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Hawaii bonds

Hawaii — Appraisal Management Company Bond

Prepare the Hawaii appraisal management company's registration security with both pages of the State form. Its filing instructions require the applicant and surety to complete and notarize page 2; an incomplete execution can delay the license file.

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Recorded state
Hawaii
Category
Real estate & property

What this bond does

Supply the company's Hawaii AMC registration security, separately from an individual appraiser's credential or professional liability insurance.

Who needs it
The appraisal management company and the person assembling its licensing documents, rather than an individual appraiser hired for one assignment.
Who it protects
Hawaii's published form secures the registrant's legal obligations and addresses appraisers who performed work for the registrant but were not paid. Claims remain subject to the form and its aggregate limit; it is not insurance for the company's own losses.

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.

Complete the applicant and surety acknowledgments

The State form names the company as principal and the State of Hawaii as recipient. Its amount field is blank, so obtain the required security from the actual licensing instructions rather than treating this listing as an amount selection.

Complete both pages, including the applicant and surety's notarized execution and any applicable power of attorney. The form continues until cancellation under its notice terms; no offered fixed duration is established by the unlabeled purchase option.

Purchase Now opens Propeller. Check the company, State recipient and accepted instrument before applying, then follow PVL Licensing Branch's document instructions. Provider checkout does not register the AMC or complete its separate licensing review.

Sources

Have these ready

  1. Use the licensing company's exact legal name.
  2. Obtain the required security, effective date and accepted form.
  3. Arrange both page 2 notarizations and any applicable power of attorney.
  4. Keep issued-document delivery separate from licensing approval.

Questions about this bond

Is one signature page enough?

The published instructions require both applicant and surety to complete and notarize page 2. Check the full executed instrument rather than submitting only its first page.

Does it cover unpaid appraisers?

The form expressly addresses an appraiser's unpaid work for the registrant, within its terms and aggregate limit. That does not make it a general guarantee of every appraisal's accuracy.

Does Purchase Now issue the AMC license?

No. It opens Propeller for security. The company must separately submit the licensing documents and satisfy the Hawaii Department's review.

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