Surety Bond Renewals

Renewing a surety bond can be a complicated endeavor. Renewal invoices are sent 30 to 90 days prior to the bond’s expiration date. The language of each surety bond contains a cancellation clause that specifically states how much advance notice bonding companies are required to give the principal and obligee prior to the bonds expiration date. Most cancellation clauses require notification to be delivered in writing either 30, 60, or 90 days prior to expiration.

When a bond is renewed, the documentation provided will vary depending on the specific bond. Some bonds are continuous and require no new documentation, only payment.  When a bond has a fixed term end date, typically an entirely new bond is required by the obligee. Others may indicate that a continuation certificate is required at the time of renewal. This can be in the form of a rider amending the term for the next year or a specific continuation certificate. Some bonds do not renew or do not need to be purchased for longer than the initial term.

Knowing when a bond expires can also be tricky. Bonds can have a one-year term or can be issued for multiple years. Some bonds expire one year after they were issued while others expire on specific dates no matter when they were first issued. For example, a car dealer in Georgia obtaining a license for the first time in January of 2020 will need to purchase a bond for a term of January 2020 to 3/31/20. Then in March, the bond must be renewed for a term of 04/01/2020 to 03/31/2022, as all Georgia Motor Vehicle Dealership bonds must expire on 03/31 of even-numbered years.  Below is a list of bonds that have specific expiration dates.

January

01/31 – New Jersey Bugler, Fire and Locksmith Bond

February

02/28 – Illinois Irrigation Contractor Bond

March

03/31 – Georgia Used Motor Vehicle Dealer Bond

03/31 – Michigan City of Burton Watermain Installer Bond

03/31 – Michigan City of Burton Sewer Digger Bond

03/31 – New Jersey Motor Vehicle Dealer Bond

03/31 – New Mexico Motor Vehicle Dealer Bond

03/31 – New Mexico Auto Recycler Bond

03/31 – New Mexico Barber Cosmetology School Bond

03/31 – New Mexico Fruit and Vegetable Packer/Shipper Bond

03/31 – Ohio Professional Solicitor Bond

April

04/30 – Florida MVD Bond

04/30 – Ohio Mortgage Broker Bond

04/30 – Ohio Fundraising Bond

May

05/31 – Texas City of Houston Sidewalk, Driveway, Curb and Gutter Builders Bond

05/31 – Maryland Fuel Dealer Bond

June

06/01 – Florida Talent Agent Bond

06/30 – Michigan Mortgage Broker Bond

06/30 – Mississippi Mortgage Broker Bond

06/30 – West Virginia Motor Vehicle Dealer Bond

06/30 – Michigan Fundraising Bond

06/30 – New Jersey Fundraising Bond

July

07/01 – North Carolina Collection Agency Bond

07/01 – Missouri Combat Sport Promoter Bond

07/01 – Kansas Combat Sport Promoter Bond

07/01 – Colorado Medical Marijuana Bond

August

08/31 – Texas Superheavy/Oversize Permit Bond

September

09/01 – North Dakota Fundraising Bond

09/30 – Alabama Auto Dealer Bond

09/30 – Illinois Plumbing Contractor Bond

09/30 – Alabama Fundraising Bond

09/30 – Texas U.A Plumbers Local Union 68 Wage and Welfare Bond

October

10/31 – Pennsylvania Real Estate Commission Real Estate Education Provider Bond

November

11/30 – D.C. Master Electrician Bond

11/30 – D. C. Electrical Contractor Bond

11/30 – Rhode Island City of East Providence Private Detective Bond

December

12/31 – Alabama City of Auburn Mortgage Broker Bond

12/31 – Alabama City of Auburn Electrician Bond

12/31 – Alabama Nonresident Contractor Bond

12/31 – Alabama City of Cheshire Street Excavation Bond

12/31 – Alabama City of Fairfield Occupational License or Permit Bond

12/31 – Alabama City of Hamden Occupational License or Permit Bond

12/31 – Colorado Denver Merchant Guard Company Surety Bond

12/31 – Connecticut City of Hartford Occupational License or Permit Bond

12/31 – Connecticut city of Milford Occupational License or Permit Bond

12/31 – Connecticut City of Newington Drain Layer Bond

12/31 – Connecticut City of Norwalk Drain Layer Bond

12/31 – Connecticut City of Wallingford Excavation Contractor

12/31 – Connecticut City of West Hartford Curb and Walk Layer Bond

12/31 – Connecticut City of West Hartford Drain Layer Bond

12/31 – Connecticut City of Wethersfield Street Excavation Bond

12/31 – Connecticut City of Wethersfield Drain Layer Bond

12/31 – Connecticut City of Wethersfield Curb and Walk Layer Bond

12/31 – Connecticut Motor Vehicle Dealer Bond

12/31 – Connecticut Used Car Lot Bond

12/31 – D.C. Mortgage, Transmitter, Finance, Lender or Check Casher Surety Bond

12/31 – Florida Franchised Motor Vehicle Dealer Bond

12/31 – Georgia Liquor Manufacturer Distillery Tax Bond

12/31 – Illinois Designated Agent Bond

12/31 – Illinois Payday Loan Reform Bond

12/31 – Illinois Remittance Agent Surety Bond

12/31 – Illinois Residential Mortgage License Surety Bond

12/31 – Indiana Mortgage Broker Bond

12/31 – Louisiana Auctioneer Bond

12/31 – Louisiana Motor Vehicle Dealer Bond

12/31 – Massachusetts Liquor License Surety Bond

12/31 – Massachusetts Professional Solicitor and Commercial Co-Venturer Surety Bond

