Posted by MonicaFL on 12/23/13 9:10am
Msg #496945

Question For ANY Title Company

Are title companies required to be bonded and if so, is there a special kind of bonding company who handles this type of company? Thank you.

Reply by Saul Leibowitz on 12/23/13 9:40am
Msg #496948

Yes; bond, E&O policies required and you get a license by your state's dept. of insurance or similar agency. You also need your underwriter [Chicago Title, First American, for example] to sign off as ultimately they take the heat when/if you fail.

Reply by Ilene C. Seidel on 12/23/13 1:48pm
Msg #496969

Surety and fidelity bonds in Maryland