Realistic underwriting requirements and competitive rates are the hallmarks of our Title License Bond program. We cover all states requiring surety bonds for licensing of Title Insurance Agents, Closing Attorneys, Escrow Attorneys, and Abstractors.
Will one Title License Bond cover multiple states?
No. While the majority of states do not have bond requirements in this category, you’ll need to post a separate title bond for each state that does. The required bond language is specific to each state and only supports a particular license. Our Bond Specialists are experienced with all state bond forms and will help ensure you get the proper bond for your license type.
What are the primary underwriting considerations for Title License Bonds?
Time in business and/or the business owner’s experience usually plays a significant part. The credit of the business owner and the financial strength of the business can also play significant roles.
Are personal credit reports and personal guarantees required?
Personal credit reports are a standard underwriting tool, so yes, they are typically required. However, we are often able to secure bonding without personal guarantees.
What size Title License Bond will I need?
This depend on the state and occasionally other factors. Amounts can range from $10,000 to $500,00 with the vast majority falling at $200,000 or below.
How quickly will I receive approval?
Typically, an underwriting response can be obtained in less than 24 hours!
How do I apply for a Title License Bond?
- Option 1 – You may complete the “Get a Quote” form above & one of our bond specialists will contact you.
- Option 2 – You may call Joanna Carson at 434-832-2293. She will be happy to walk you through the process & answer any questions.
- Option 3 – You may download & complete an application below. You will need Adobe Acrobat. Once completed, please submit to Joanna Carson at jcarson@scottins.com.