Texas Credit Union Fidelity Bond Requirements (2026)
Texas credit unions answer to two fidelity bond rules, not one. The NCUA asset table under 12 CFR 713.5, plus what 7 TAC 91.510 adds if you're state-chartered.
Texas Receiver Bond
Receiver bonds for state & federal courts,
Receiver bonds for state & federal courts,
filed fast for Harris County.
Required of every court-appointed receiver in Texas under Civil Practice and Remedies Code §64.023 — and of federal receivers under Federal Rule of Civil Procedure 66. Premium typically 0.5%–1% of bond amount for well-qualified receivers.
- Commercial, divorce, and post-judgment receiverships
- State district courts and federal district courts
- Emergency / TRO bond placement
What it is
The bond a Texas court requires of every receiver.
A Texas receiver bond is a surety bond posted by a person appointed by a state or federal court to take custody of, preserve, and manage property that is the subject of litigation. It guarantees faithful performance of the receiver's duties under the court's appointment order.
The bond protects every party with an interest in the property — plaintiffs, defendants, creditors, and the court itself. If the receiver commits misconduct, fails to account, or negligently mismanages the property, the surety pays valid claims up to the bond amount and then seeks reimbursement from the receiver personally.
Receiver bonds remain in force for the duration of the receivership. Premium is billed annually (or pro-rated for short receiverships). The receivership estate typically reimburses the premium as an administrative expense.
What you pay
Premium scales with bond size and receiver credit.
Receiver bonds are individually underwritten. The surety reviews the court order, the nature of the receivership, and the receiver's credit.
| Property / bond size | Preferred rate | Standard rate |
|---|---|---|
| Under $250,000 Small receivership | $300–$500 (min premium) | $500–$800 |
| $250,000–$1,000,000 Typical commercial | 0.5% of bond | 0.75–1.0% of bond |
| $1,000,000–$5,000,000 Significant receivership | 0.4–0.5% of bond | 0.6–0.75% of bond |
| Over $5,000,000 Large receivership (tiered) | 0.3–0.4% of bond | 0.5–0.6% of bond |
Receivership estate typically reimburses premium. Short receiverships may receive pro-rated premiums.
How to get bonded
Five steps, coordinated with your attorney.
- 01
Court appoints receiver
Court enters appointment order and sets bond amount per CPRC §64.023.
- 02
Application & credit review
Receiver applies. Soft credit pull. Professional qualifications reviewed.
- 03
Surety approval
Surety reviews order and applicant. Standard cases approved in 1–2 business days.
- 04
Bond issuance
Bond issued on court-approved form and filed with the appointing court.
- 05
Term management
Annual renewal or pro-rated premium for short receiverships. Estate reimburses premium.
Legal requirements
Texas statute, issuing court, what the bond covers.
Statute
Texas Civil Practice and Remedies Code §64.023 requires every receiver to execute a bond before taking custody of property. Federal Rule of Civil Procedure 66 governs federal receivers.
Issuing court
The state or federal court that appointed the receiver. Harris County: the 11 state district courts and the federal Southern District of Texas.
Bond amount
Set by the court at the appointment hearing, adequate to protect the parties' interest in the property.
Term
Continuous through the receivership. Premium billed annually or pro-rated.
Who can claim
Any party to the litigation or other interested person harmed by the receiver's breach of duty.
Why Surety Bond Houston
Receivers need an agent who can move fast.
Emergency placement
Ex parte orders, TROs, and divorce receiverships often need same-day bond issuance. We handle these routinely.
Large-limit capacity
We place receiver bonds up to $10M+ through our network of A-rated sureties.
Harris County experience
We know the 11 state district courts and the federal Southern District filing workflow.
Related bonds
Other court-required bonds.
FAQ
Receiver bond questions we answer every week.
What is a Texas receiver bond?
A Texas receiver bond is a court-ordered surety bond posted by a person appointed by a state or federal court to take custody, preserve, and manage property that is the subject of litigation. The bond guarantees the receiver will act faithfully, account properly, and preserve the value of the property under receivership.
When is a Texas receiver appointed?
Texas Civil Practice and Remedies Code Chapter 64 authorizes receivership in several contexts — when property is in danger of being lost or materially injured, in foreclosure actions, in corporate dissolution, in divorce when community property is at risk, and post-judgment to satisfy creditors. Federal courts appoint receivers in securities enforcement, tax disputes, and complex commercial litigation.
How much does a Texas receiver bond cost?
Receiver bonds typically run 0.5%–1% of the bond amount per year for applicants with good credit. A $500,000 receiver bond commonly costs $2,500–$5,000 per year. For short receivership periods, sureties often pro-rate the premium. Credit-challenged applicants pay 1.5%–3%.
How does the court set the bond amount?
Under CPRC §64.023, the court sets the bond in an amount adequate to protect the parties — typically equal to the value of property under the receiver's control plus an allowance for operating income. The judge orders the bond at the hearing granting the receivership.
How fast can a receiver bond be issued?
For established receivers with clean credit, same-day to next-day issuance is common. Complex commercial receiverships with large bond amounts or specialized property may require 2–3 business days of surety review. We also issue emergency bonds for TROs and ex parte orders when needed.
Does the receiver personally pay the bond premium?
The receiver signs the bond, but the premium is a proper administrative expense of the receivership estate. The court typically authorizes payment from receivership funds. If the receivership has no immediate liquidity, the receiver may advance the premium and be reimbursed when funds become available.
Can I get a receiver bond if I'm a new appointee without prior receivership experience?
Yes. Many receivers are attorneys, accountants, or industry professionals appointed for the first time. Sureties evaluate personal credit, professional qualifications, and the scope of the specific receivership. Entry-level receivers typically pay the higher end of the preferred range; experienced receivers with a track record receive preferred pricing.
Ready when you are
Get your Texas receiver bond today.
Emergency placement available. Harris County and federal Southern District.