Surety Bond for Escrow Agency - Idaho

This "Surety Bond for Escrow Agency" is a part of the paperwork released by the Idaho Department of Finance specifically for Idaho residents.

The latest fillable version of the document was released on March 1, 2018 and can be downloaded through the link below or found through the department's forms library.

ADVERTISEMENT
STATE OF IDAHO
Bond No.:
DEPARTMENT OF FINANCE
Securities Bureau
Effective Date:
800 Park Blvd., Ste. 200, Boise, ID 83712
P.O. Box 83720
Boise, ID 83720-0031
(208) 332-8004
SURETY BOND FOR ESCROW AGENCY
KNOW ALL MEN BY THESE PRESENTS, that, pursuant to the requirements of Idaho Code § 30-909(3), we,
_______________________________________________________________________________, as Principal,
and ___________________________________________________________________________, a corporation
duly incorporated under the laws of the state of ________________________, and authorized to do business
in the state of Idaho, as Surety, are held and firmly bound unto the State of Idaho in the penal sum of
$________________, for the payment of which we hereby bind ourselves, our and each of our heirs, assigns,
executors and administrators, jointly and severally, firmly by these presents.
In the event that the Principal or any employee or agent of the Principal fails to faithfully conform to and
abide by the requirements of the “Idaho Escrow Act,” Idaho Code § 30-901, et seq., and any rule or order
promulgated or issued thereunder, and has damaged or caused loss to any person by any such act or
omission, then the bond shall be forfeited and paid by the Surety to all persons who suffer loss or damage
by such act or omission or to the State of Idaho for the benefit of any person suffering such loss or damage,
and/or paid to the State of Idaho for costs incurred or charges made in connection with any escrow agency’s
insolvency or default.
This bond shall be a continuing obligation of the Surety. The Surety's liability under this bond for any claim
that is made thereunder, either individually or in the aggregate, shall in no event exceed the penal amount
of the bond issued.
PROVIDED, FURTHER, that the Surety may cancel this bond as an entirety by giving thirty (30) days’ written
notice by registered mail to the Idaho Department of Finance at Boise, Idaho and to the Principal hereunder.
In case of such cancellation by the Surety, no further obligation shall be incurred under this bond after the
expiration of said thirty (30) days, but the liability of the Principal and Surety shall apply as above set out as
to any acts or omissions which may have occurred prior to the effective date of such cancellation.
(COMPANY NAME OF PRINCIPAL)
(AUTHORIZED SIGNATURE AND TITLE)
Date
(NAME OF SURETY COMPANY)
(SIGNATURE OF OFFICER OF SURETY COMPANY)
Date
(TITLE OF SURETY COMPANY OFFICER)
(Effective Date of Form: 3/18)
STATE OF IDAHO
Bond No.:
DEPARTMENT OF FINANCE
Securities Bureau
Effective Date:
800 Park Blvd., Ste. 200, Boise, ID 83712
P.O. Box 83720
Boise, ID 83720-0031
(208) 332-8004
SURETY BOND FOR ESCROW AGENCY
KNOW ALL MEN BY THESE PRESENTS, that, pursuant to the requirements of Idaho Code § 30-909(3), we,
_______________________________________________________________________________, as Principal,
and ___________________________________________________________________________, a corporation
duly incorporated under the laws of the state of ________________________, and authorized to do business
in the state of Idaho, as Surety, are held and firmly bound unto the State of Idaho in the penal sum of
$________________, for the payment of which we hereby bind ourselves, our and each of our heirs, assigns,
executors and administrators, jointly and severally, firmly by these presents.
In the event that the Principal or any employee or agent of the Principal fails to faithfully conform to and
abide by the requirements of the “Idaho Escrow Act,” Idaho Code § 30-901, et seq., and any rule or order
promulgated or issued thereunder, and has damaged or caused loss to any person by any such act or
omission, then the bond shall be forfeited and paid by the Surety to all persons who suffer loss or damage
by such act or omission or to the State of Idaho for the benefit of any person suffering such loss or damage,
and/or paid to the State of Idaho for costs incurred or charges made in connection with any escrow agency’s
insolvency or default.
This bond shall be a continuing obligation of the Surety. The Surety's liability under this bond for any claim
that is made thereunder, either individually or in the aggregate, shall in no event exceed the penal amount
of the bond issued.
PROVIDED, FURTHER, that the Surety may cancel this bond as an entirety by giving thirty (30) days’ written
notice by registered mail to the Idaho Department of Finance at Boise, Idaho and to the Principal hereunder.
In case of such cancellation by the Surety, no further obligation shall be incurred under this bond after the
expiration of said thirty (30) days, but the liability of the Principal and Surety shall apply as above set out as
to any acts or omissions which may have occurred prior to the effective date of such cancellation.
(COMPANY NAME OF PRINCIPAL)
(AUTHORIZED SIGNATURE AND TITLE)
Date
(NAME OF SURETY COMPANY)
(SIGNATURE OF OFFICER OF SURETY COMPANY)
Date
(TITLE OF SURETY COMPANY OFFICER)
(Effective Date of Form: 3/18)

Download Surety Bond for Escrow Agency - Idaho

741 times
Rate
4.5(4.5 / 5) 44 votes
ADVERTISEMENT