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  1. Bond Artist
    Bond Artist is offline Member
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    Jul 2007
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    Bond Amount on Power of Attorney

    I recently received my original bond from your office. I applied for a $10,000 bond, but the power of attorney says $50,000. What does that bond amount mean?
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  2. marietta68
    marietta68 is offline Surety Professional
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    The "bond amount" on the Power of Attorney frequently is a reference to a limitation of the bond amount that's authorized by the power. It doesn't change your bond, but would prevent an unscrupulous person from changing (forging) the bond to an amount that exceeds the power's limitation.
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  3. Bond Artist
    Bond Artist is offline Member
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    Home Ownership

    Do I need to own a home in order to obtain a surety bond?
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  4. PT
    PT is offline Member
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    Quote Originally Posted by Bond Artist
    Do I need to own a home in order to obtain a surety bond?
    Not necessarily. If you have good personal credit AND own a home, you will get a more favorable premium than if you don't own a home.
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