License and Permit Bonds

Some businesses must post bonds guaranteeing that their work will conform to the specifications of a given building code. These...

Some businesses must post bonds guaranteeing that their work will conform to the specifications of a given building code. These bonds are required of those who must obtain licenses or permits from cities, towns, or political subdivisions before they can proceed with various activities. These bonds, although used for a variety of pruposes, usually guarantee that the persons who post them will comply with statutes, regulations or ordinances that regulate their activities.

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