SD appraisal management bonds.
$250 flat.

South Dakota requires every appraisal management company to file a $25,000 surety bond to register, under SDCL 36-21D-12. Ours is $250 flat — set by our carrier’s rate book, identical for every AMC. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Required to register your AMC with the Department of Labor & Regulation, Appraiser Certification Program

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Fixed amount, fixed price — $25,000 bond, $250, no quote process

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No credit section in the application — fixed-amount registration bonds like this typically don’t carry one

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How it works

Three steps. One sitting.

Registration bonds like this are simple. Here’s the entire process:

NOW · ONLINE

Apply online

Company details and an effective date. That’s the application — no financials and no credit section.

MINUTES, USUALLY

Pay & e-sign

Registration bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with the Department of Labor & Regulation

Your executed bond arrives by email, ready to file with your AMC registration or renewal at the Appraiser Certification Program. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the AMC bond actually guarantees

South Dakota registers appraisal management companies through the Department of Labor & Regulation’s Appraiser Certification Program, and conditions registration on a $25,000 surety bond under SDCL 36-21D-12. The bond is an appraiser-and-public-protection guarantee.

Specifically, the bond backs the AMC’s obligation to pay the appraisers who perform work for it, and to pay amounts adjudged against it for a negligent or improper appraisal, a negligent or improper appraisal management service, or breach of contract. If the AMC fails and an appraiser or harmed party recovers against the bond, you repay the surety.

The $25,000 must stay continuously on file. If the bond is cancelled or reduced below $25,000, the company must file a replacement or surrender its registration — so we track it and notify you 60 and 30 days out to keep your filing continuous. An irrevocable letter of credit is an accepted alternative under the statute, but a surety bond is usually far cheaper.

SDCL 36-21D-12South Dakota Codified Law 36-21D-12 requires an applicant for issuance or renewal of an appraisal management company registration to file a $25,000 surety bond (or an irrevocable letter of credit) with the Department of Labor & Regulation. The bond secures payment to appraisers and amounts adjudged for negligent or improper appraisal or management services, and must be continuously maintained at $25,000.

You need this bond if you’re

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Registering a new AMC to do business in South Dakota

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Renewing your AMC registration with the Department of Labor & Regulation

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An out-of-state AMC expanding into South Dakota

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Replacing a cancelled bond to keep your registration in good standing

One application, issued instantly.

These are the actual issuing fields — no credit section, because this bond doesn’t have one.

Start the application →

FAQ

Common questions.

How much is the South Dakota AMC bond?The premium is $250 flat, set by our carrier’s rate book for the fixed $25,000 bond amount, the same for every AMC. The $25,000 is set by statute, so there’s no quote process.

Do I pay the $25,000?No. You pay $250. The $25,000 is the surety’s maximum liability if a valid claim is made against the bond — it’s not a deposit, and nobody holds your money.

Can I post a letter of credit instead?SDCL 36-21D-12 accepts a $25,000 irrevocable letter of credit as an alternative. Most AMCs choose the surety bond — you pay the $250 premium rather than tying up $25,000 of bank collateral.

Is there a credit check?The application collects no credit information — there’s no credit section at all. Most AMC applications approve instantly; on the rare bond where a check runs, it’s a soft pull that won’t touch your score.

What happens if the bond lapses?If the bond is cancelled or reduced below $25,000, the statute requires you to file a replacement or surrender your registration. We send renewal notices 60 and 30 days out, with autopay available, so your registration stays continuous.

Related bonds

Other South Dakota bonds.

Finish your AMC registration today.

$250 flat, no credit review, bond often issued in the same sitting. Free until issued.

Start application

Your price$250

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