Washington Escrow Agency Bond
Professionals who operate an escrow agency or are applying for a Washington escrow agency license must secure a surety bond. The Washington Department of Financial Institutions (DFI) requires this bond to ensure agencies follow state law and protect consumers from financial harm.
Cost of a Washington Escrow Agency Bond
The premium for a Washington escrow agency bond is a small percentage of the required bond amount.
| Bond Amount | Annual Premium |
| $10,000 | Varies |
Why You Need a Washington Escrow Agency Bond
A Washington escrow agency bond is a financial guarantee required under Washington state escrow regulations. The purpose of the bond is to provide protection for clients who trust escrow agencies to:
- Handle the receipt, safeguarding, and disbursement of funds
- Prepare escrow instructions
- Ensure compliance with state transaction requirements
How the Washington Escrow Agency Bond Works
Three parties are involved in every surety bond:
- Principal: Escrow agency (you)
- Obligee: Washington Department of Financial Institutions
- Surety: Company issuing the bond
If a client experiences financial loss due to improper actions, they may file a claim against your bond. The surety investigates the claim and, if valid, compensates the harmed party. The escrow agency must then reimburse the surety for any amount paid out.
Apply for Your Washington Escrow Agency Surety Bond Today
Follow these steps to secure your Washington escrow agency bond:
- Complete our quote form.
- Speak with a surety executive.
- Pay for your bond and receive your documents.
- Submit the bond to the Washington DFI.
For more information about the surety bond, call 855-630-2721 or email us.