Oklahoma residents fund bonds.
From $100.
A nursing or long-term care facility that holds residents’ personal funds in trust must secure those funds with a surety bond — required under 42 CFR §483.10 and Oklahoma Health Care Authority rules. We issue it from $100; the only extra step is one soft credit pull that never affects your score.
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How much does an Oklahoma residents fund bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your amount, consent to a soft pull, pay, and the bond issues. Here is the whole thing:
Apply online
Facility details, the bond amount covering your resident trust funds, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with your facility records
Hold the executed bond as required for your resident trust fund account and your Medicaid provider enrollment. Wet-ink originals mailed on request.
What it is and who needs it.
What the residents fund bond actually covers
When a long-term care facility manages money for its residents — Social Security, allowances, personal spending — it holds that money in a resident trust fund, separate from the facility's own operating accounts. Federal law (42 CFR §483.10) requires any facility that holds resident funds to purchase a surety bond or equivalent security to protect those funds.
Oklahoma enforces the same protection through the Oklahoma Health Care Authority. Under the OHCA's long-term care rules (OAC 317:30-5-125), a facility must keep resident funds in a designated account, never commingle them with facility funds, and account for them in full — the bond stands behind that duty.
If a facility misuses or fails to return a resident's trust funds, the bond protects the harmed resident and their family — and if the surety pays, the facility repays the surety. Size the bond to the trust balance you hold; we issue it from a $100 minimum with one soft credit pull that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your facility records. Hold the executed bond as required for your resident trust fund account and your Medicaid provider enrollment. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Oklahoma bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Residents fund bond, issued today.
From $100, soft pull only. Size it to your trust balance and file.