Utah Appraisal Management Company Bond
Overview
Utah backs its appraisal management company registration with a statutory surety bond, and the lapse rule has real teeth. Under Utah Code section 61-2e-204, an AMC registering with the Division of Real Estate must obtain and maintain a surety bond of at least $25,000 as a condition of registration. The statute goes further than most: if the bond lapses, the AMC's registration is automatically suspended until compliant coverage is restored. For companies coordinating appraisals in Utah's mortgage market, the bond is not a formality — it is the switch that keeps the registration turned on.
Who Needs This Bond?
Appraisal management companies registering with the Utah Division of Real Estate — firms that act as intermediaries between lenders and licensed appraisers, managing appraisal panels and assigning residential appraisal orders. Both Utah-based AMCs and out-of-state companies seeking to operate in Utah register under Chapter 2e of Title 61, and each maintains the section 61-2e-204 bond throughout its registration.
What is this Bond For?
The bond protects the parties an AMC deals with — most notably the appraisers who complete assignments and await payment, and consumers affected by the AMC's conduct. It gives harmed parties a funded remedy when an AMC violates the obligations Utah's appraisal management statute imposes, and it gives the Division a compliance lever: the automatic suspension rule means an AMC cannot quietly operate without the financial protection the legislature required.
When is it Required?
At registration and every day thereafter. The bond must be in place when the AMC registers with the Division of Real Estate and must be maintained continuously — under section 61-2e-204, a lapse in the bond results in automatic suspension of the registration until the bond is reinstated. Companies should calendar their bond renewal well ahead of expiration, because the consequence of a gap is immediate.
Where Does it Apply?
Statewide. The requirement comes from the Utah Code and is administered by the Division of Real Estate within the Utah Department of Commerce, so it governs AMC activity throughout Utah regardless of where the company is headquartered. One registration, one bond, covering the company's Utah operations.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab. Complete the application with your company's registration details, pay online, and your executed Utah AMC bond — at the statutory minimum of $25,000 or the amount your registration requires — comes back ready to file with the Division of Real Estate.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, a licensed surety agency. Utah's automatic-suspension rule makes bond continuity unusually important, and the statute behind it is linked in the Official Sources section so you can verify the requirement directly — then keep your coverage seamless with a fully online purchase.
Official Sources
The requirements described on this page are verified against the official sources below.
- AMC registration requires a surety bond of at least $25,000; a lapse in the bond results in automatic suspension of the registration until compliance is restored: Utah Code §61-2e-204 (verified July 16, 2026)