California Reconveyance Surety Bond

A is California Reconveyance Surety Bond is required by banks or other financial instrument transfer agents. This bond is the same as the California Lost Trust Deed Surety Bond. A trust deed is normally recorded with the recorder or county clerk for the county where the property is located, as evidence of and security for the debt.

When the obligation secured by a mortgage or deed of trust has been fully satisfied the lien of any mortgage or deed of trust would be released. However, if the present mortgagee or beneficiary of record cannot be located, after a diligent search, or refuses to execute and deliver a proper certificate of discharge or request for re-conveyance, the lien of any mortgage or deed of trust can be released by posting a Reconveyance Surety Bond. The bond amount required is two times the amount of the original obligation and any additional principal amounts.

The bond recorded by the mortgagor or trustor must contain the following information describing the mortgage or deed of trust:

• Recording date and instrument number or book and page number of the recorded instrument.
• Names of original mortgagor (borrower) and mortgagee (lender).
• Amount shown as original principal sum secured.
• The recording information and new principal amount shown in any recorded amendment to the bond.

How to Get California Reconveyance Surety Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the California Reconveyance Surety Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.