If  S 1351 passes Appraisal Management Companies will be required to register a $50,000 Surety Bond. The details for the Appraisal bond would be determined by regulations. Status: 3/1/10 – In Senate; in Rules, proper for consideration amended

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.