Texas Escrow Officers Schedule Bond is a surety bond required by the Texas Department of Savings and Mortgage Lending. It provides a guarantee that an escrow officer will faithfully and honestly perform all duties and obligations according to the rules set forth by the department. The bond also acts as a form of financial protection for customers and other associated parties should the escrow officer act in bad faith or breach their duties and obligations. There are three types of Texas Escrow Officers Schedule Bond: Single Transaction Bond, Multi-Transaction Bond, and Blanket Bond. A Single Transaction Bond is a bond issued for a specific transaction and is generally only valid for a certain amount of time. A Multi-Transaction Bond is a bond issued for multiple transactions and is valid for a specific amount of time. Finally, a Blanket Bond is a bond issued for all transactions handled by the escrow officer and is valid until canceled.