A Surety Bond is required for Appraisal Management Companies (AMCs) by the Mississippi Real Estate Appraiser and Licensing Board, State of Mississippi. The surety bond is conditioned upon compliance and ethical business conduct for those having applied for registration as an Appraisal Management Company (AMC) in the State of Mississippi. The surety bond is required pursuant to Miss. Code Ann. §73-34-103(1)(a) and payable to the Administrator, Mississippi Real Estate Appraiser Licensing and Certification Board, State of Mississippi. The surety bond is issued for the use, benefit and indemnity of any person financially damaged as a result of the AMC’s breach of contract or or any violation of the law.
