DETERMINING YOUR NORTH CAROLINA BOND TYPE
Looking for fast and easy bonding solutions in North Carolina? American Surety Bonds offers a wide range of North Carolina surety bonds that can help you meet your bonding requirements quickly and efficiently. Our bonding experts will guide you through the entire process, making sure you get the right bond for your needs. From construction bonds to license and permit bonds, we have you covered. With our streamlined application process and competitive rates, getting bonded in North Carolina has never been easier. Contact us today to learn more about our North Carolina surety bonds and how we can help you secure the bonding you need.
An Administrator Bond is a type of surety bond required for individuals appointed as administrators of estates. It guarantees that the administrator will perform their duties in accordance with state laws and regulations, faithfully manage the assets of the estate, and pay any debts or taxes owed by the estate.
An Airline Reporting Corporation (ARC) Bond is a type of surety bond required by the Airlines Reporting Corporation for travel agencies that wish to issue airline tickets on behalf of airlines. It guarantees that the agency will adhere to ARC’s rules and regulations, accurately report and pay for all tickets issued, and protect the interests of the airlines.
A North Carolina Alcoholic Beverage Wholesalers or Importers Tax Bond is a required bond for wholesalers and importers of alcoholic beverages in the state. This bond ensures compliance with tax obligations related to the distribution and importation of alcoholic beverages. It guarantees the payment of taxes owed to the state and promotes responsible business practices within the industry.
An Appeal/Supersedeas Bond is a type of surety bond that allows a judgment debtor to stay enforcement of a judgment while an appeal is pending. It guarantees payment of the judgment and associated costs if the appeal is unsuccessful. The bond protects the judgment creditor and ensures that they are not left empty-handed if the appeal fails.
A North Carolina Appraisal Management Company Bond is a requirement for appraisal management companies operating in the state. This bond provides financial protection to clients and ensures that the company complies with state regulations. It guarantees the fulfillment of contractual obligations, ethical practices, and proper handling of funds during the appraisal process.
A Bid Bond is a type of surety bond that guarantees that a bidder will enter into a contract if they are awarded the bid. It provides financial protection to the project owner if the bidder fails to honor their bid or withdraws from the bidding process. The bond ensures that the owner will be compensated for any costs associated with finding a replacement bidder.
A North Carolina Boxing & Mixed Martial Arts Promoter Bond is a required bond for promoters organizing boxing and mixed martial arts events in the state. This bond safeguards the rights of participants, ensures adherence to regulations, and provides financial protection. It guarantees the fulfillment of contractual obligations, including payments to fighters and adherence to event guidelines.
Business Opportunity Bond
A North Carolina Business Opportunity Bond is a type of bond required for individuals or entities that engage in business opportunity sales in the state. This bond serves as a financial guarantee that the business opportunity seller will fulfill their contractual obligations, provide accurate and truthful information, and comply with applicable laws and regulations. It provides protection to consumers by ensuring fair and transparent business practices.
A North Carolina Certificate of Title Bond is a bond required when the original certificate of title for a vehicle is lost, stolen, or damaged. This bond serves as a guarantee that the person applying for a new title is the rightful owner of the vehicle and will indemnify any losses incurred due to any competing claims or disputes.
A North Carolina Collection Agency Bond is a type of surety bond required for collection agencies operating within the state. It ensures that the agency will adhere to state laws and regulations while conducting debt collection activities. The bond provides financial protection to clients and debtors, ensuring ethical practices and proper handling of funds during the collection process.
Commercial Driver Training School Bond
A North Carolina Commercial Driver Training School Bond is a requirement for schools providing commercial driver training in the state. This bond ensures compliance with state laws and regulations, including proper training, licensing, and safety standards. It provides financial protection to students and the public, guaranteeing the school’s adherence to ethical practices and fulfilling contractual obligations.
A Conservator/Guardian of a Minor Bond is a type of surety bond required for individuals appointed as conservators or guardians of minors. It guarantees that the appointed person will manage the minor’s estate responsibly, comply with state laws and regulations, and act in the best interest of the minor. The bond protects the minor’s assets and interests.
