Escrow Agents Bond

An escrow agents bond is a license and permit surety bond required by certain jurisdictions for individuals or companies that provide escrow services to their citizens.
Key Highlights
- The bond guarantees the delivery of the escrow to the grantee within the specified time period.
- An escrow agent is any person or company engaged in the business of receiving escrows for deposit or delivery, either in person or on the internet.
- These bonds typically cost between 0.5 and 10% of the bond amount.
How do I purchase an escrow agents bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue escrow agent bonds in each of the 50 states. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Escrow Agents Bond FAQs
An escrow agents bond is a license and permit surety bond required by certain jurisdictions for individuals or companies that provide escrow services to their citizens. An escrow agent is any person engaged in the business of receiving escrows for deposit or delivery, either in person or on the internet. Escrow is defined as any transaction wherein one person, for the purpose of effecting the sale, transfer, encumbering or leasing of real property to another person, delivers any written instrument, money or other thing of value to a third person to be held by such third person until the happening of a specified event, when it is then to be delivered by such third person to a grantee. The bond guarantees the delivery of the escrow to the grantee within the specified time period.
An escrow agent bond is typically required for individuals or companies that act as escrow agents, meaning they hold funds, documents, or property on behalf of two or more parties involved in a transaction. These agents are responsible for ensuring that the terms of the agreement between the parties are met before releasing the assets.
Persons or companies that may be required to purchase an escrow agent bond include:
- Licensed escrow companies
- Independent escrow agents
- Title companies
- Real estate closing agents
- Attorneys or law firms
The cost of an escrow agent bond depends on the bond amount required by the state and your creditworthiness, but the premium is usually between 0.5 and 10% of the bond amount.
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