1 (844) 589-9732

The Kansas supervised lender bond ranges from $100,000 to $300,000; the amount based upon the number of your business locations. We offer this bond for good credit clients. The premium is less than 1%. Please call AmeriPro Surety Bonds at 844-589-9732.

Kansas Supervised Lender Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Supervised Lenders Licensing – Kansas

 

 

 

While your Kansas supervised licensing and surety bond are required by the Office of the State Bank Commissioner, the filing of your surety and other licensing requirements are accomplished through NMLS, the Nationwide Mortgage Licensing System.

Once purchased, our agency can electronically file your surety bond to NMLS on your behalf.

 

 

 

Qualifying and the Premium

 

 

 

The Kansas supervised lender bond amount is determined in the following manner:

  • $100,000 for the initial location, or licensed place of business;
  • PLUS an additional $25,000 surety bond for each additional business office;
  • with a MAXIMUM $300,000 surety bond.

Qualifying is by completion of a surety bond application — which we can begin with you over the phone – by which will require your signature before being submitted to an underwriter for a credit review, along with a copy of your most recent financial statement (a financial statement will not be needed for the $100,000 surety bond amount).

Approval for this bond through our agency is contingent upon good credit. If you are approved, you will be approved at a rate of ¾ of 1% of the amount of your surety bond.

  • A $100,000 surety bond will cost you $750, annually;
  • A $200,000 surety bond will cost you $1500, annually;
  • A $300,000 surety bond will cost you $2250, annually.

Once the premium for this bond if you choose to file the bond on your own, we’ll mail you the signed surety bond to the address of record.

 

 

 

Additional Premium Payment Options

 

 

 

Your annual premium of less than 1% for the Kansas supervised lender bond renews annually on the anniversary of the surety bond’s issuance.

Options exist to prepay your surety bond for up to 3 years, thereby offering you a savings over annual renewals of your premium.

As an example, a $100,000 surety bond prepaid for 2 or 3 years will have the following premiums and savings:

  • If prepaid for 2 years, the premium for the $100,000 surety bond amount is $1350, a $150 savings;
  • If prepaid for 3 years, the premium is $1950, a $300 savings.

Other supervised lender surety bond amounts have proportionate savings for prepayment.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

Your surety bond is a financial guarantee of your compliance with relevant sections of the Uniform Consumer Credit Code and the Kansas Mortgage Business Act.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Kansas.

Our agency also provides surety bonds nationwide.

Please contact us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

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