A Conservator/Guardian of an Incapacitated Adult Bond is a type of surety bond required for individuals appointed as conservators or guardians of adults who are unable to manage their affairs due to incapacity. It guarantees that the appointed person will manage the adult’s estate responsibly, comply with state laws and regulations, and act in the best interest of the adult. The bond protects the adult’s assets and interests.
A North Carolina Contractor License & Permit Bond is a type of surety bond required for contractors to obtain a license or permit to operate in North Carolina. It guarantees that the contractor will comply with all state laws and regulations, pay subcontractors and suppliers, and complete the project according to the contract. The bond protects the state, project owner, and subcontractors.
Cosmetic Arts School Guaranty Bond
A North Carolina Cosmetic Art School Guaranty Bond is a bond required for cosmetic art schools operating in the state. This bond serves as a financial guarantee that the school will fulfill its contractual obligations, including providing proper education and training to students. It provides protection to students and ensures compliance with state regulations within the cosmetic art industry.
Dishonesty/ Business Services Bond
A Dishonesty/Business Services Bond is a type of surety bond that protects businesses from financial losses resulting from fraudulent or dishonest acts committed by employees. The bond guarantees that the employer will be compensated for any losses resulting from employee theft or fraud. The bond provides financial security to businesses and protects against employee misconduct.
A DMEPOS Bond is a type of surety bond required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies to Medicare beneficiaries. It guarantees that the supplier will comply with all Medicare rules and regulations, bill accurately, and repay any overpayments. The bond protects Medicare and ensures that suppliers follow all applicable laws and regulations.
A DOT Right-of-Way Bond is a type of surety bond required by the Department of Transportation (DOT) to provide financial security for the acquisition of property for public transportation projects. It guarantees that the acquiring agency will compensate property owners for any damages, including fair market value and relocation costs. The bond protects property owners from financial losses resulting from DOT acquisitions.
An Environmental Bond is a type of surety bond required for businesses engaged in environmentally sensitive operations, such as waste management, hazardous material handling, or pollution control. It guarantees that the business will comply with all applicable environmental laws and regulations, maintain and restore the environment, and pay for any damages resulting from environmental harm caused by their operations. The bond protects the public and the environment.
ERISA Bond
An ERISA Bond is a type of surety bond required for businesses that manage employee benefit plans regulated under the Employee Retirement Income Security Act (ERISA). It guarantees that the plan fiduciary will act in accordance with ERISA regulations, manage the plan in the best interest of its participants, and protect the plan’s assets from loss due to fraudulent or dishonest acts. The bond protects plan participants from financial loss resulting from fiduciary misconduct.
A Fast Track Bond is a generic term that refers to bid bonds, supply bonds, maintenance bonds and payment & performance bonds are underwritten using the Fast Track application process. The Fast Track application process is for bids and contracts under $250,000 and relies heavily on the owner’s personal credit history.
Home Inspector License Bond
A North Carolina Home Inspector License Bond is a bond required for licensed home inspectors in the state. This bond provides financial protection to clients by guaranteeing that the home inspector will perform inspections in accordance with state regulations and industry standards. It ensures ethical practices and provides recourse in case of negligence or misconduct.
Invention Developer Bond
A North Carolina Invention Developer Bond is a bond required for individuals or companies engaged in invention development services within the state. This bond serves as a financial guarantee that the developer will fulfill their contractual obligations, adhere to state laws and regulations, and act in the best interest of their clients. It provides protection to inventors and ensures ethical practices in the invention development process.
Investment Advisor’s Bond
A North Carolina Investment Advisor’s Bond is a bond required for individuals or firms operating as investment advisors in the state. This bond provides financial protection to clients by guaranteeing that the advisor will adhere to applicable laws and regulations, act in the client’s best interest, and handle funds responsibly. It ensures ethical practices and offers recourse in case of misconduct or negligence.
