# C.R.S. § 12-10-609: 12-10-609. Bond required

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-609

## Section

- **Citation:** C.R.S. § 12-10-609
- **Heading:** 12-10-609. Bond required
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 12 / Article 10 / Part 6 / Section 12-10-609

## Text

12-10-609. Bond required. (1) Before the board issues a license to an applicant for an appraisal management company license, the applicant shall post with the board a surety bond in the amount of twenty-five thousand dollars. A licensed appraisal management company shall maintain the required bond at all times.

(2) The surety bond shall require the surety to provide notice to the board within thirty days if payment is made from the surety bond or if the bond is canceled.

## Nearby sections

- [C.R.S. § 12-10-601 12-10-601. Legislative declaration](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-601.md)
- [C.R.S. § 12-10-602 12-10-602. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-602.md)
- [C.R.S. § 12-10-603 12-10-603. Board of real estate appraisers - creation - compensation - immunity - legislati](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-603.md)
- [C.R.S. § 12-10-604 12-10-604. Powers and duties of the board - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-604.md)
- [C.R.S. § 12-10-605 12-10-605. Fees, penalties, and fines collected under part 6](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-605.md)
- [C.R.S. § 12-10-606 12-10-606. Qualifications for licensing and certification of appraisers - continuing educat](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-606.md)
- [C.R.S. § 12-10-607 12-10-607. Appraisal management companies - application for license - exemptions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-607.md)
- [C.R.S. § 12-10-608 12-10-608. Errors and omissions insurance - duties of the division - certificate of coverag](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-608.md)
- [C.R.S. § 12-10-609 12-10-609. Bond required](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-609.md)
- [C.R.S. § 12-10-610 12-10-610. Expiration of licenses - renewal - penalties - fees - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-610.md)
- [C.R.S. § 12-10-611 12-10-611. Licensure or certification by endorsement - temporary practice](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-611.md)
- [C.R.S. § 12-10-612 12-10-612. Denial of license or certificate - renewal - definition](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-612.md)
- [C.R.S. § 12-10-613 12-10-613. Prohibited activities - grounds for disciplinary actions - procedures](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-613.md)
- [C.R.S. § 12-10-614 12-10-614. Appraisal management companies - prohibited activities - grounds for disciplinar](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-614.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P6_S12-10-609. Check the current official text before relying on it. Not legal advice.