Illinois requires every appraisal management company to post and maintain a $25,000 surety bond as a condition of registration with IDFPR. Ours is $750 flat — 3% of the bond amount, with no credit check.
















Registration bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials, no credit check section, no follow-up scavenger hunt.
Registration bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond (IDFPR form IL505-0721) arrives by email, ready to file with your AMC registration application or renewal. Wet-ink original mailed on request.
$25,000 bond × 3% = $750, one-time per term. Fixed amount, fixed price, multi-year if you want it. The AMC registration has a common 12/31 renewal date on even-numbered years.
Illinois requires appraisal management companies to register with IDFPR under the Illinois Appraisal Management Company Registration Act (225 ILCS 459). An AMC oversees panels of real estate appraisers for lenders, and the state conditions registration on a $25,000 surety bond filed under 225 ILCS 459/50.
The bond is for the recovery of expenses, fines, or fees due to or levied by IDFPR under the Act. If the AMC fails to pay sums due within sixty days, the surety pays the Department. You are the principal, the surety stands behind you, and IDFPR is the obligee.
It is not insurance for you — if the surety pays, you repay the surety. Maintaining the bond is a continuing obligation of registration, so we track it and notify you 60 and 30 days out, keeping your $25,000 filing continuous.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$750 flat, five-minute application, bond often issued in the same sitting. Free until issued.