Kansas Non-NMLS Supervised Lender Bond Guide
If you’re applying for a non-NMLS supervised lender license in Kansas, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure non-licensed lenders or sponsors operate honestly and legally
- Who Needs It: Kansas lenders who do not have a NMLS license number
- Regulating Body: The Kansas Office of the State Bank Commissioner
- Required Coverage: $100,000–$300,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Kansas Non-NMLS Supervised Lender Bond?
A Kansas non-NMLS supervised lender bond holds consumer mortgage lenders financially responsible for operating legally and honestly. It ensures that lenders meet the financial responsibility requirements.
How Much Do Non-NMLS Supervised Lender Bonds Cost?
Kansas non-NMLS supervised lender bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Non-NMLS Supervised Lender Bond?
The Kansas Office of the State Bank Commissioner requires this bond as part of the licensing process for non-NMLS supervised lenders in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Kansas non-NMLS supervised lender bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Office of the State Bank Commissioner as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kansas Non-NMLS Supervised Lender Bond Work?
A non-NMLS supervised lender bond creates a legal contract between these three parties:
- Principal: You, the supervised lender filing the bond
- Obligee: The Office of the State Bank Commissioner requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding provisions of the Kansas Uniform Consumer Credit Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your non-NMLS supervised lender bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.