What is a certificate of title surety bond?

Title Agent Surety Bond(also known as a Title Agency Bond)

The purpose of a Title Agent Surety Bond is to protect parties to the transaction against fraud, or the failure to properly disburse escrow funds. It guarantees the faithful performance of said duties by the title agent.

Not all States require the bond. In my home of State Pa. It is required by, and is issued in favor of the State.

Statute for your reference:

• Per 40 P.S. 910-26.1(3), a surety bond must be posted in the amount of no less than $100,000.