South Carolina Real Estate Appraisal Management Company Bond Requirement

What’s the New Surety Bond Requirement?

The new South Carolina bill, titled SB 877, revises the existing law for real estate appraisal management companies to allow them to post a $50,000 surety bond in lieu of the current requirement to provide financial information. The new law provides that procedures for filing claims against the bond will be established through regulations. This new bond requirement became effective on 05/15/2018.

 
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Why Choose JW Surety Bonds?

We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.

Get a Free Quote Instantly Online

If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.

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Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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