Virginia settlement agent bonds (law firm).
$2,000 flat.
A Virginia attorney or law firm acting as a real estate settlement agent must maintain a $200,000 surety bond under the Real Estate Settlement Agents Act (the former CRESPA), Code of Virginia § 55.1-1004(B). Ours is $2,000 flat — the premium set by our carrier's rate book for this bond, identical for every firm. Issued when you pay.
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How much does a Virginia settlement agent bond cost?
$2,000 at the $200,000 amount, the same for every applicant.
Three steps to registered.
Your settlement-agent registration is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Firm details, owner/principal information, and an effective date. That is the application — the only extra step is 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.
E-sign & register with the Virginia State Bar
Pay online and receive the executed $200,000 bond, ready to file with your settlement-agent registration. Attorney agents register with the Virginia State Bar; wet-ink originals mailed whenever required.
What it is and who needs it.
What the bond actually guarantees
Virginia's Real Estate Settlement Agents Act (Title 55.1, Chapter 10 — the former Consumer Real Estate Settlement Protection Act, or CRESPA) lets attorneys, title companies and agents, real estate brokers, and financial institutions provide escrow, closing, and settlement services for residential real estate transactions. Each settlement agent must register and maintain a surety bond of at least $200,000 under Code of Virginia § 55.1-1004(B).
This page is for the attorney / law-firm path. A licensed Virginia attorney or law firm acting as a settlement agent registers with the Virginia State Bar (rather than the State Corporation Commission's Bureau of Insurance, which handles title and other non-attorney agents). The $200,000 bond is one of the Act's core requirements either way.
The bond is a consumer-protection guarantee standing behind the funds you handle at closing — it protects parties to a settlement against an agent's errors, omissions, or fraud. It is not insurance for you: if the surety pays a claim, you repay the surety. The bond must stay in force for as long as you act as a settlement agent, so we track it and notify you 60 and 30 days out.
You need this bond if you're
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 $200,000 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
E-sign & register with the Virginia State Bar. Pay online and receive the executed $200,000 bond, ready to file with your settlement-agent registration. Attorney agents register with the Virginia State Bar; wet-ink originals mailed whenever required.
What sets the price
The premium is fixed at $2,000 at the $200,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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 Virginia bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Your settlement-agent registration is waiting on one document.
$2,000 flat, short application, bond issued when you pay. Free until issued.