Title Agent Bonds
What is a Title Agent Bond?
A Title Agent Bond is required by Title Insurance Agents that work on real estate transactions, prepare house titles and produce legal documents as required by a title search. They guarantee that the Title Insurance Agent will comply with all state rules and regulations pertaining to the real estate transaction. Also, when insurance is in place, the Title Agent bond holds faithful accounting for funds that are received from the clients.
How does a Title Agent Bond Work?
A Title Agent bond is needed for all agents who issue house titles, prepare documents for closing, handle premiums, etc. It is the title agent’s duty and responsibility to process and report everything to the state in an ethical and moral way accordingly to the individual state’s regulations to protect the client.
How much does a Title Agent Bond Cost?
The cost of this type of bond is based on the bond amount required by the state in which the bond is required. A big factor in pricing is determined by the personal credit report of all owners and spouses. Should the bond be larger than $100,000, the Surety will want to review business financials and personal financials for all owners over 10%. Someone with good credit may pay a lesser premium than a person with poor credit. However, just because someone has poor credit does not mean we cannot help you. At Universal Service Agency, we strive to find our clients the best rates with the strongest rated carriers to insure you are getting the best bond coverage available.
How do I get a Title Agent Bond?
You can get Title Agent bonds by contacting surety bond agents/brokers. Since you’re already here, you can give us a call at 215-646-2400 or Apply Now here.
How to Choose a Bonding Company?
Universal Service Agency offers Surety Service Made Simple. We are the fastest surety only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market. You can get a free quote here or call our bond experts at 215-646-2400.
How long does it take to get a Title Agent Bond?
Universal can issue bonds the same day an application is received. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.
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Universal Service Agency is the fastest “surety only” agency in the country, with over 100 years of combined surety experience servicing all 50 states.