Supervised Lenders are required under the KSA section 16a-1-101 et. seq. to file a Kansas Supervised Lender Surety Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Kansas Supervised Lender Surety Bond holds you accountable for your business decisions.
By possessing a Kansas Supervised Lender Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.