Defective Tile Bond – Lost Title Bond

    What is a defective title bond? If the original proof of ownership of a motor vehicle or other piece of property is lost or defective, in order to transfer ownership legally, a defective title bond must be secured by the current owner. When the DMV / MVD refuses to register a vehicle due to a […]

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    Types of Surety Bonds – Contract Surety

    Contract Surety – What is a Contract Surety Bond? Bonds that the government or an owner of a construction project may require a contractor to obtain. There are three types of contract surety bonds: Bid bond – Affords protection to a project owner (obligee) in the event a successful bidder will not enter a contract […]

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    Types of Surety Bonds – Commercial Surety Bonds

    Commercial Surety Bonds A commercial surety bond is required of individuals, businesses, or other organizations by the government, legislation or by other entities.   License and permit bonds: required by state, municipal or federal ordinance or regulation. These bonds may be required as a condition for engaging in a particular business or exercising a particular […]

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    What is a Surety Bond?

    What is a surety bond? A Surety Bond is an agreement that is subject to the Bond Form. The surety bond is generally required for monetary compensation for failure to perform specified acts referenced in the bond form.  The term “bond form” is another way to say that type of bond that is required.  To obtain licenses or permits for many businesses, […]

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