| Company Licenses
|
Description
|
Requirements Checklist
|
| Check Cashing |
Any entity or person engaged in the business of cashing checks. |
|
| Consumer Loan Company |
A consumer loan company engaged in the business of making loans to a consumer for personal, family, or household use in the amount or value of fifteen thousand dollars ($15,000) or less at an interest rate greater than usury.
Kentucky Revised Statutes 286.4 - Consumer Loan Companies
|
|
| Deferred Deposit Service Business |
An entity or person who is acquiring an existing deferred deposit license (Change of Control).
Please refer to KRS 286-9-071 for additional information.
|
|
| Deferred Deposit Service Business Registration |
Corporate offices that are not licensed are required to register that location. This registration is NOT a license. |
|
| 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) |
|
| Money Transmtter License |
Engaging in the business of receiving money or monetary value to transmit, deliver, or instruct to be transmitted or delivered, money or monetary value to another location inside or outside the United States by any and all means, including but not limited to wire, facsimile, electronic transfer, or issuing stored value. (More Details) |
|
| 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) |
|
| 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) |
|
| Branch Licenses
|
Description
|
Requirements Checklist
|
| Check Cashing Branch |
Any branch of an entity engaged in the business of cashing checks. |
|
| Consumer Loan Company |
A consumer loan company engaged in the business of making loans to a consumer for personal, family, or household use in the amount or value of fifteen thousand dollars ($15,000) or less at an interest rate greater than usury.
This license should only be applied for, by a company, that also holds or is applying for the Consumer Loan License.
Kentucky Revised Statutes 286.4 - Consumer Loan Companies
|
|
| Deferred Deposit Service Business Branch |
An entity or person who is acquiring an existing deferred deposit license (Change of Control).
Please refer to KRS 286-9-071 for additional information.
|
|
| 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) |
|
| 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) |
|
| 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) |
|
| 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. |
|