State Licensing Requirements

Kentucky

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

Check state agency website for further information: Kentucky Department of Financial Institutions

Common Requirements

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
Mortgage Broker License	This license is required of any company or Sole Proprietor who serves as an agent for any person in an attempt to obtain a loan or has money to loan secured by a mortgage on residential real property. (More Details)	New Application Amendment Surrender
Mortgage Company License	This license is required of any company or sole proprietor who makes, purchase, or services loans or buys or sell notes secured by mortgages on residential real property. (More Details)	New Application Amendment Surrender
Exempt Company Registration	This registration is available for any company that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Kentucky. This registration is optional and is intended for companies that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)	New Application
Branch Licenses	Description	Requirements Checklist
Mortgage Broker License (Branch)	This license is required for all offices, other than the main office identified on the Mortgage Broker License, whether or not located in Kentucky, which conducts business with Kentucky properties. (More Details)	New Application Amendment Surrender
Mortgage Company License (Branch)	This license is required for all offices, other than the main office identified on the Mortgage Company License, whether or not located in Kentucky, which conducts business with Kentucky properties. (More Details)	New Application Amendment Surrender
Exempt Branch Registration	This registration is available for any branch that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Kentucky. This registration is optional and is intended for branches that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)	New Application
Individual Licenses	Description	Requirements Checklist
Loan Originator License	This license is required of any individual who discusses or negotiates the rates, terms, and condition of a loan with a borrower or prospective borrower. (More Details)	New Application Amendment Surrender
Loan Processor Registration	This registration is required of any individual who works under the instruction of a mortgage loan originator performing clerical functions. (More Details)	New Application Amendment Surrender