Appraisal management companies (AMCs) are required to file an Arizona appraisal management company bond with the Department of Insurance anually, as well as comply with a myriad of filing requirements. Pursuant to Arizona statute (32-3661), an "appraisal management company" means a corporation, partnership, sole proprietorship, subsidiary or other business entity that directly or indirectly performs appraisal management services, regardless of the use of the term "appraisal management company", "mortgage technology provider", "lender processing services", "lender services", "loan processor", "mortgage services", "real estate closing services provider", "settlement services provider" or "vendor management company" or any other term, and that does any of the following":
The Arizona AMC surety bond guarantees that the AMC will comply with the provisions of law(s) regulating its activity, and pay all damages suffered by any person injured by the wrongful act, default, fraud or misrepresentation of the licensee or his employees, or both, growing out of any transaction of the AMC.
Appraisal management company bonds and general inquires should be directed to:
Arizona Department of Insurance and Financial Institutions
Attn.: AMC Licensing
100 N. 15th Avenue, Suite 261
Phoenix, AZ 85007
Arizona surety bond leader, Surety One, Inc. is a specialist in the bonding needs of the appraisal profession. We offer both surety and fidelity bonds needed by AMCs in ALL fifty states, Puerto Rico and the U.S. Virgin Islands. Call (800) 373-2804, email us at Underwriting@SuretyOne.com or click here to enter our live chat window for a Arizona appraisal management company bond application or information on ANY surety bonding need.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.