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Nebraska bonds

Nebraska — Appraisal Management Company Bond

Nebraska's AMC application asks for $25,000 security naming the applicant as principal and the Real Property Appraiser Board as obligee. It also describes maintenance for a year after operations cease, so closure is not automatically a reason to cancel immediately.

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Recorded state
Nebraska
Category
Real estate & property

What this bond does

Supply the AMC's Nebraska registration security with the principal, Board recipient and continuing evidence required by the accepted instrument.

Who needs it
The AMC preparing a registration or continuing-security file, including a company planning to stop operating in Nebraska.
Who it protects
The application requires security for persons damaged by violations of the Nebraska AMC Registration Act, subject to an aggregate cap. It is not a guarantee that every appraisal is correct or every business loss is reimbursed.

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 the Board recipient and post-operation evidence

Use the applicant's legal name and the Nebraska Real Property Appraiser Board obligee wording. Prepare trade names and any applicable Nebraska service agent separately from the actual principal.

The application says security must be maintained until a year after the company ceases Nebraska operations, regardless of termination timing, and defines cessation through registration surrender or status. Confirm the actual date and maintenance instructions; this later period is not a labeled one-year purchase term.

Purchase Now opens Propeller. Match the company and accepted instrument before applying, then follow the Board's evidence and registration directions. Checkout does not close the registration or establish that continuing security may be canceled.

Sources

Have these ready

  1. Identify the AMC legal name, trade names and applicable service agent.
  2. Use the Board obligee wording and accepted $25,000 instrument.
  3. Confirm the actual registration or cessation date and continuing-security duties.
  4. Follow current issued-evidence delivery instructions.

Questions about this bond

Can I automatically cancel when I stop taking Nebraska work?

The application describes maintenance until a year after operations cease and defines cessation through registration status or accepted surrender. Confirm the actual date and directions rather than canceling solely because work stopped.

Is the Board or the applicant the obligee?

The application expressly names the applicant as principal and Nebraska Real Property Appraiser Board as obligee. Match those roles in the accepted instrument.

Does the later maintenance period label my purchase duration?

No. It describes an obligation after cessation, not a selectable one-year term. Confirm the actual required dates and evidence.

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