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Louisiana bonds

Louisiana — Appraisal Management Company Bond

Louisiana's published AMC surety form names the State and directs filing with the Real Estate Appraisers Board. Prepare the $20,000 instrument with the actual company principal and attorney-in-fact authority; this purchase handoff is not a State cash deposit.

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Recorded state
Louisiana
Category
Real estate & property

What this bond does

Supply the AMC's Louisiana licensing security under the Board's accepted surety instrument.

Who needs it
An appraisal management company applying for a license or renewal, with its authorized principal signer and surety documents prepared.
Who it protects
The form benefits claimants damaged by the AMC's violations of the governing Act or Board rules. Its actual condition governs; it does not guarantee every property value or insure all losses of the company.

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.

Prepare State security and Board filing

Use the management company's name and address with the State of Louisiana recipient. The Board receives the filing; its licensing function does not replace the State wording in the instrument.

The form calls for the principal's signature/title and the surety attorney-in-fact signature with attached power of attorney. Retain the original and confirm current delivery and effective-date directions. Its reference to cash or other security does not mean those separate routes are delivered by this surety purchase.

Purchase Now opens Propeller. Confirm the company and accepted instrument before applying, then deliver the complete issued file as directed. Checkout does not deposit cash with the State, grant the license or renew it.

Sources

Have these ready

  1. Identify the registering AMC and its legal address.
  2. Obtain the accepted $20,000 State instrument and required dates.
  3. Coordinate principal title/signature, surety execution and power of attorney.
  4. Retain the original for filing under current Board directions.

Questions about this bond

Does Purchase Now make a cash deposit with Louisiana?

No. The published form mentions separate permitted security routes, but this offering opens Propeller for surety security. Match the route the Board requests.

Are the State recipient and filing Board interchangeable?

Use the actual State of Louisiana recipient wording and the Board's filing directions. The form identifies those roles separately.

Is the surety signature alone the complete file?

The posted form also calls for the principal's signature/title and attached power of attorney with the attorney-in-fact execution. Follow current complete-file instructions.

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