VA Fiduciary Bond
What is a VA Fiduciary Bond?
A VA Fiduciary Bond is a type of Commercial bond that ensures that fiduciaries manage the finances of veterans deemed incapable of handling their affairs responsibly.
Protects veterans from mismanagement or misuse of their funds by appointed fiduciaries.
Required by the Department of Veterans Affairs to ensure proper financial management for veterans.
Fiduciary’s personal information, credit history, bond amount, and veteran’s information.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
