How much does a $35,000 title agency bond cost in Florida?
The Department of Financial Services Division of Agent and Agency Services - Bureau of Licensing in Florida requires title agencies to post surety bonds in order to legally operate within the state. These bonds, which are subject to underwriting, can be quoted as low as $350 for those who qualify!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Title Agency Bond||$35,000||Starts at $350||$1,750-3,500||$3,500+||Apply Now|
Call 1 (800) 308-4358, or submit a bond request, to connect with an expert surety specialist who will walk you through each step of our fast and easy bonding process.
Why do I need this bond?
Florida title agency bonds ensure that principals (title agencies) faithfully perform all duties and responsibilities under the agency’s contract with each title insurer for which the principal is licensed. The bond protects title insurers from financial loss that results of the principal’s breach of contract.
What’s the fine print?
Florida title agency bonds are continuous until canceled. To cancel this bond, the surety must give the state at least 30 days notice prior to the effective cancellation date.
The surety must provide a copy of the cancellation notice to the title insurers that have appointed the principal as agent, but the failure to provide a copy of said notice does not effect the validity of the cancellation.
The principal’s Federal Tax ID number must be listed on the bond, so applicants should have this information readily available during the bonding process.
How to become a title agency in Florida
To obtain a title agency license in Florida, all applicants must post the required surety bond, turn in an application and have any major owner, partner, officer and director fingerprinted as designated by the Department.
More information can be accessed via the Additional Resources section of this page.
Take the first step toward becoming licensed by purchasing the surety bond you need. Apply for a personalized bond quote today!
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