Kan. Admin. Regs. § 17-24-6 - Bond requirements
Each applicant for a new or renewal Kansas mortgage business act license shall submit a bond in the following amounts:
(a) For any applicant who maintains a bona
fide office, $50,000.00 or, if the applicant or licensee originated or made
more than $50,000,000.00 in Kansas mortgage loans during the previous calendar
year, $75,000.00; or
(b) for each
applicant or licensee who does not maintain a bona fide office, $100,000.00 or,
if the applicant or licensee originated more than $50,000,000.00 in Kansas
mortgage loans during the previous calendar year, $125,000.00.
Notes
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