New Surety Bond required for appraisers for the state of Arkansas. The surety bond amount is set at $20,000. Under the terms of A.C.A 17-14-406 (b) et seq, every Appraisal Management company described in those statues must obtain bonding. The surety bond form has a 60 day cancellation clause and a aggregate limit, if you review the state statue. The obligee is the Arkansas Appraiser Licensing and certification Board.
Tags: Appraisal bond, surety bond
