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California 643N Surety Bond

March 24, 2020

The California 643N surety bond is required of time-share developers. The premium offered is based upon healthy credit and acceptable financials. The rate is 1.5% annually. Please call AmeriPro Surety Bonds at 844-589-9732.

California 643N Surety Bond

AmeriPro Surety Bonds | 844-589-9732




CA DRE 643N Surety Bond; Purpose




The California Department of Real Estate, in enforcement of California Business & Professions Code § 11241, requires time-share developers to obtain a 643N surety bond.

According to state law, the purpose of your surety bond is to serve as a financial guarantee that assessments will be paid as owed; or, to guarantee payment of a deficit subsidy.

“Deficit subsidy” refers to the deficit between expenses incurred and payments collected from owners.




Amount of 643N Surety Bond Required




The amount of the surety bond you are required to obtain is either:

  • 100% of the assessments of the unsold amount of the time-shares;
  • Or, as determined by the Commissioner, for a period of 1 year, the lesser of 50% of the estimated costs of operating and maintaining your time-share plan.




Qualifying and the Premium




Qualifying for the California 643N surety bond includes the completion of an application --- which we can likely complete with you over the phone --- and undergoing a review by an underwriter, which includes a credit check.

To be approved for the 643N surety bond, good credit is absolutely required.

If the bond amount required is particularly large (6 figures), in addition to having good credit, you may also be asked to provide financial statements (i.e. tax returns, or banking statements).

Approval of the 643N surety bond will be at 1.5% of the amount of the bond, annually.

Once your bond application has been approved and the payment made, our agency issues your bond to you immediately. Included with your surety bond will be a Power of Attorney form.

After receipt by mail of your original documents, you’ll sign your bond as Principal and thereafter file both the original surety bond and POA form to the CA DRE.




About Us




AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in all 50 states.

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