A North Carolina Landscape Contractor License Bond is a bond required for licensed landscape contractors in the state. This bond provides financial protection to clients by ensuring that the contractor will perform their services in compliance with state regulations and industry standards. It guarantees the completion of contracted work and compensates for any damages or losses incurred.
A License & Permit Bond is a type of surety bond required by the state of North Carolina for businesses and professionals to obtain various licenses and permits. This bond guarantees that the bonded party will comply with all relevant laws and regulations, and pay any fines or damages resulting from non-compliance.
Loan Broker Bond
A North Carolina Loan Broker Bond is a bond required for loan brokers operating within the state. This bond provides financial protection to borrowers by guaranteeing that the broker will conduct business ethically, adhere to state regulations, and handle funds responsibly. It ensures the fulfillment of contractual obligations and provides recourse in case of fraudulent or deceptive practices.
A Lost Instrument Bond is a type of surety bond required to replace a financial instrument that has been lost, stolen, or destroyed. It guarantees that the bondholder will indemnify the issuer against any loss or damage resulting from the replacement of the lost instrument. The bond protects the issuer from financial loss.
A North Carolina Lottery Bond is a bond required for entities involved in lottery sales and operations within the state. This bond provides financial protection to the state and participants by ensuring that the lottery operator will comply with all applicable laws and regulations, handle funds appropriately, and fulfill their contractual obligations.
A Maintenance Bond is a type of surety bond that guarantees the quality of work performed by a contractor or builder. It ensures that the work will be free from defects for a specified period of time after completion, typically one or two years. If defects are discovered during this period, the bondholder can make a claim against the bond for the cost of repairs. The bond protects the owner from financial loss.
A North Carolina Manufactured Housing Dealers Bond is a bond required for dealers engaged in the sale of manufactured homes in the state. This bond provides financial protection to consumers by guaranteeing that the dealer will comply with state regulations, deliver homes as promised, and handle funds appropriately. It ensures fair and ethical business practices within the manufactured housing industry.
A North Carolina Money Transmitter Bond is a bond required for businesses engaged in money transmission services within the state. This bond provides financial protection to consumers by guaranteeing that the money transmitter will comply with state regulations, safeguard customer funds, and fulfill their contractual obligations. It ensures secure and trustworthy money transfer services.
A North Carolina Mortgage Broker, Lender & Servicer Bond is a bond required for individuals or companies engaged in mortgage brokerage, lending, or servicing activities in the state. This bond provides financial protection to borrowers by ensuring that the broker, lender, or servicer will adhere to state regulations, act in the best interest of the borrower, and handle funds responsibly. It guarantees ethical practices and offers recourse in case of misconduct or negligence.
Motor Club Bond
A North Carolina Motor Club Bond is a bond required for motor clubs operating in the state. This bond provides financial protection to club members by guaranteeing that the motor club will fulfill its contractual obligations, including providing roadside assistance and other services. It ensures compliance with state regulations and promotes responsible business practices within the motor club industry.
Motor Fuel & Alternative Fuel Bond
A North Carolina Motor Fuel & Alternative Fuel Bond is a bond required for businesses engaged in the distribution or sale of motor fuel or alternative fuel in the state. This bond ensures compliance with state regulations, including proper reporting and payment of fuel taxes. It provides financial protection to the state and guarantees the fulfillment of tax obligations by the fuel distributor or seller.
A North Carolina Motor Vehicle Dealer Bond is a bond required for individuals or businesses engaged in the sale of motor vehicles in the state. This bond provides financial protection to customers by guaranteeing that the dealer will comply with state laws, handle funds appropriately, and fulfill their contractual obligations. It ensures ethical practices and offers recourse in case of fraudulent or deceptive activities.
A Payment and Performance Bond is a type of surety bond that guarantees a contractor’s ability to perform a construction contract and pay subcontractors, laborers, and suppliers. The bond is issued to the owner of the project and protects them in the event that the contractor fails to fulfill their obligations. If the contractor defaults, the bondholder can make a claim against the bond for the cost of completion or payment of subcontractors.
