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Arkansas bonds

Arkansas — Appraisal Management Company Bond

Arkansas' published 2022 AMC rules require the application name to match the business registered with the Secretary of State and describe $20,000 Board-approved security. Check that identity first, especially when preparing a renewal or business-name change.

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Recorded state
Arkansas
Category
Real estate & property

What this bond does

Supply the AMC's Arkansas registration security using the Board-approved form and the actual registered business name.

Who needs it
A management company preparing initial registration, renewal or a business-name correction, with its controlling-person details recorded separately.
Who it protects
The rules require AMC registration security; the accepted condition determines the covered obligations and claims. It is not property or title insurance and does not itself approve the company's registration.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Match the registered business and any name change

Use the registered business name, not just its controlling person's name. The published rules distinguish the company identity, controlling-person information and applicable service agent.

The rules describe approved $20,000 security for initial and renewal applications. They also call for corrected security and Secretary of State documentation with a business-name change. Confirm the current accepted form and evidence for the actual transaction rather than ordering another instrument without checking the existing file.

Purchase Now opens Propeller. Match the company and Board request before applying, then follow issued-document and registration directions. The rules' registration-period language does not create a labeled duration in this option.

Sources

Have these ready

  1. Match the AMC's Secretary of State business name.
  2. Identify initial, renewal or business-name-change work.
  3. Prepare controlling-person and applicable service-agent information separately.
  4. Obtain the current Board-approved security, effective dates and filing instructions.

Questions about this bond

Can I put only the controlling person's name on the file?

The published rules require the application business name to match the Secretary of State registration and record controlling-person information separately. Use the actual AMC principal.

Does a business-name change affect the security?

The published rules call for corrected security and Secretary of State evidence with the notice of business-name change. Check the actual current directions before ordering a replacement.

Does the initial registration period label this purchase term?

No. Registration timing and accepted security evidence are separate from the unlabeled purchase option. Confirm the actual required dates with the Board and provider.

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