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Appraisal management bond

Appraisal Management Surety Bond Now Required in South Dakota

Appraisal Management Surety Bond Now Required in South Dakota

An applicant for issuance or renewal of an appraisal management company registration shall file with the Department of Labor and Regulation a surety bond with one or more corporate sureties authorized to do business in this state of twenty-five thousand dollars. ($25,000).
The surety bond shall be conditioned upon the following:

 That the appraisal management company pay all amounts owed to a person …

 

Surety Bond Appraisal Mangers Now Required in Wyoming

Surety Bond Appraisal Mangers Now Required in Wyoming

Wyoming has joined the cadre of states that require real estate appraisal companies to post a surety bond. Wyoming HB 26 establishes a surety bond requirement of $25,000 as part of the licensing process. The bond would be conditioned on the payment of all amounts due to persons performing appraisal services for the company, and the payment of all amounts due as a result of a judgment against the company for …