RELEASE OF LIEN BOND
American Surety Bonds Agency, LLC provides simplified and fast underwriting for Release of Lien Bonds.
What is a Release of Lien Bond?
A Release of Lien Bond is a type of court bond required by a judge in order to have a property lien discharged. A lien is typically placed on a contractor’s property in response to non-payment to a supplier or subcontractor. The judge requires a bond to release the lien until the case has been settled.
Bond amounts are set by a judge and are based on the amount of the lien.
What are the underwriting guidelines?
Release of Lien Bonds are underwritten on the following criteria:
- Bond Amount
- Bond Obligation
- Corporate and Personal Credit History
- Corporate and Personal Net Worth
- Specifics of the Case
How much does the bond cost?
American Surety Bonds Agency has a number of programs in place for Release of Lien Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for a Release of Lien Bond?
To apply for a Release of Lien Bond, simply complete the bond application. Click here to download application our application and e-mail, fax or mail your application back to us to get started. Or, give us a call and we will be happy to get you started.
Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter
Are there any other bonds I might need?