State-required bonding to obtain and maintain your title license — handled quickly and competitively.
Several states require a surety bond in order to obtain or maintain a title license. Bond amounts vary — Pennsylvania requires $100,000, Maryland requires $150,000, and Florida requires $35,000.
A surety bond is a third-party guarantee to the state that the owners will faithfully perform their fiduciary responsibilities. If an owner fails those duties, the surety carrier steps in to make the injured party whole — but then seeks full repayment from the owner.
An indemnity agreement is required before a surety bond is issued. You must agree to indemnify the surety for any and all losses that occur under the bond.