Maryland Title Service | $25,000 Title Service Surety Bond

Also known as: title service bond

Type of Bond

A title service bond, also known as a title agent bond or title insurance agent bond, is a type of surety bond that may be required for individuals or businesses engaged in the title service industry. The bond serves as a financial guarantee that the bonded party will adhere to applicable laws, regulations, and ethical standards when providing title-related services. The purpose of the bond is to protect the interests of clients and ensure the integrity of the title service industry. It provides assurance that the bonded party will handle title-related transactions, such as title searches, title transfers, and issuing title insurance policies, in a lawful and responsible manner. By obtaining the bond, the title service provider agrees to comply with the requirements set forth by the regulatory authority overseeing the title service industry. This may include obtaining the necessary licenses and permits, maintaining accurate records, handling client funds appropriately, and adhering to professional and ethical standards. If the bonded party fails to fulfill their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows affected parties or regulatory bodies to seek financial compensation for any damages, losses, or non-compliance issues resulting from the actions of the bonded title service provider. The bond amount for a title service bond is typically determined based on the specific requirements set by the regulatory authority and may vary depending on factors such as the volume of transactions, the financial strength of the title service provider, and the specific bond requirements in the jurisdiction. Title service providers should consult with the relevant regulatory authority or a surety bond provider to understand the specific bond requirements applicable to their operations and to obtain the necessary bond coverage.


Program

The price you'll pay for your $25,000 Title Service Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $25,000 Title Service Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $25,000 Title Service Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Title Service Bond Application process.

The Maryland Title Service Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Title Service bond.

Obligee: State Of Maryland Mva
Street: 6601 Ritchie Hwy Ne
State: Maryland
Zip: 21062