Pennsylvania Title Agent Bond

Click Here to Apply

A Pennsylvania Title Agent Bond is required by all title insurance agents operating in Pennsylvania. The bond is a type of surety bond that protects consumers from financial harm if the title insurance agent commits fraud or engages in unfair business practices. The bond amount is $100,000 per title agent. The surety bond that protects consumers from financial harm if a title insurance agent commits fraud or engages in unfair business practices. The bond is required by all title insurance agents operating in Pennsylvania and the cost of the bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

The bond covers the following types of losses:

• Financial losses: If a title insurance agent commits fraud, such as forging a signature on a title document, the bond will reimburse the victim for their losses.
• Legal fees: If a title insurance agent is sued as a result of their negligence or wrongdoing, the bond will pay for the victim’s legal fees.
• Punitive damages: If a title insurance agent is found to have acted with malice or reckless disregard for the rights of others, the bond may be required to pay punitive damages.

The Pennsylvania Title Agent Bond is $100,000 per title agent. This means that the surety company will pay up to $100,000 in damages to victims of title insurance fraud or unfair business practices. If the surety company pays a claim on the bond, it will seek restitution from the bond principal (licensee).

How to Get a Pennsylvania Title Agent 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 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.

About Surety1.com
Contact Surety1

How to get a Pennsylvania Title Agent License

To become a licensed Pennsylvania title agent, you must follow these steps:

1. Meet the eligibility requirements: To be eligible for a Pennsylvania Title Agent license, you must be at least 18 years old, have a high school diploma or equivalent, and be a resident of Pennsylvania. You must also have a clean criminal history.

2. Complete the pre-licensing education: You must complete a pre-licensing education program that is approved by the Pennsylvania Insurance Department. The program must cover topics such as Pennsylvania title insurance law, title search procedures, and real estate principles.

3. Pass the Pennsylvania Title Agent Licensing Exam: You must pass the Pennsylvania Title Agent Licensing Exam, which is administered by PSI Services LLC. The exam covers topics such as Pennsylvania title insurance law, title search procedures, and real estate principles.

4. Submit an application for a license: You must submit an application for a Pennsylvania Title Agent license to the Pennsylvania Insurance Department. The application must include a copy of your high school diploma or equivalent, your criminal history record, and a $200 application fee.

5. Submit a Pennsylvania Title Agent Bond : You must submit a surety bond to the Pennsylvania Insurance Department. The bond amount is $100,000 and protects consumers from financial losses if you commit fraud or engage in unfair business practices.

6. Complete the fingerprinting process: You must complete the fingerprinting process at a PSI Services LLC testing center.

7. Pass a background check: The Pennsylvania Insurance Department will conduct a background check on you. If the background check is successful, you will be issued a Pennsylvania Title Agent license.

Here are some additional tips for obtaining a Pennsylvania Title Agent license:

• Start planning early. The pre-licensing education program can take several months to complete, and the licensing exam can be challenging.
• Study hard for the licensing exam. There are a number of study guides and practice exams available to help you prepare.
• Get experience working in the title insurance industry. This experience will help you on the licensing exam and in your job as a title agent.
• Join a professional organization for title insurance agents. This will give you access to networking opportunities and continuing education resources.

If you have any questions about obtaining a Pennsylvania Title Agent license, you can contact the Pennsylvania Insurance Department at 1-800-285-3792.