Collateral

[h2o]

If I put up collateral to get the bond, how long will the surety hold on to my collateral?

[Surety Wizard]

It completely depends on the Surety Company that is approving and writing the bond for you. Typically it is a one year term but can be up to six.

[Surety Queen]

Originally Posted by h2o

If I put up collateral to get the bond, how long will the surety hold on to my collateral?

Our one market that will accept collateral will hold it for a minimum of one year AFTER the bond has been cancelled. This is to assure Surety protection in the event of future claims after bond cancellation.