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Guardianship Bond

State of Oregon - Nursing Facility Resident Personal Funds Bond

This bond is required for nursing facilities in Oregon that handle personal money belonging to their residents. When a nursing home manages funds for the people living there—such as social security checks or personal savings—they must get this bond to protect that money. It guarantees that if the facility misuses or l…

Overview

What it is.

This bond is required for nursing facilities in Oregon that handle personal money belonging to their residents. When a nursing home manages funds for the people living there—such as social security checks or personal savings—they must get this bond to protect that money. It guarantees that if the facility misuses or l…

Who usually needs it

Licensees or operators of nursing homes, assisted-living facilities, independent-living facilities, and long-term care facilities in Oregon that hold, manage, or safeguard residents' personal funds upon written request, including petty cash and deposits over $50 in interest-bearing accounts. The bond is required for licensing and ongoing operation to ensure…

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.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

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Details

Bond details.

StateOR
Bond amountVaries by license type or project
ObligeeState of Oregon
Bond classGuardianship Bond
CategoryOther
BondState of Oregon - Nursing Facility Resident Personal Funds Bond
Plain descriptionThis bond is required for nursing facilities in Oregon that handle personal money belonging to their residents. When a nursing home manages funds for the people living there—such as social security checks or personal sa…
Who needs this bondLicensees or operators of nursing homes, assisted-living facilities, independent-living facilities, and long-term care facilities in Oregon that hold, manage, or safeguard residents' personal funds upon written request,…
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Next step

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