Talk:Surety bond
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In the words of the U.S. Small Business Administration, "A surety bond is a three-party instrument between a surety, the contractor and the project owner. The agreement binds the contractor to comply with the terms and conditions of a contract. If the contractor is unable to successfully perform the contract, the surety assumes the contractor's responsibilities and ensures that the project is completed."
Ellsworth 19:24, 19 Feb 2005 (UTC) cvbcvbv
[edit] Bias
Though this is a very good article, it only deals with examples taken from the U.S. Therefore, I have added a {{worldwide}} template. - Ta bu shi da yu 11:41, 21 July 2007 (UTC)
One extremely important point on these bonds - shop around. I recently applied for a mortgage broker bond with a large broker in NY. They quoted me over $2,000.00 , based on a Bankrupty on my credit report.
I got a quote from a company in CA, who quoted me $180.00 the exact same bond.—Preceding unsigned comment added by 206.169.194.161 (talk • contribs)

