Lost Note Bond

Lost Note Bond

Also known as a lost instrument bond, a lost note bond is issued when a person misplaces a note in trust, such as a real estate trust note, stock certificate, or cashier’s check. There is no minimum or maximum bond amount for a lost note bond.

A lost trust note surety bond is required by banks or other financial institutions and is provided to the lender when the beneficiary cannot be located to file a reconveyance. Reconveyance is when the real estate title is transferred from the trustee back to the borrower when the secured debt is paid in full.

Lost note bonds are legally-binding contracts between three parties:

  • The obligee—is the government agency requiring the lost note bond
  • The principal—the agent or person purchasing the bond
  • The surety—the underwriter providing the lost note bond
  • A lost note bond is not an insurance policy. If the agent does not meet their contractual obligations, a claim may be filed against the bond. The agent is liable for their own contractual obligations and must repay the surety bond for any damages incurred.

    Start your Application:

    Step 1: Download

    Download and complete all application documents below.

    Step 2: Call us

    After finalizing your necessary documents, please call us so we can get you an instant quote.