California Lost Note and Trust Deed Bond

Bond Details

CA Lost Note & Trust Deed Bond – Liability Varies – 1.5% premium per year

Overview

A lost note and trust deed bond is required of individuals who are looking to refinance, sell, or transfer their property and are missing the original documents to complete the transaction. Required by title companies and lenders, the California lost note bond protects the obligee from financial loss should the original note or trust deed is found.

Principal: Homeowner (you)
Obligee: Financial institution
Surety: NNA Surety
Bond Amount: Varies
Bond Cost: 1.5% of bond amount
Bond Term: 1 year

Cost of a California Lost Note/Trust Deed Bond

This bond costs 1.5% of the bond amount, paid for a one-year term. For example, a $100,000 bond costs $1,500 a year, while a $150,000 bond costs $2,250 a year.

Difference Between a Lost Note and Deed of Trust

A promissory note and a deed of trust serve as key documents in real estate transactions. A promissory note is an agreement that you (borrower) promise to repay the loan while the deed of trust is a document that secures the loan with real estate as collateral.

When either of these documents is lost, misplaced, or destroyed, the title company or lender that issued you the loan may require you to secure a surety bond to proceed with the transaction.

Get Your Lost Note/Trust Deed Bond Today

You can get a California lost note and trust deed bond from NNA Surety. Call us at 855-575-1063 or complete our form to get bonded today.