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Utility Deposit Bond

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A Utility Bond is not required to obtain a license like most surety bonds these bonds are usually required by a private obligee. In most cases the Utility Company will not turn your utilities on until you obtain the bond. The Utility Bond usually guarantees that principal will pay utility bills to the Utility Company in a timely manor. The Utility Deposit Bond amount varies from obligee to obligee some obligee's calculate the bond by the percentage of power that will be consumed per month. Always check with the utility company for correct bond amount they will require

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