DETERMINING YOUR NORTH DAKOTA BOND TYPE
Looking for fast and easy bonding solutions in North Dakota? American Surety Bonds offers a wide range of North Dakota 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 Dakota has never been easier. Contact us today to learn more about our North Dakota 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.
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 Dakota Appraisal Management Company Bond is a surety bond required by the North Dakota Real Estate Appraiser Board for appraisal management companies. The bond provides financial protection to clients and the general public by ensuring that the appraisal management company operates ethically, adheres to industry standards, and compensates for any damages caused by their actions.
Auction Clerk Bond
A North Dakota Auction Clerk Bond is a type of surety bond required by the North Dakota Public Service Commission for individuals serving as auction clerks. The bond ensures that the auction clerk faithfully performs their duties, maintains accurate records, and handles funds appropriately, protecting the interests of auction participants and preventing fraudulent activities.
A North Dakota Auctioneer Bond is a type of surety bond required by the North Dakota Public Service Commission for individuals or businesses seeking to obtain an auctioneer license. The bond ensures that the auctioneer adheres to all applicable laws and regulations while conducting auctions, protecting the interests of buyers and sellers involved.
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 Dakota Collection Agency Bond is a surety bond required by the North Dakota Department of Financial Institutions for collection agencies operating within the state. The bond provides financial protection to clients and debtors by guaranteeing that the collection agency adheres to legal and ethical practices, ensuring fair treatment and proper handling of collected funds.
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 Dakota Contractor License & Permit Bond is a type of surety bond required for contractors to obtain a license or permit to operate in North Dakota. 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.
A North Dakota Debt Settlement Service Provider Bond is a surety bond required by the North Dakota Department of Financial Institutions for companies engaged in debt settlement services. The bond ensures that the service provider operates ethically, follows state regulations, and protects the interests of consumers by faithfully managing and resolving their debts.
Deferred Presentment Service Provider Bond
A North Dakota Deferred Presentment Service Provider Bond is a surety bond required by the North Dakota Department of Financial Institutions for businesses offering deferred presentment services, commonly known as payday loans. The bond ensures that the service provider operates in compliance with state laws, protects consumers, and fulfills their financial obligations to borrowers.
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.
A North Dakota Geothermal Contractor Bond is a type of surety bond required by the North Dakota Board of Water Well Contractor for contractors engaged in geothermal system installations. The bond provides financial protection to clients and ensures that the contractor adheres to industry standards, completes projects as contracted, and compensates for any damages or breaches of contract.
A North Dakota License & Permit Bond is a type of surety bond required by the state of North Dakota 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.
Life Settlement Broker/Provider Bond
A North Dakota Life Settlement Broker/Provider Bond is a surety bond required by the North Dakota Insurance Department for individuals or businesses involved in life settlement transactions. The bond provides financial protection to policyholders and ensures compliance with state regulations, guaranteeing fair and ethical practices in the buying and selling of life insurance policies.
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 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.
Manufactured Home Installer Bond
A North Dakota Manufactured Home Installer Bond is a surety bond required by the North Dakota Department of Commerce for individuals or companies engaged in the installation of manufactured homes. The bond serves as a financial guarantee that the installer will adhere to applicable building codes, industry standards, and fulfill their contractual obligations, protecting homeowners from potential damages or breaches.
A North Dakota Mobile Home & Manufactured Home Dealer Bond is a type of surety bond required by the North Dakota Motor Vehicle Division for individuals or businesses engaged in the sale and dealership of mobile homes and manufactured homes. The bond provides financial protection to customers by ensuring the dealer’s compliance with state laws and regulations, including proper handling of funds and ethical business practices.
A North Dakota Money Broker Bond is a surety bond required by the North Dakota Department of Financial Institutions for individuals or companies acting as money brokers. The bond ensures that the money broker conducts business ethically, follows state regulations, and protects the interests of clients by faithfully handling funds and fulfilling their financial obligations.
A North Dakota Money Transmitter Bond is a surety bond required by the North Dakota Department of Financial Institutions for entities engaged in money transmission services. The bond provides financial protection to consumers by guaranteeing that the money transmitter operates in accordance with state laws, safeguards customer funds, and fulfills their financial obligations.
