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New York resident's personal funds trust bonds.
From $100.
The bond New York requires when your facility holds residents' personal funds in trust. It guarantees you safeguard and return each resident's money — premiums start at $100, issued instantly for most, no credit information collected, ready to file the same day you apply.
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Three steps. One sitting.
This bond is instant-issue — there is no underwriting queue to wait in. Here is the whole thing:
Apply online
Your facility details, an effective date, and the penal sum — the total resident personal funds you hold in trust. That is the entire application.
Issued on the spot
The application collects no credit information, and for most applicants there is no waiting — the executed bond is generated as soon as you pay.
File with the DOH
Keep the executed bond on file for your residential health care facility licensure. Wet-ink originals mailed whenever the Department of Health insists on them.
What it is and who needs it.
What the resident funds bond actually covers
When a New York nursing home or residential health care facility holds a resident's personal funds — the spending money or trust account a facility keeps on a resident's behalf — it must protect that money with a surety bond. The bond guarantees the facility safeguards, accounts for, and returns each resident's funds.
The requirement runs through the Public Health Law and 10 NYCRR § 415.26, which directs the facility to purchase a surety bond (or provide equivalent security) to assure the security of all resident personal funds it deposits or holds. Adult care facilities carry a parallel obligation under their own regulations.
Because the bond is statutory and the obligation is straightforward, it is instant-issue for most applicants: no financial statements, no credit section, no underwriter queue. You apply, pay a premium starting at $100, and have the executed bond the same day.
You need this bond if you are
One application, issued on the spot.
Submit the application with the resident funds you hold as the penal sum — the executed bond is generated instantly, ready to keep on file.
Start the application →Common questions.
Other New York bonds.
Resident funds bond, issued today.
Instant issue for most, premiums from $100. Keep it on file the same day you apply.