A North Dakota Nursing Home Patient Trust Bond protects residents' personal funds held by nursing homes. Nursing homes that manage money on behalf of their patients must get this bond. It's required by the State of North Dakota to ensure that if a nursing home misuses or loses a resident's money, the resident can be r…
Overview
What it is.
A North Dakota Nursing Home Patient Trust Bond protects residents' personal funds held by nursing homes. Nursing homes that manage money on behalf of their patients must get this bond. It's required by the State of North Dakota to ensure that if a nursing home misuses or loses a resident's money, the resident can be r…
Who usually needs it
Nursing facilities in North Dakota, including nursing homes, assisted living facilities, and long-term care facilities that manage and hold personal funds deposited by residents in trust accounts, are required to obtain this bond as part of state licensing requirements to ensure faithful safeguarding and ethical management of resident trust funds.
Pricing & timing
What to expect.
Generic pricing
Guardianship bonds protect the interests of minors or incapacitated persons under court-appointed guardianship. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Set by the court based on the ward's assets. • What affects pricing: Asset value, type of guardianship, credit and financial strength. • Collateral: May be required depending on asset value. • Ongoing requirement: Many guardianship bond…
Typical timeframe
Probate/fiduciary application — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNDBond amountVaries by license type or projectObligeeState of North DakotaBond classGuardianship BondCategoryHealthcareBondNorth Dakota Nursing Home Patient Trust BondJurisdictionStatePlain descriptionA North Dakota Nursing Home Patient Trust Bond protects residents' personal funds held by nursing homes. Nursing homes that manage money on behalf of their patients must get this bond. It's required by the State of Nort…Who needs this bondNursing facilities in North Dakota, including nursing homes, assisted living facilities, and long-term care facilities that manage and hold personal funds deposited by residents in trust accounts, are required to obtain…