This bond is required for professionals who prepare property abstracts in South Dakota. An abstract is a summary of a property's legal history and ownership records. The state requires this bond to protect the public from financial losses if an abstracter makes errors, provides false information, or fails to follow pr…
Overview
What it is.
This bond is required for professionals who prepare property abstracts in South Dakota. An abstract is a summary of a property's legal history and ownership records. The state requires this bond to protect the public from financial losses if an abstracter makes errors, provides false information, or fails to follow pr…
Who usually needs it
Licensed abstracters, including individuals, partnerships, corporations, or other firms seeking to engage in or continue the business of abstracting titles to real property in South Dakota. The bond is required per county where abstracting occurs as part of the state licensure requirements administered by the South Dakota Abstracters Board of Examiners.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateSDBond amountVaries by license type or projectObligeeState of South DakotaBond classLicense BondCategoryProfessional ServicesBondSouth Dakota Abstracter BondJurisdictionStatePlain descriptionThis bond is required for professionals who prepare property abstracts in South Dakota. An abstract is a summary of a property's legal history and ownership records. The state requires this bond to protect the public fr…Who needs this bondLicensed abstracters, including individuals, partnerships, corporations, or other firms seeking to engage in or continue the business of abstracting titles to real property in South Dakota. The bond is required per coun…
