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| Originally Posted by Mother Bond My state requires that the bond have a 2-year term. Can I still pay for only a year at a time? |
It depends. If the bond term itself states a two year term, then you must pay for the full term. If it doesn't have a specific term in the language, then it can probably be written for a year at a time. As long as you pay the renewal premium it will renew for the 2nd year with no problem.