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  1. grasshopper
    grasshopper is offline Senior Member
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    Sep 2008
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    Credit Information?

    I am an attorney who is working on my first estate bond, while filing out the appropriate application for my client I saw that it is asking for credit card information. Should that be my credit information or my clients and why is it being required?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Oct 2007
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    558

    Court Bonds

    Quote Originally Posted by grasshopper
    I am an attorney who is working on my first estate bond, while filing out the appropriate application for my client I saw that it is asking for credit card information. Should that be my credit information or my clients and why is it being required?
    The credit card information should be your clients. It is to assure that future premiums will be taken care of in the event your client doesn't pay the renewals when they are due.
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  3. h2o
    h2o is offline Senior Member
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    Credit Information

    What if my client does not have a credit card and wishes to pay with a cashier's check?
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  4. Surety Queen
    Surety Queen is offline Surety Professional
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    Court Bonds

    Quote Originally Posted by h2o
    What if my client does not have a credit card and wishes to pay with a cashier's check?
    The initial premium can be paid by cashier's check. However, a credit card must be provided to assure Surety that they can collect renewal premiums if the Principal refuses to send a check. It doesn't necessarily have to be the client's card - but it might be hard to find someone who will provide their card for this purpose.
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  5. h2o
    h2o is offline Senior Member
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    Credit Information

    Quote Originally Posted by Surety Queen
    The initial premium can be paid by cashier's check. However, a credit card must be provided to assure Surety that they can collect renewal premiums if the Principal refuses to send a check. It doesn't necessarily have to be the client's card - but it might be hard to find someone who will provide their card for this purpose.
    Is a debit/check card acceptable?
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