The Texas Escrow Officers Schedule Bond is required by the Texas Department of Insurance for all escrow officers. The amount of the bond, according to the Texas Insurance Code, is $5,000 for bona fide residents of the state or $10,000 for bona fide residents of a state adjacent to Texas.
In order to perform the duties of an Escrow Officer in Texas, you must be licensed through the Department of Insurance. In order to get the license, applicants must post the Texas Escrow Officers Schedule Bond and have a copy of it on file with the Department of Insurance Commissioner. The Texas Title Insurance Act defines an escrow officer as an attorney or employee of an attorney licensed as an escrow officer or title insurance agent, whose duties include:
- Countersigning title insurance forms.
- Supervising the preparation and supervising the delivery of title insurance forms.
- Signing escrow checks.
- Closing the transaction.
The application may be done online through SIRCON. All applicants must get a fingerprint background check from IdentoGO if they do not live in Texas, and pay $35 for the application fee.
How do I obtain a Texas Escrow Officers Schedule 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 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.