Skip Navigation

Texas Nursing Facility Resident Trust Fund Bond - State Bond

Texas Nursing Facility Resident Trust Fund Bond - State Bond

www.suretybondsdirect.com/surety-bond/nursing-facility-resident-trust-fund-bond-state-bond/tx

Get Your Free Quote

Who Requires the Nursing Facility Resident Trust Fund Bond - State Bond and Why Is It Needed?

A Resident Fund Surety Bond (Form 3698) is required by the Texas Department of Aging and Disability Services for facilities or other entities contracted to provide Medicaid Nursing Facility Services in Texas. The purpose of the surety bond is to make sure the security of all personal funds of residents deposited with and entrusted to the bonded entity operating a nursing facility as defined in Chapter 242 of the Texas Health and Safety Code. The surety bond is conditioned upon the principal holding separately and in trust all residents' funds deposited, administering funds on behalf of residents as directed by 42 U.S.C.A. §1396r(c)(6) and 40 TAC Chapter 19, maintaining accurate and complete accounts to the residents, the depositors and the Department of Aging and Disability Services when requested, and returning the full balance to the resident or other responsible party representing such resident in accordance with 40 TAC Chapter 19.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Texas Nursing Facility Resident Trust Fund Bond - State Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




List of Texas surety bonds.

BBB A+ Rating
SSL site seal - click to verify