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 |
