1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does a Florida Title Agent Bond Cost?
A Florida title agency bond costs between $350 and $3,500. This cost is based on the state requirement for a $35,000 surety bond. When you purchase your title agent bond from our authorized surety company, you will pay the bond premium rather than the full bond amount.
The surety bond premium ranges between 1% and 10% of the total amount of the bond. The rate that you qualify for is determined by several factors, including your credit rating and the risk associated with the bond. We consider all credit scores.
The best rates are available to those with a 700 credit score or better. For example, the rate available for a 700 credit score is between 1% and 3%. For a $35,000 title agency bond, the premium is between $350 and $1,050. We provide bonds to over 99% of our customers and deliver fast quotes.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Florida Title Agency Bond |
$35,000 |
$350 - $1,050 |
$1,050 - $1,750 |
$1,750 - $3,500 |
How to Get a Florida Title Agency Bond
1. Apply For Your Bond
Buying your Florida title agency bond is quick and easy when you walk through our three-step process. The first step is to apply for your new bond. Our online application only takes a couple of minutes to fill out and can be completed at any time.
2. Get Your Bond Quote
After submitting your application online, you will receive a quote from us within minutes. For more complex situations, a quote is available in 48 hours or less.
3. Purchase Your Bond
After reviewing your surety bond quote, the final step is to make your purchase. Use our convenient online payment portal to pay your bond premium without hassle. Then, we will prepare the bond and email it to you quickly. If requested, we can also mail the bond to you.
Do you have questions about your Florida title agency surety bond quote? Our bond experts are available to answer your questions and guide you through your bond purchase. Contact us online today or reach us by phone at (877) 514-5146.
Our new client, Jonah, contacted us recently to purchase a title agency bond. He appreciated the excellent customer service he received and our fast application process. He completed his license application promptly with his bond in hand. Today, Jonah runs a thriving title agency in Miami.
Title Agency Bonding Requirements in Florida
Florida requires title agents to obtain a license to perform their business activities. This requirement extends to those who provide closing services. Under Florida Statutes, the closing services include:
- Conducting the closing process
- Closing the transaction
- Disbursing funds in the transaction
- Issuing title insurance
The Florida Department of Financial Services oversees title agency licensing, which requires a $35,000 surety bond for each title insurer, with the department listed as the obligee.
The bond remains effective until it is canceled by the surety. The surety must provide a 30-day written notice to the principal and the obligee prior to canceling the bond.
While the bond does not need to be renewed with the state, the premium must be paid annually to remain valid. We will contact you prior to each premium due date with payment instructions.
How to Get Your Title Agency License in Florida
To operate a Florida title agency, a state license is required. The requirements to obtain a title agency license include:
- Online Application
- $35,000 surety bond
- Fingerprints of the majority owner, partner, officer or director of the business
- Fees Payment
A Title Agency might also need to secure a Fidelity Bond in the amount of $50,000 acceptable to the insurer appointing the agency.
For additional information about obtaining a Florida title agency license, contact:
Florida Department of Financial Services
200 East Gaines Street
Tallahassee, FL 32399
Phone: (877) 693-5236
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!