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Oregon bonds

Oregon — Appraisal Management Company Bond

Oregon's published renewal rule lists a completed statutory instrument alongside company information and compliance certifications. Prepare the AMC's registration file; purchasing security does not renew an expired registration or replace those certifications.

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Recorded state
Oregon
Category
Real estate & property

What this bond does

Supply the AMC registration security requested by Oregon's Appraiser Certification and Licensure Board.

Who needs it
The management company preparing its registration evidence, including a company working on renewal or reactivation.
Who it protects
The renewal rule requires the security specified by ORS 674.210. The accepted statutory condition determines covered claims and recipients; it is not property insurance or a guarantee of every appraisal value.

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.

Keep security and registration renewal distinct

Prepare the company name and registration record. The renewal rule separately lists the initial contact, controlling persons, relevant owners and an Oregon service agent for an out-of-state company; the contact person is not automatically the company principal.

The rule lists a completed statutory instrument as one renewal requirement alongside certifications about appraisal-panel competency, records and appraisal independence. Confirm the current accepted condition, recipient, sum and effective dates for the actual file rather than inventing them from this unlabeled option.

Purchase Now opens Propeller. Match the AMC and Board request before applying, then deliver the issued evidence as directed. The rule says an expired registrant must cease operating; a purchase is not permission to resume.

Sources

Have these ready

  1. Identify the AMC and actual registration status.
  2. Prepare the contact and controlling-person records separately from the company principal.
  3. Obtain the Board's accepted statutory condition, sum, recipient and dates.
  4. Confirm the remaining renewal certifications and evidence instructions.

Questions about this bond

Does purchasing security renew an expired registration?

No. The published rule requires a complete renewal file and says an expired registrant must cease operating. Follow the Board's actual renewal or reactivation directions.

Is the controlling person necessarily the principal?

The rule separately identifies the company and its contacts or controlling persons. Match the actual company applicant and accepted instrument rather than substituting a contact's name.

Does the catalog establish the required sum?

This option does not label a sum or term. Obtain the actual Board request and accepted statutory condition before applying.

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