Louisiana Appraisal Management Company Bond
AmeriPro Surety Bonds | 844-589-9732
Appraisal Management Companies – Louisiana
Appraisal management companies in Louisiana are regulated by the state’s Real Estate Appraisers Board.
The Board requires that in addition to meeting other licensing requirements, appraisal management companies must also furnish evidence of filing a $20,000 surety bond.
The process of obtaining your surety bond is both quick and efficient. Our agency will have the bond sent to you immediately upon purchase.
Qualifying and The Premium
You are pre-approved for the Louisiana appraisal management company bond. After completion of an application and payment of the premium – $200 — our agency issues this bond to you immediately for filing. We can take the application from you directly over the phone.
There is neither an underwriter review nor a credit inquiry for this bond.
After payment of the premium, a copy of your newly issued surety bond can be emailed to you. The original surety bond, which you will sign as Principal before filing with the Board, will be mailed to you by the following business day.
The Surety Bond’s Duration
The appraisal management company bond is issued for one year, thereafter the bond must be renewed. A currently active surety bond must be on file at all times to lawfully operate.
Premium Prepayment Options
With a $200 premium, the bond will expire a year after issuance.
The appraisal management company bond may also be prepaid for 2 or 3 years, thereby increasing the time between renewals and offering you a financial savings over year to year renewal of your bond.
The premium prepayment options are as follows:
- If prepaid for 2 years, the premium is $360, a $40 savings;
- If prepaid for 3 years, the premium is $520, an $80 savings.
The Purpose of Your Surety Bond Requirement
The purpose of the appraisal management company surety bond is a financial guarantee which ensures your compliance with the LA AMC Licensing and Regulation Act.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Louisiana. We also provide a variety of surety bonds nationwide.
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