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Utah bonds

Utah — Appraisal Management Company Bond

Utah's AMC form leaves the security sum blank and identifies the Division of Real Estate. Have the current registration request supply the required amount, company identity and dates rather than copying a sum from another State.

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Recorded state
Utah
Category
Real estate & property

What this bond does

Supply the appraisal management company's Utah registration security using the Division's accepted instrument and actual requested sum.

Who needs it
An AMC applicant or registrant assembling its company file, not an individual appraiser's professional license or an event organizer.
Who it protects
The form concerns applicable-law compliance and indemnification of the Division and appraisers as provided by law. Its stated aggregate applies across years and renewals; it is not a guarantee of every property's value or every company loss.

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.

Use the requested sum and continuation evidence

Prepare the company's principal identity, described business and exact Division recipient from the registration request. The published amount field is blank, so obtain the required sum instead of treating a common AMC amount as established for this filing.

The form has beginning/end dates and continuation-certificate language for the registration period. It expressly limits aggregate liability regardless of years or renewals. Confirm the actual dates and continuation evidence without assuming each renewal creates another full limit.

Purchase Now opens Propeller. Match the company and accepted instrument before applying, then follow the Division's document directions. Checkout does not register the AMC or determine whether a particular claim meets the legal condition.

Sources

Have these ready

  1. Identify the registering company and described AMC business.
  2. Obtain the Division's current instrument, required sum and exact recipient.
  3. Confirm beginning/end dates and continuation evidence.
  4. Follow issued-document delivery separately from registration review.

Questions about this bond

Does the published form establish a fixed amount?

Its amount field is blank. Use the actual Division request rather than copying another State's sum or treating the unlabeled purchase option as a verified amount.

Does every renewal create a new limit?

The form expressly limits aggregate liability regardless of years in effect or renewals. Coordinate continuation evidence and actual dates instead of assuming limits multiply.

Who is named for the benefit of the form?

The form identifies Utah's Division of Real Estate and appraisers under the applicable law. It is not written as insurance reimbursing the AMC for every business loss.

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