Hawaii Escrow Depository Bond
Professionals who operate an escrow depository or are applying for a Hawaii escrow depository license must get a surety bond. Required by the Hawaii Commissioner of Financial Institutions (CFI), the Hawaii escrow depository bond guarantees your compliance with state laws and protects your clients from financial loss due to misconduct or negligence.
Cost of a Hawaii Escrow Depository Bond
The premium of a Hawaii escrow depository bond is a small percentage of the bond amount.
| Bond Amount Required | Annual Premium |
| $100,000 | Varies |
Why You Need an Escrow Depository Bond
A Hawaii escrow depository surety bond is a financial guarantee required under Hawaii Revised Statutes Chapter 449.
It ensures that licensed escrow companies manage client funds responsibly in accordance with state regulations set by the Hawaii Commissioner of Financial Institutions.
Clients may file a claim against your bond if they incur financial damage as a result of your unethical practices. The surety company will investigate the claim, and if found valid will compensate the affected party. You’re then liable to reimburse the surety for the amount paid out of your bond policy.
Apply for Your Hawaii Escrow Depository Bond Today
NNA Surety can help you get bonded quickly and stay compliant with Hawaii’s licensing laws. Complete our form today to get started.