A North Dakota Mortgage Lender or Loan Servicer Bond is a surety bond required by the North Dakota Department of Financial Institutions for mortgage lenders and loan servicers. The bond provides financial protection to borrowers by ensuring that the lender or servicer complies with state regulations, acts in good faith, and handles funds responsibly during mortgage transactions.
A North Dakota Motor Vehicle Dealer Bond is a type of surety bond required by the North Dakota Motor Vehicle Division for individuals or businesses engaged in the sale and dealership of motor vehicles. The bond serves as a financial guarantee that the dealer will operate with integrity, follow state laws, and fulfill their contractual obligations, providing protection to buyers from any fraudulent activities or breaches of contract.
A North Dakota Motor-Powered Recreational Vehicle Dealer Bond is a surety bond required by the North Dakota Motor Vehicle Division for businesses involved in selling motor-powered recreational vehicles. The bond ensures that the dealer operates in compliance with state regulations, maintains ethical practices, and fulfills their contractual obligations, providing financial protection to customers against any potential fraud or misconduct.
A North Dakota Notary Bond is a surety bond required by the North Dakota Secretary of State for individuals appointed as notaries public. The bond serves as a financial guarantee that the notary will perform their duties with integrity, adhere to state laws, and protect the public from any errors or misconduct in notarizing documents.
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.
A North Dakota Postsecondary Career School Bond is a type of surety bond required by the North Dakota State Board of Career and Technical Education for postsecondary career schools. The bond provides financial protection to students and ensures compliance with state regulations, guaranteeing the school’s financial responsibility and the fulfillment of its educational programs.
Pre-Need Funeral Service Contract Bond
A North Dakota Pre-Need Funeral Service Contract Bond is a surety bond required by the North Dakota Securities Department for funeral service providers offering pre-need funeral contracts. The bond provides financial protection to consumers by guaranteeing that the provider fulfills their contractual obligations and properly handles funds collected for pre-arranged funeral services.
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.
Professional Fundraiser Bond
A North Dakota Professional Fundraiser Bond is a surety bond required by the North Dakota Secretary of State for individuals or companies engaged in professional fundraising activities on behalf of charitable organizations. The bond provides financial protection to donors by ensuring that the fundraiser operates in compliance with state regulations and faithfully represents the charitable organizations they work with.
Pump & Pitless Unit Installer Bond
A North Dakota Pump & Pitless Unit Installer Bond is a surety bond required by the North Dakota Board of Water Well Contractor for contractors involved in the installation of water pump systems and pitless units. The bond ensures that the installer adheres to state regulations, maintains industry standards, and protects the interests of consumers by performing the installations correctly and responsibly.
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.
Roving Grain Buyer Bond
A North Dakota Roving Grain Buyer Bond is a surety bond required by the North Dakota Department of Agriculture for individuals or businesses engaged in buying grain from farmers on a mobile or roving basis. The bond provides financial protection to farmers by guaranteeing that the buyer operates in compliance with state laws, promptly pays for grain purchases, and protects against any potential fraudulent activities.
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 Dakota Third Party Administrator Bond is a surety bond required by the North Dakota Insurance Department for entities acting as third-party administrators. The bond ensures that the administrator operates in compliance with state regulations, handles funds responsibly, and fulfills their contractual obligations, providing financial protection to policyholders and the insurance industry.
A North Dakota Trailer Dealer Bond is a surety bond required by the North Dakota Motor Vehicle Division for businesses engaged in the sale and dealership of trailers. The bond serves as a financial guarantee that the dealer will operate with integrity, follow state laws, and fulfill their contractual obligations, providing protection to buyers from any fraudulent activities or breaches of contract.
Transient Merchant Bond
A North Dakota Transient Merchant Bond is a surety bond required by the North Dakota Attorney General for transient merchants conducting temporary sales events within the state. The bond provides financial protection to consumers by ensuring that the merchant operates ethically, adheres to tax laws, and fulfills their financial obligations, safeguarding the public from potential fraudulent activities or misconduct.
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 Dakota Utility Bond is a type of surety bond that is required of companies that provide utility services to residents and businesses in the state of North Dakota. The bond guarantees that the utility company will comply with all applicable state and federal regulations and will provide reliable and safe services to its customers.
A North Dakota Water Well Driller Bond is a surety bond required by the North Dakota State Water Commission for individuals or companies engaged in water well drilling activities. The bond provides financial protection to clients and ensures that the driller adheres to state regulations, maintains industry standards, and compensates for any damages caused by their drilling operations.