Texas service bond 2025

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  1. Click ‘Get Form’ to open the Texas Service Bond in the editor.
  2. Begin by entering the bond number in the designated field at the top of the form.
  3. Fill in your name as the Principal, along with your county and state information.
  4. Next, provide the name of the insurance carrier acting as Surety.
  5. Indicate the penal sum of the bond in both words and numbers, ensuring accuracy for legal purposes.
  6. Complete the date fields indicating when this bond will be effective and when it is signed.
  7. Finally, ensure all parties sign and seal where indicated, including any necessary corporate seals.

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Bond Service means, for any period or payable at any time, the principal of, premium, if any, on and interest on the Bonds for that period or payable at that time whether due at maturity, or on an Interest Payment Date, or upon acceleration or redemption.
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $35,000 Surety Bond $350 - $1,050 $1,750 - $3,500 $40,000 Surety Bond $400 - $1,200 $2,000 - $4,000 $50,000 Surety Bond $500 - $1,500 $2,500 - $5,0009 more rows
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $30,000 $300 - $900 $900 - $1,500 $35,000 $350 - $1,050 $1,050 - $1,750 $40,000 $400 - $1,200 $1,200 - $2,0007 more rows
$25,000 surety bonds typically cost 0.510% of the bond amount, or $125$2,500. Highly qualified applicants with strong credit might pay just $125 to $250, while an individual with poor credit will receive a higher rate.
Table of Contents. The cost of your $30,000 surety bond will, in most cases, be a yearly premium in the range of 0.75%-3% of your bond amount. This translates into payments between $225 and $900.

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The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.

texas residential bond