The Nevada Escrow Agency/Agent Bond is required by the Nevada Department of Business and Industry. The bond guarantees that the bondholder, or Principal, will comply with chapter 645A of the NRS, and will pay all damages done to any person as a result of the bond holder’s failure to follow these laws. The amount of the bond is based on the expected average monthly balance of its trust or escrow account:
AVERAGE MONTHLY BALANCE AMOUNT OF BOND OR SECURITY REQUIRED
$50,000 or less $20,000.00
More than $50,000 but not more than $250,000 $50,000.00
More than $250,000 but not more than $500,000 $100,000.00
More than $500,000 but not more than $750,000 $150,000.00
More than $750,000 but not more than $1,000,000 $200,000.00
More than $1,000,000 $250,000.00
Escrow Agency Principal Location License $700.00
Escrow Agency Branch Location License $200.00 per branch location Escrow Agent $125.00
Adding Association for an Escrow Agent $25.00 per escrow agent
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.