North Dakota — Appraisal Management Company Bond
North Dakota's published rule describes $25,000 AMC security continuously on file and identifies appraiser amounts, adjudged service obligations and Board fees. Prepare continuing evidence separately from annual registration; a reduced limit can require replacement or surrender.
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- Recorded state
- North Dakota
- Category
- Real estate & property
What this bond does
Supply the AMC's North Dakota registration security for the obligations identified in rule 101-05-01-04.
- Who needs it
- The management company applying or maintaining registration, including a company replacing terminated, canceled or reduced security.
- Who it protects
- The rule identifies amounts owed for appraisal services, specified adjudged service or contract obligations and listed Board fees, subject to its review and claim conditions. It is not general property insurance or unconditional payment of every alleged loss.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- North Dakota Legislative Branch: rule101-05-01-04 (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the actual AMC and current registration file.
- Have the accepted $25,000 security and effective-date request.
- Describe termination, cancellation or a reduced amount if relevant.
- Confirm replacement timing and actual evidence directions with the Board.
Questions about this bond
Does annual registration alone restore reduced security?
The rule separately requires continuous $25,000 security and describes replacement or registration surrender after specified security changes. Confirm the actual replacement requirement.
Are only the AMC's own property losses involved?
No. The rule lists appraisal-service amounts, specified adjudged obligations and Board fees under its conditions. It is not general first-party property insurance.
Does this purchase provide the letter-of-credit alternative?
No. The rule identifies that as a separate permitted security route. Purchase Now is this catalog's surety-provider handoff.