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Thread: Collateral

  1. Phillies
    Phillies is offline Member
    Join Date
    Oct 2006
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    69

    Collateral

    I have been approved for a bond but am required to put up a significant amount of collateral. What guarantee do I have that I will get this collateral back in a timely manner after my bond is no longer needed? Do I get interest on the funds while they are being held by Surety?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    Any surety that is requiring collateral will have you sign a collateral agreement. In the agreement it will state the terms of when the collateral will be returned. Read it carefully, as the agreements can vary from surety program to program.

    I have not heard of any sureties paying interest on collateral to date.
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