Information on Title Agency Bonding
We are legally licensed to issue title agency bonds in every state. Whether you work in Mississippi, Georgia, Ohio or Florida, we can bond you!
This page is about surety bonds for title agencies. If you’re looking for information about surety bonds for a lost or stolen vehicle title.These types of surety bonds ensure that title agents adhere to industry regulations in whatever state they work. When a title agency purchases a surety bond, it pledges to issue titles, prepare documents and perform other responsibilities according to law. we know that getting a surety bond can be confusing, so our surety experts developed this guide to help you on your way.
State Specific Costs
Title agency bond costs and requirements vary greatly as the bond amounts and regulations surrounding each license are established on a state level. Select your state below for more information about title agency bonds in your area.
Pay a Low Rate for Your Title Agency Surety Bond
Finding the lowest bond premium for clients is our top priority, which is why we work with numerous underwriting markets. Your bond premium will be calculated as a percent of the bond amount, which is set by the government agency requiring your bond. For example, the bond amount required for a Texas title agency will differ from the amount required for a California title agency. In most cases, qualified applicants pay 1-5% of the bond amount, which means a standard $10,000 bond typically costs between $100 and $500 for those with good credit. What are you waiting for?
Bad Credit? No Problem!
Thanks to our exclusive Bad Credit Bonding Program, we have markets that specialize in bonding applicants with less-than-stellar credit histories. Through the program, we can issue bonds to most bad credit applicants quickly and easily. By choosing our special financing option, qualified applicants can even choose to split up their bond premium into smaller, more manageable payments.
Get Your Bond Fast
Because title agencies typically can’t open for business until they’ve been legally bonded and licensed, owners should choose to work with a reputable surety provider that can issue bonds in any state quickly, easily and accurately.
Submit our quick online form, and an expert surety specialist will contact you within one business day. After you file your official bond application, your account manager will shop your bond around with multiple underwriters to find you the best bond rate. We’ll issue your bond as soon as your payment is processed. You’ll receive a copy of your bond immediately via email, and your original bond form will arrive in the mail according to your preferred shipping option. Once your bond arrives, you’ll file it with whatever government agency regulates title agencies in your state.
Learn More About Title Agency Bonds
The rules that regulate title agencies can be tricky. For example, title agents can handle and issue legal documents, but they cannot provide legal advice to customers. Of course, a knowledgeable, licensed title agent should understand the industry laws where he or she works. Still, wrongdoings do occur, so many states require that title agencies purchase surety bond insurance as part of the licensing and registration process.
If you need a surety bond for your title agency, you should also know that being bonded can boost your business. How? Possessing a surety bond shows consumers two things:
- You understand the legal intricacies of your industry
- You have your customers’ best interests at heart
Potential customers will be much more likely to bring their business to you if they know they’ll be treated fairly and receive quality service. To put it simply, the financial security provided by surety bond protection reassures consumers of your professional reputation.
Apply for your surety bond
Get a FREE Title Agency Bond Quote Today! Click here to begin