Premium Finance Company Bond
A North Carolina Premium Finance Company Bond is a bond required for companies engaged in premium financing services in the state. This bond provides financial protection to insured individuals by guaranteeing that the premium finance company will comply with state regulations, handle funds responsibly, and fulfill their contractual obligations. It ensures secure and reliable premium financing services.
Preneed Establishment License Bond
A North Carolina Preneed Establishment License Bond is a bond required for establishments involved in preneed funeral and burial services within the state. This bond provides financial protection to consumers by ensuring that the establishment will fulfill its contractual obligations, handle funds appropriately, and comply with state regulations. It guarantees ethical practices and offers recourse in case of misconduct or negligence.
Private Personnel Service Bond
A North Carolina Private Personnel Service Bond is a bond required for private personnel service agencies operating in the state. This bond provides financial protection to clients by guaranteeing that the agency will fulfill its contractual obligations, adhere to state regulations, and handle funds responsibly. It ensures ethical practices and offers recourse in case of misconduct or negligence.
A Probate Bond is a type of court bond that is required when someone is appointed as the executor or administrator of an estate. The bond ensures that the executor or administrator will manage the estate’s assets honestly and responsibly, pay all debts and taxes owed by the estate, and distribute the remaining assets to the heirs according to the terms of the will or the law. The bond protects the beneficiaries of the estate from any mismanagement or misconduct.
A Release of Lien Bond is a type of surety bond that guarantees payment of a mechanic’s lien. It allows a property owner to have a lien released from their property before payment is made, with the bond acting as a form of collateral in the event that the lien is later found to be valid. The bond ensures that the property owner is protected from financial loss if the lien is successfully challenged in court.
A Replevin Bond is a type of surety bond that guarantees the return of property to its rightful owner. The bond is typically required when a person seeks a court order to seize property that is believed to belong to them but is currently being held by someone else. If the court orders the return of the property, the bond ensures that the person holding the property is compensated if the order is later found to be invalid.
A Special Needs Trust Bond is a type of court bond required for the appointment of a trustee to manage a special needs trust. This bond ensures that the trustee will handle the trust assets in accordance with the law and the terms of the trust and protect the interests of the beneficiaries.
A Supply Bond is a contract performance bond that guarantees that a supplier will provide the goods or materials as agreed upon in the contract. It provides assurance to the project owner that the supplier will deliver the goods in a timely and satisfactory manner. In the event that the supplier fails to deliver, the bond amount may be used to compensate the project owner for any resulting losses or expenses.
A North Carolina Telephonic Seller Bond is a bond required for businesses engaged in telemarketing or telephonic sales within the state. This bond provides financial protection to consumers by guaranteeing that the seller will comply with state regulations, conduct business ethically, and fulfill their contractual obligations. It ensures fair and transparent telephonic sales practices.
Tobacco Products Cigarettes Bond
A North Carolina Tobacco Products Cigarettes Bond is a bond required for businesses involved in the distribution or sale of cigarettes and tobacco products in the state. This bond ensures compliance with state laws and regulations, including proper reporting and payment of taxes. It provides financial protection to the state and guarantees the fulfillment of tax obligations by the tobacco products distributor or seller.
Tobacco Products Other Than Cigarettes Bond
A North Carolina Tobacco Products Other Than Cigarettes Bond is a bond required for businesses engaged in the distribution or sale of non-cigarette tobacco products in the state. This bond ensures compliance with state regulations, including proper reporting and payment of taxes. It provides financial protection to the state and guarantees the fulfillment of tax obligations by the tobacco products distributor or seller.
TTB (Alcohol and Tobacco Tax and Trade Bureau) Bonds are required by the federal government for businesses that manufacture, import, export, or deal in alcohol, tobacco, and firearms. These bonds guarantee that the business will comply with all relevant regulations and pay all taxes and fees owed to the government.
A North Carolina Utility Deposit Bond is a bond required for individuals or businesses seeking to establish utility services in the state. This bond serves as an alternative to a cash deposit and provides financial assurance to utility companies that the applicant will pay for utility services promptly. It ensures responsible usage and payment of utility bills.