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Texas Escrow Officers Schedule Bond

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  • Great bonding rates
  • Bad credit options

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What Is a Texas Escrow Officers Schedule Bond?

If you’re a title insurance agent in Texas and you want to employ escrow officers, you are required to get bonded. You have to obtain a Texas escrow officers schedule bond for each escrow officer and present it to the Texas Department of Insurance.

The purpose of escrow officers schedule bonds is to provide an extra layer of security for the state and for your customers. They ensure your business and all the escrow officers you employ will act according to state laws. Bond claims can provide compensation to affected parties in case your title insurance agency transgresses any rules.

Just like other Texas surety bonds, your Texas escrow officers schedule bond is a three-party contract. The principal is your title insurance agency. The obligee is the Texas Department of Insurance that requires the bond. The bond provider is the surety.

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Questions about Texas Escrow Officers Schedule Bond

Who needs to obtain a Texas escrow officers schedule bond?

Title insurance agencies in Texas have to post an escrow officers schedule bond for each escrow officer they employ. The Texas Department of Insurance requires the bonding. The bond is a part of the licensing criteria for escrow officers. It ensures escrow officers’ compliance with relevant sections in the Texas Insurance Code. Applicants must use the official bond form for their licensing application.

How much does a Texas escrow officers schedule bond cost?

Title insurance agencies have to post a $5,000 bond for each escrow officer who is a resident of Texas. For each escrow officer who is a resident of an adjacent state, the bond amount is $10,000. The total amount for all escrow officers should not exceed $50,000.

The bond amount is different from the price you have to pay, which is your bond premium. Your actual cost is only a few percents of the required amount: typically between 1% and 3%. If you have to obtain the maximum amount of $50,000, your bond premium could be as low as $500-$1,500.

Bond Cost Based on Credit Score
Bond Type Surety Bond Amount Credit Sore
Above 700 Between 650-699 Between 600-649 Below 599
Texas escrow officers schedule bond (for one employee who is a Texas resident) $5,000 $100 $100-$150 $150-$250 $250-$500
Texas escrow officers schedule bond (for one employee who is a resident of an adjacent state) $10,000 $100-$150 $100-$300 $300-$500 $500-$1,000
Texas escrow officers schedule bond (maximum amount for all employed escrow officers) $50,000 $250-$625 $375-$750 $1,000-$2,500 $2,500-$5,000

How is your bond cost set? When you apply with a surety, it has to take a close look at your personal and business finances. The most important factors considered are your personal credit score, business finances, and assets and liquidity. This is how the surety can assess whether you are a risky bond applicant. If your overall finances are in good shape, you can expect a lower bond premium.

For more information about bonding costs, you can consult our surety bond cost page.

Can I get bonded with bad credit?

If your insurance agency is struggling with problematic finances, you can still get the Texas escrow officers schedule bonds you need with us. Lance Surety Bonds runs its Bad Credit Surety Bonds program for applicants with low credit scores, tax liens, bankruptcies, and civil judgements.

The bond premiums for bad credit applicants are typically in the range of 5% and 10%. The bond price is higher, so that it can compensate for the increased risk in the bonding. We work with a number of A-rated, T-listed surety companies, which allows us to offer you top bonding rates matching your particular case.

How do I get a Texas escrow officers schedule bond?

You can start your bonding process today. Just apply online for a free, no-obligations Texas escrow officers schedule bond quote. If you’re ready to see your exact price, you can complete the full application and attach all paperwork. We’ll deliver it in no time.

Need more information about the bonding process? Our How to Get Bonded page has everything you need to know.

If you have any questions or concerns, make sure to call us at (877) 514-5146. Lance Surety Bonds’ experts will be happy to assist you.

Apply for a free no-obligations quote on your surety bond!

How are bond claims handled for Texas escrow officers schedule bonds?

Unlike insurance, surety bonds protect the state and its citizens from any unlawful actions committed by the escrow officers employed in your insurance agency. Affected parties can file a claim against your bond. If the claim is proven, you need to compensate the claimants up to the penal sum of the bond. The surety covers the costs initially, but you need to repay it soon afterwards, as set in the bond language.

The wisest course of action is to avoid bond claims as much as possible. They can harm your company’s finances and reputation. They may also prevent you from qualifying for future bonds.

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What Our Clients Have To Say?




Kimberlee Ables
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!
Andrew Poincot
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!
Margie Martinez
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!

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