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Nebraska Surety Bonds
Surety Bond Requirements in NE
The state of Nebraska requires certain professionals, contract workers, and businesses to post a surety bond in order to do business. Nebraska surety bonds are also required by many county and city governments within the state, especially in more populous areas such as Omaha.
Unlike some other states, NE has little overlap of state and local bonding requirements. This makes it less likely that you'll need multiple bonds. For example, the state has no contractor bond requirements, but in Omaha you'll need to be bonded before you can work in certain trades.
NNA Surety Bonds has been providing affordable policies to companies and individuals across the United States since 1957. We offer popular Nebraska bonds, including:
- Appraisal management company bonds
- Collection agency bonds
- Motor vehicle dealer bonds
- Title producer license bonds
To ensure you are in compliance with your state's bonding regulations, speak with one of our experts.
We offer the following surety bonds in the state of Nebraska:
Appraisal Management Company (AMC) Bond
The Nebraska Real Property Appraiser Board requires appraisal management companies (AMCs) to post a $25,000 bond to conduct business within the state. Your cost for this bond can be as low as $250, depending on your credit.
According to the terms of the bond, the AMC agrees to abide by provisions of the Nebraska Revised Statutes, avoiding prohibited acts such as changing reports after submission by agents, failing to keep detailed records, and paying off an appraiser to influence fee reporting.
Collection Agency Surety Bond
Collection agencies are required by the Nebraska Secretary of State to post a surety bond. The necessary bond amount ranges from $5,000 to $15,000, depending on the number of licensed solicitors in your agency.
| Number of Licensed Solicitors | Bond Amount Required |
|---|---|
| 1 to 4 | $5,000 |
| 5 to 15 | $10,000 |
| 16 and up | $15,000 |
The yearly premium for this policy will vary depending on your bond amount and your credit score. Typically, your cost is only a small percentage of the full bond amount.
Learn more about collection agency surety bonds
Escrow Agent Bond
Although the state refers to this bond as a “title insurance bond for escrow agents," it is similar to escrow agency surety bonds required by many other states. You must post a $100,000 escrow agent bond as a condition of licensure by the Nebraska Department of Insurance.
Your annual premium for this bond can be as low as $1,000 based upon your credit and your business finances.
Request a title insurance bond for your NE escrow agency
Motor Vehicle Dealer Bond
Auto dealers in the Cornhusker State must post a $50,000 surety bond to the Nebraska Motor Vehicle Industry Licensing Board. The bond applies to dealers of new and used motor vehicles, motorcycles, and trailers.
Applicants with strong credit scores can bond their dealerships for a premium rate as low as $250 a year.
The NE auto dealer bond protects customers and any dealers with whom you do business from losses caused by such acts as:
- Deception about the year or model of a vehicle.
- Substituting a vehicle after the purchaser selected a different one.
- Failing to provide a clear title.
- Mishandling money that belongs to the purchaser.
- Otherwise fraudulently representing a vehicle.
| Bond Name | Coverage Amount | Cost (Annual Premium) |
Regulatory Authority |
|---|---|---|---|
| Appraisal Management Company Bond | $25,000 | $250 | Nebraska Real Property Appraiser Board |
| Collection Agency Bond | $5,000-$15,000 | $50-$150* | Nebraska Collection Agency Licensing Board |
| Escrow Agent Bond | $100,000 | $1,000* | Nebraska Department of Insurance |
| Motor Vehicle Dealer Bond | $50,000 | $250 | Nebraska Motor Vehicle Industry Licensing Board |
* Cost can vary depending on the bond amount required and your credit rating
Our knowledge of Nebraska bond requirements allows us to provide accurate quotes quickly. For guidance through the process of selecting surety bonds for your business, talk to one of our experts today.