Arizona Escrow Agent Bond Overview
- Purpose: To protect the public from fraud or deceit by escrow agents
- Who Needs It: All escrow agents licensed in Arizona
- Regulating Body: The Arizona Department of Insurance and Financial Institutions (DIFI)
- Bond Amount: $100,000
- Minimum Price: $500, credit-based
What Is an Arizona Escrow Agent Bond?
If you hold funds, property, or documents in escrow, you need a surety bond to protect clients from financial loss. The Arizona escrow agent bond ensures that you’ll uphold state law and operate honestly.
How Much Do Escrow Agent Bonds Cost in Arizona?
The $100,000 Arizona escrow agent bond starts at $500 for a one-year term. We’ll run a soft credit check to determine your exact price. Apply today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Escrow Agent Bond Work?
An Arizona escrow agent bond forms a legal contract between you, the state and the surety.
| Bond Party | Description |
|---|---|
| 1) Principal | The escrow agent purchasing the bond |
| 2) Obligee | The Arizona Department of Financial Institutions requiring the bond |
| 3) Surety | The issuing surety provider |
If you violate the Arizona escrow agent laws, those affected can file bond claims. The surety will pay valid claims, but you’re responsible for reimbursement.
How Do I Get Bonded?
Just fill out the quote request form, and we’ll send you a personalized rate within one business day! Once you pay the premium, you’ll receive your official bond form via email.
Can I Get Bonded With Bad Credit?
You may still be able to get bonded with bad credit, but you’ll likely pay a higher price. Our quotes are free and have no impact on your credit score — apply now!
How Do I Renew My Bond?
Arizona escrow agent bonds expire annually on the issue date. We’ll send you reminders by phone and email starting 90 days before renewal. All you need to do is pay the premium to extend your bond for another year.
How Do I Update My Bond Information?
If you need to change any information on your bond form, email [email protected]. We’ll issue a bond rider to file with the DIFI.
How to Become an Escrow Agent in Arizona
To get an Arizona escrow agent license, submit the following materials via NMLS:
- Biographical statement for each owner
- Business plan
- Escrow rate filing form (real property only)
- Organizational chart and description
- Registration with the Arizona Corporation Commission
- Letter of good standing
- Surety bond
- Unaudited financial statement
To maintain your license, you’ll need to submit the Semiannual Financial and Escrow Report and an annual audit through the DIFI eLicensing portal.
How Much Does It Cost to Get a License?
License applications cost $1,000, plus the following prorated license fees:
| Application Date | Fee |
|---|---|
| January–March | $1,000 |
| April–June | $750 |
| July–September | $500 |
| October | $250 |
| November–December | $1,250* |
*Includes following year renewal fee
Branch offices applications cost $500 each, plus the following prorated license fees.
| Application Date | Fee |
|---|---|
| January–March | $250 |
| April–June | $187.50 |
| April–June | $125 |
| October | $62.50 |
| November–December | $312.50* |
*Includes following year renewal fee
Renewals cost $1,000 for the principal office and $250 per branch. The late renewal fee is $25/day.
