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| Originally Posted by Mother Bond I need to obtain an administrator bond. I have great credit, but I'm worried that my personal financials aren't strong enough. Do I have to own real estate and have a lot of cash on hand in order to qualify for this type of bond? |
Not necessarily but it certainly helps. Surety may ask that in order to write the bond for you, that you and an attorney enter into a Joint Control Agreement with the Surety. This will give Surety the comfort level to allow the bond to be written. Collateral could also be a requirement but isn't asked for unless absolutely needed.