Utah escrow agency bonds.
From $100.

Before furnishing any escrow services, a Utah independent escrow agent files a surety bond with the commissioner of the Department of Financial Institutions. Utah Code § 7-22-105 ties the minimum to your monthly average escrow liability, from $10,000 to $50,000. The premium is 1% of the bond amount, $100 minimum.

✓

Required before furnishing any escrow services — Utah Code § 7-22-105(1)

✓

Amount set by monthly average escrow liability — $10,000 up to $50,000 on the statutory schedule

✓

1% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay

1% rate$100 minimumExactprice at the applicationInstantissuance at checkout

Trusted by industry leaders

Price

How much does a Utah escrow agency bond cost?

1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

No quote round-trip on the escrow agency bond — enter your amount, pay, and file with the commissioner. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your escrow liability schedule calls for, an effective date, and a term. That is the application.

INSTANTLY

Pay & e-sign

The bond issues the moment you pay — your executed bond and power of attorney generate on the spot. No credit check up to $10,000.

SAME DAY

File with the commissioner

Your executed bond arrives by email, ready to file with the Department of Financial Institutions through NMLS. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the escrow bond actually guarantees

Utah licenses independent escrow agents through the Department of Financial Institutions under Title 7, Chapter 22 of the Utah Code. Section 7-22-105 is blunt about the timing: before furnishing any escrow services, each escrow agent files a surety bond with the commissioner, on a schedule keyed to monthly average escrow liability.

The schedule runs in five steps — up to $10,000 of monthly average escrow liability requires a $10,000 bond; $10,001 to $20,000 requires $20,000; $20,001 to $30,000 requires $30,000; $30,001 to $40,000 requires $40,000; and above $40,000 requires $50,000. Total aggregate liability on the bond, including legal fees and other costs, can never exceed the bond amount.

The statute names the beneficiaries in order: the state first, for costs and charges connected with an escrow agent's insolvency or default — including examination and receivership costs — and then, once the state's claims are paid in full, any person with a claim based on a default or violation of the agent's duties. It is not insurance for you: if the surety pays, you repay the surety. An applicant may instead deposit assets with, or provide a letter of credit to, the commissioner in the amount of the minimum bond.

Utah Code § 7-22-105Section 7-22-105 (Bond required) provides that before furnishing any escrow services, each escrow agent shall file with the commissioner a surety bond on a schedule tied to monthly average escrow liability: up to $10,000 requires $10,000; $10,001 to $20,000 requires $20,000; $20,001 to $30,000 requires $30,000; $30,001 to $40,000 requires $40,000; above $40,000 requires $50,000. The bond names this state as beneficiary for costs and charges incurred in connection with an escrow agent's insolvency or default, and thereafter any person with a claim against the surety based on a default or violation of the agent's duties. Aggregate liability may not exceed the bond amount, and an applicant may deposit assets or provide a letter of credit in lieu of the bond.

You need this bond if you're

✓

Applying for an independent escrow agent license with the Utah Department of Financial Institutions

✓

Renewing through NMLS — the bond has to stay on file with the commissioner

✓

Crossing a schedule step — a higher monthly average escrow liability means a higher minimum bond

✓

Replacing a cancelled bond or the letter of credit you posted in lieu of one

After you buy

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; a longer term is the same price per year, chosen at checkout.

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 the commissioner. Your executed bond arrives by email, ready to file with the Department of Financial Institutions through NMLS. Wet-ink original mailed on request.

What sets the price

The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.

No credit check up to $10,000. Above that, the carrier may run a soft pull, which 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 issuing fields — business details, the bond amount your schedule calls for, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the Utah escrow agency bond?The premium is 1% of the bond amount, $100 minimum. The bond amount itself comes from the § 7-22-105 schedule — $10,000 up to $50,000, depending on your monthly average escrow liability. Your exact price appears at the application, before you pay.

Which bond amount do I file?Match your monthly average escrow liability to the statutory schedule: up to $10,000 requires a $10,000 bond, $10,001 to $20,000 requires $20,000, $20,001 to $30,000 requires $30,000, $30,001 to $40,000 requires $40,000, and above $40,000 requires $50,000.

Who is the obligee?You file the bond with the commissioner of the Utah Department of Financial Institutions. The statute names the state as the first beneficiary, for costs and charges tied to an escrow agent's insolvency or default, and then any person with a claim once the state has been paid in full.

Can I post something instead of a bond?Yes. Subsection (4) of § 7-22-105 lets an applicant deposit assets with, or provide a letter of credit to, the commissioner in the amount of the minimum surety bond, on the same conditions. Most agents would rather buy the bond than tie up the cash.

Is there a credit check?No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score. The rate stays 1% of the bond amount, $100 minimum, either way.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Utah bonds.

Nearby states

The same bond in nearby states.

Price and requirements checked on the carrier’s application, 8 October 2026. Page updated 15 October 2026.

File your escrow bond with the commissioner today.

1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

Start application