Appraisal Management Company Bond

Arizona Appraisal Management Company Bond

DIFI AMC registration bond under A.R.S. § 32-3667

Arizona appraisal management companies must maintain a $20,000 surety bond under A.A.C. R4-46-402 implementing A.R.S. § 32-3667.

Overview

What Is a Arizona Appraisal Management Company Bond?

An Arizona AMC bond guarantees payment to appraisers and covers certain negligent or improper appraisal management services.

Key Provisions
  • Guarantees compliance with A.R.S. § 32-3667 - A.A.C. R4-46-402
  • Protects the obligee named on the Arizona bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under A.R.S. § 32-3667 - A.A.C. R4-46-402 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
Arizona Department of Insurance and Financial Institutions
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with A.R.S. § 32-3667 - A.A.C. R4-46-402
  • Satisfy Arizona Department of Insurance and Financial Institutions filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Appraisal management companies registering with DIFI to operate in Arizona need this bond for each operating name.

Who Is Required to File
  • Applicants required by Arizona Department of Insurance and Financial Institutions (DIFI)
  • Arizona businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Arizona markets
Requirements

What You Need to Apply

File and maintain a $20,000 surety bond from an Arizona-authorized surety; restore the bond to $20,000 within seven days after any draw-down.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: $20,000 surety bond (statute allows a board range of at least $20,000
  3. current rule sets $20,000)
  4. Arizona obligee form or statute citation
  5. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Arizona requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Arizona Department of Insurance and Financial Institutions (DIFI).

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to Arizona Department of Insurance and Financial Institutions or for your Arizona filing package.

FAQ

Frequently Asked Questions

What is the required amount for an Arizona appraisal management company bond?

The amount is $20,000 surety bond (statute allows a board range of at least $20,000; current rule sets $20,000), as set under A.R.S. § 32-3667 - A.A.C. R4-46-402 and confirmed with Arizona Department of Insurance and Financial Institutions (DIFI).

Who is the obligee on an Arizona appraisal management company bond?

The obligee is typically Arizona Department of Insurance and Financial Institutions. Always match the exact name on the Arizona form.

How long does it take to get the bond?

Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.

Authority Resources

Arizona Department of Insurance and Financial Institutions (DIFI)

difi.az.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578