We offer the following surety bonds in the state of South Dakota:
The licensing process requires that Appraisal Management Companies purchase a surety bond of $25,000 ensuring that they will function in agreement with all federal laws.
Required if you alter or construct any structure. A $10,000 bond protects the client from financial loss if you fail to act in accordance with the terms of the surety bond agreement.
Violating the bond agreement’s outline in the provisions of SDCL 54-4 will require you as a money lender to compensate the client up to a determined amount of the bond.
Depending on the verbiage used, a surety bond would protect consumers from fraud committed by mortgage professionals, such as tacking on unnecessary additional fees.
A $25,000 coverage bond ensures that those selling conduct business in compliance with the vehicle code. This bond guarantees that your clients are protected should you break the rules of the vehicle code.