12/31 – Michigan Mortgage Loan Originator Bond

12/31 – Michigan Secondary Mortgage Bond

12/31 – Missouri Auto Dealer Bond

12/31 – Montana Auto Dealer Bond

12/31 – Nebraska collection Agency License Bond

12/31 – Nebraska Motor Vehicle, Trailer, Wholesale or Motorcycle Dealer Bond

12/31 – Ohio County of Hamilton Installation/Repair Plumbing Performance Bond

12/31 – Ohio City of Lima Electrical Contractor Bond

12/31 – Ohio City of Lyndhurst HVAC Bond

12/31 – Ohio City of Maple Heights Occupational License or Permit Bond

12/31 – Ohio City of Mentor Certificate of Registration

12/31 – Ohio City of Mentor Electrical

12/31 – Ohio County Montgomery HVAC

12/31 – Ohio Village of Moreland Hills Occupational License or Permit Bond

12/31 – Ohio City of North Ridgeville Contractor Bond

12/31 – Ohio City of North Royalton Contractor Performance Bond

12/31 – Ohio City of Oakwood City Cement License Bond

12/31 – Ohio Township of Olmsted Contractors Registration Bond

12/31 – Ohio City of Oregon  Sidewalk and Driveway Contractor Bond

12/31 – Ohio City of Parma Contractor Bond

12/31 – Ohio City of Pepper Pike Occupational License or Permit Bond

12/31 – Ohio City of Perrysburg Sidewalk Contractor Bond

12/31 – Ohio County of Pickaway Contractor / Sub-contractor Registration Bond

12/31 – Ohio County of Portage Contractor Bond

12/31 – Ohio City of Reminderville Contractor Bond

12/31 – Ohio City of Reynoldsburg Contractor’s Registration Bond

12/31 – Ohio City of Seven Hills General Contractors Bond

12/31 – Ohio City of Shaker Heights Occupational License or Permit Bond

12/31 – Ohio City of Solon Contractor Registration Bond

12/31 – Ohio City of South Euclid Contractor Registration Bond

12/31 – Ohio City of Springfield Home Improvement Bond

12/31 – Ohio City of Toledo Plumbers Indemnity Bond

12/31 – Ohio County of Trumbull Electrical Contractor Bond

12/31 – Ohio County of Trumbull Mechanical Contractor Bond

12/31 – Ohio City of Twinsburg Contractor Registration Bond

12/31 – Ohio City of University Heights Contractor’s License Bond

12/31 – Ohio County of Warren Plumbing Contractors Bond

12/31 – Ohio City of Warrensville Heights Occupational License or Permit Bond

12/31 – Ohio City of Westlake Occupational License or Permit Bond

12/31 – Ohio City of Wickliffe Contractor Registration Bond

12/31 – Ohio City of Willoughby – City HVAC/Refrigeration Bond

12/31 – Ohio City of Willoughby Hills – City Occupational License or Permit Bond

12/31 – Ohio City of Willowick Contractor Registration Bond

12/31 – Ohio County of Wood (Northwestern Water & Sewer District) Sewer Tapper Bond

12/31 – Oklahoma Auto Dealer Bond

12/31 – Rhode Island Motor Vehicle Dealer Bond

12/31 – Rhode Island City of Providence Side Walk Bond

12/31 – Tennessee Dealer of Manufactured Home Bond

12/31 – Texas Fuel Tax Bond

12/31 – Texas Continuous Bond of Seller Sales Tax Bond

12/31 – Texas Bingo Gross Receipts Bond

12/31 – Texas Mortgage Broker, Lender or Servicer Bond

12/31 – Texas City of San Antonio Master Electrician Bond

12/31 – Texas Mixed Beverage Receipts Tax Bond

12/31 – Texas Residential Mortgage Loan Services Bond

12/31 – Texas License to Conduct Bingo Bond

12/31 – Texas City of Kerrville Contractor License Bond

12/31 – Texas City of Kirby Home Improvement Contractor/Salesman Bond

12/31 – Texas City of Antonio Sidewalks, Curbs, Cutter and Driveway Bond

12/31 – Texas City of Antonio Home Improvement Bond

12/31 – Texas City of Dallas Paving Bond

12/31 – Virginia County of Fairfax Home Improvement Contractor Bond

12/31 – West Virginia Motor Vehicle License Service Bond