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KRS 286.4-450 distinguishes privately held applicants' $100,000 security from publicly traded applicants' $250,000 security. One accepted instrument covers all licensed locations. The statute permits a corporate surety bond, irrevocable letter of credit or the specified secured account or savings certificate arrangements. Confirm the applicant's ownership status, applicable licensing history, location list and security route with DFI rather than selecting the publicly traded offering or assuming the new-application rule settles every older license.

Bond security and net worth are separate tests. For applications and renewals within the statute's stated applicability, privately held companies must maintain at least $50,000 net worth when receivables are $1 million or less, or at least $100,000 when receivables exceed $1 million. A claim on the security must be brought within three years after the act on which it is based. That claim deadline is not a selectable three-year bond term or permission to stop maintaining required coverage.

Purchase Now opens Propeller's privately held Kentucky consumer loan application in a new tab. Bring DFI's request, exact legal company and NMLS identifier, ownership classification, all licensed locations, existing security, required $100,000 amount and dates. Check the commissioner-directed form before paying. Complete accepted execution and the NMLS submission with the separate licensing or renewal documents, review the issued evidence and retain DFI acceptance; buying security does not approve the license.