Welcome to the Kentucky Office of Financial Institutions Web Site

The Kentucky Office of Financial Institutions (OFI) is the state agency responsible for the supervision of the financial services industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. In order to accomplish its mission, OFI conducts examinations on state-regulated financial industries through its Division of Financial Institutions and Division of Securities.

IMPORTANT  Information for mortgage individuals and companies:

Mission Statement

The mission of OFI is to serve the public through effective and efficient regulation that promotes consumer confidence and economic growth.

OFI also provides educational materials and outreach to protect consumers from financial fraud. OFI assists the industry and public through the investigation of complaints filed with the office. If you have a question or need to file a complaint, OFI is here to help.

OFI's Consumer Information channel contains Web pages that may be helpful to the general public. These pages include items such as free, downloadable brochures, free curriculums for teachers, consumer alerts, links to helpful financial Web sites, OFI press releases and more.

OFI's Industry Information channel contains Web pages designed for those who are regulated by OFI. With our redesign we have attempted to make this area of the site more user-friendly, especially in the area of registrations. The former "Forms and Applications" and "How to Register" pages have been combined into industry-specific pages including detailed instructions, direct links and downloadable forms. Other information in this channel includes records retention requirements, industry links, free resources, OFI newsletters and more.

The Statutes and Regulations page contains links to the laws and regulations that govern OFI's regulatory capacity. Other legal information, such as various enforcement actions, advisory opinions and proposed administrative regulations, can be found on pages in the Legal Resources channel.

The About OFI channel contains pages detailing who OFI regulates, the history of the office, annual reports and more.

In fulfilling its mission, OFI is dedicated to serving the suppliers, as well as the users, of financial services and to assuring a stable market which brings the two together.

OFI also works to promote economic growth through increased capital, whether by initial capitalization of private investors or retained earnings, and by flexible policies, laws and regulations that provide for competition within the industries.

Primarily through the examination process, OFI determines if Kentucky's state-regulated financial institutions and securities entities are exercising safe and sound practices and/or complying with applicable laws and regulations. Depository institutions are evaluated in the areas of management, quality of assets, capital adequacy, earnings and liquidity and are checked for compliance with laws and regulations. Securities entities and non-depository institutions' examiners focus primarily on regulatory compliance and consumer protection issues.

OFI's long and continuing tradition of public service is supported and sustained by a highly skilled and diverse workforce that responds rapidly to changes in the financial environment.

Office of Financial Institutions
1025 Capital Center Drive
Suite 200
Frankfort, KY 40601
Phone: 502-573-3390
Toll free: 800-223-2579
Fax: 502-573-0086
E-mail: kfi@ky.gov

• Gov. Beshear Signs Mortgage Bill Into Law
  Monday, April 28, 2008
  Steven L. Beshear today ceremonially signed into law House Bill 552, which makes widespread changes in the state’s mortgage industry. The official signing was April 24. Unless stated otherwise in the bill, these changes take effect immediately.
• Governor to Sign Mortgage Bill into Law
  Friday, April 25, 2008
  On Monday, Gov. Steve Beshear will sign into law House Bill 552, which makes changes in Kentucky’s mortgage industry designed to protect consumers and reduce fraud.
• Foreclosure Prevention Efforts Aren't Keeping Up With Trends
  Thursday, April 24, 2008
  Industry measures to keep homeowners out of foreclosure are barely keeping pace with the rising rate of homeowners in trouble, according to the latest statistics collected by a group of state officials working to prevent home foreclosures.