A Title Agency Surety Bond is require of all title agencies who perform tasks such as title insurance, title searches, etc. The Title Agency Surety Bond ensures the title agency will act in accordance with each of its agency contracts and act in accordance with their respective state statutes.
What is the current market for a Title Agency Surety Bond?
Title Agency Surety Bonds are widely written by multiple surety bond markets. The bond amount for the Title Agency Surety Bond varies dependent on the state requesting the bond. Terms of approval and premium are largely determined by the financial condition of the title agency's corporate and/or personal net worth and experience.