RD position fidelity bonds.
Protecting loan funds. Flat 3%.
A USDA Rural Development borrower — a water, sewer, or community-facility association — must carry fidelity bond coverage on the position(s) that handle loan funds. This is the scheduled-position form; we issue it at a flat 3% with one soft credit pull.
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Apply to filed in one sitting.
Your loan closing is waiting on this fidelity coverage. Here is the whole process:
Apply once, online
The position to cover, the bond amount your RD office requires, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
File with Rural Development
The original scheduled bond is mailed for signature, then filed with your Rural Development servicing office by loan closing or start of construction, whichever is first. Wet-ink originals provided as the form requires.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the coverage your RD office requires and the premium updates.
What it is and who needs it.
What the fidelity bond actually covers
USDA Rural Development finances water, sewer, and community-facility projects for rural associations and districts. As a condition of the loan, the borrower must carry fidelity bond coverage on the positions — typically a treasurer or office manager — that handle loan funds, so the government’s financial interest is protected against dishonesty.
This is the scheduled-position form: the bond covers the named position rather than a named person, so it stays in force as the role turns over. Coverage must be in place by loan closing or start of construction, whichever comes first, and maintained for the life of the loan.
Under 7 CFR §1942.17, it is the borrower’s responsibility — not Rural Development’s — to keep adequate coverage in force, and RD’s required amount normally does not exceed what the borrower proposes if that coverage is adequate. If the surety pays a loss, the surety pursues the dishonest party, not the association as a whole.
You need this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including the scheduled position and a one-time consent to a soft credit pull. The original bond is mailed for signature before filing.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Rural Development fidelity bond? +
Does this cover a person or a position? +
When does coverage have to be in place? +
Is there a credit check? +
Why is the original bond mailed? +
Other New York bonds.
Clear the fidelity requirement before closing.
Flat 3%, $275 minimum, five-minute application, e-signed bond in 1–2 business days. Free until issued.