Virginia Title Settlement Agent Bond (CRESPA)

Bond for Virginia Real Estate Settlement Agents

BondAbility offers the required $200,000 Virginia Title Settlement Agent Bond (CRESPA) with quick processing, competitive pricing, and delivery of the original bond for filing.

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Why Do I Need a Virginia Title Settlement Agent Bond?

Under Virginia’s Consumer Real Estate Settlement Protection Act (CRESPA), any person who conducts real estate closings and handles funds—excluding the lender, buyer, seller, or borrower—must secure a $200,000 surety bond. This bond ensures compliance with applicable laws and protects clients and the public from financial loss due to misconduct or negligence.

Fast & Simple Bond Solutions

  • Competitive pricing starting at $1,000
  • Bond issued on the official state bond form
  • Original bond shipped to your business address for filing
  • Backed by A-rated surety companies
  • Friendly, knowledgeable support team

Bond Pricing

Bond Amount Term Buy Now
$200,000 1 Year $1,000+
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How To Get Registered as a Virginia Settlement Agent

  1. Complete a pre-licensing course and pass the Virginia Title Insurance exam.
  2. Get appointed with a title insurance company.
  3. Register online with the Virginia Bureau of Insurance.
  4. Submit the original $200,000 surety bond to the Virginia State Bar.

Bond Details at a Glance

  • Bond Name: Virginia Title Settlement Agent Bond (CRESPA)
  • Bond Amount: $200,000
  • Required By: Commonwealth of Virginia – Virginia State Bar
  • Obligee Address:
    Virginia State Bar
    1111 E Main St, Ste 700
    Richmond, VA 23219-0026
  • Price: Starts at $1,000
  • Renewal Term: 1 year

Frequently Asked Questions

Who is required to be registered as a Virginia Settlement Agent?

Anyone—other than the lender, buyer, seller, or borrower—who conducts closings and handles settlement funds must register and obtain a surety bond.

Do I need to submit the original bond?

Yes. We issue the bond on the official state form and ship the original to your business address so you can file it with the Virginia State Bar.

What happens if my bond is canceled?

Your registration will be terminated unless a replacement bond is submitted prior to the cancellation date.

Are attorneys exempt from registration?

Yes, attorneys admitted to the Virginia State Bar are exempt if they do not issue title insurance. If they do issue title insurance, they must be licensed and appointed.

Are annual audits required?

Yes. Most settlement agents are required to undergo an annual audit of their escrow accounts or allow their title insurance company to conduct an escrow analysis.

Helpful Resources for Virginia Settlement Agents

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