The Arizona Escrow Agent Surety Bond is required by the Arizona Department of Financial Institutions. An escrow agent surety bond ensures that the escrow will be delivered to the grantee within a specific time period.
The Arizona Revised Statutes defines an escrow agent as any person engaged in the business of escrow. For people who would like to practice this profession in Arizona, you will need to apply for a license. You will need to submit a completed application form to the Department of Financial Institutions, along with an application fee of $1,500.
You will also need to submit a biographical statement where you will put pertinent information such as your residence information, employment history, and criminal, regulatory or civil judicial history. One of the most important things that you should not forget to submit is a surety bond.
This surety bond serves as an added assurance to the state that you will conduct your business in a professional.
Surety Solutions Insurance Services, Inc makes it easy for you to get your Arizona Escrow Agent Surety Bond. Complete our online application form, and within one business day, you will receive a firm quote from one of our surety bond agents. Then, make the payment, sign some paperwork your bond will be shipped via USPS priority mail. Overnight shipping is also available. Surety1 has been in the business of issuing Arizona surety bonds since 2003 and we are rated A+ by Better Business Bureau for our excellent service.