State of Kentucky
Department of Financial Institutions
1025 Capital Center
Suite 200
Frankfort, Kentucky 40601
Telephone: 502-573-3390 or 800-223-2579

License Renewal Date: July 1 of each year

Covered Licensees:
A. Mortgage Companies
B. Mortgage Brokers

Domicile Requirements:
Licensed Mortgage Brokers are required to maintain an office in the State of Kentucky.

Financial Regulations:
A. Mortgage Companies must maintain a net worth of at least $500,000.00 (or liquid funds totaling at least $500,000.00) plus a surety bond of at least $100,000.00.
B. Mortgage Brokers must maintain a surety bond for at least $50,000.00.

Licensing Requirements:
A. A Mortgage Company Principal must complete a 30 hour state approved course and pass a test for Pre-Licensure.
B. A Mortgage Broker must complete a 30 hour state approved course and pass a test for Pre-Licensure.
C. All Licensees, including Loan Officers, must have completed 12 hours of state approved continuing education courses annually beginning with the renewal date of July 1, 2004

SPECIAL NOTES:
A. ALL STATE OF KENTUCKY PRE-LICENSE COURSES MUST BE IN A LIVE CLASSROOM SETTING ONLY.
B. ALL STATE OF KENTUCKY CONTINUING EDUCATION COURSES FOR THE CALENDAR YEAR JULY 1, 2003 TO JULY 1, 2004, MUST BE IN A LIVE CLASSROOM SETTING.
C. AFTER JULY 1, 2004, CONTINUING EDUCATION COURSES MAY BE SPLIT AS FOLLOWS:
1. SIX (6) HOURS MUST BE IN A LIVE CLASSROOM SETTING.
2. SIX (6) HOURS MAY BE THROUGH A DISTANCE LEARNING PROVIDER SUCH AS A WEB BASED COURSE.

Mortgage-Education.com is pleased to offer a variety of courses that have been approved by the State of Kentucky to meet continuing education requirements.

Note: Web based classes will be available as of July 1, 2004, per state statutes. Live classes are available now currently filled.

* Mortgage-Education.com offers the Pre-License education and testing for the State of Kentucky.