Each one has to apply with the department of fidelity bond are not listed in the type. This fidelity bond gives fidelity coverage to the officer, director, trustee and the employee to indemnify the escrow agent for the purpose of fraud or misappropriation. These bonds contain deductible. If the escrow agent should have a surety bond with the commissioner till the amount deductible. The amount deductible from the fidelity bond will be adjusted to the amount of the surety bond. This law requires a manager to posses a five year minimum escrow experience.
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