South Dakota Abstracter's Bond Guide
If you’re applying for an abstracter license in South Dakota, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure compliance with abstracting regulations and laws
- Who Needs It: All abstracter license applicants in South Dakota
- Regulating Body: The South Dakota Abstracters Board of Examiners
- Required Coverage: $30,000–$100,000 based on county population
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a South Dakota Abstracter's Bond?
A South Dakota abstracter's bond holds professional abstracters financially liable for following all licensing regulations and operating ethically.
The Abstracter’s Board of Examiners requires this bond as part of the licensing process for abstracters in the state.
How Much Do Abstracter's Bonds Cost?
South Dakota abstracter's bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a South Dakota abstracter's bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Abstracter's Board as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a South Dakota Abstracter's Bond Work?
An abstracter's bond creates a legal contract between these three parties:
- Principal: You, the abstracter filing the bond
- Obligee: The South Dakota Abstracters Board of Examiners requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of all applicable state laws.
If you cause damages out of error or intentionally, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire every two years. To renew your abstracter's bond, simply pay your renewal invoice when prompted.