APPRAISAL MANAGEMENT COMPANY BOND OVERVIEW:
Appraisal management companies are required to get licensed and provide this type of surety bond in many states across the United States. While the bond language and the provisions of the bond may vary slightly, its purpose is to protect the public and ensure that appraisal management companies operate in compliance with all applicable state and federal laws.
Like other surety bonds, appraisal management bonds can serve to reimburse someone who has been defrauded by an appraisal management company. This means the bond does not act as insurance to the company, but to its clients and the state. To avoid claims it is important to know what the exact requirements of the bond in your state are.
Application: Call underwriter for appropriate application at 1-800-452-7121
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