The Escrow License Bond is required by the California Department of Business Oversight, Division of Corporations. Escrow agents are required to be licensed, including internet based escrow companies. The Escrow Law protects members of the public who entrust their money or other assets to independent escrow agents in California. The Escrow Law requires a manager to have a minimum of five years of responsible escrow experience to be stationed at the licensed location during open office hours.
How much will the Escrow License Bond be?
Each escrow agent is required to maintain a surety bond at all times. The amount of the surety bond may be $25,000, $35,000 or $50,000, depending on the average trust liability. The surety bond amount is increased by $5,000 for each additional licensed location.
How do I obtain a California Escrow License Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1) are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.