Arkansas Time-Share Interest Transfer Service Bond

A new Arkansas bill that was recently enacted will require a surety bond of time-share interest transfer services providers.

Details on the New Requirement

The new bill, titled AR H 1834 amends the Arkansas Time Share Act by requiring a time-share interest transfer services provider to provide the Arkansas Real Estate Commission with, among other things, a bond in an amount determined by the commission, but can't be larger than $25,000. The bond will be required to obtain a license.

This amended language and subsequent bond requirement does not apply to to a broker that maintained a place of business inside the state before the enactment of this legislation.

How to Apply for a Surety Bond

If you need to obtain this surety bond, you'll need to contact a bond provider who is licensed to to business in Arkansas. JW Surety Bonds is licensed nationwide, so please apply for a free quote online, or feel free to reach out to us if you'd like assistance with obtaining this bond.

Profile picture for user eweisbrot

Leave a Reply

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Ready to Get Started?

Get a real-time quote today. You’ll be bonded in minutes, not days!