Surety Bond Education

In order to obtain an annual Over Gross Axle and Over Gross Weight Tolerance Permit in Texas you must first obtain a permit bond.  In this quick article we will tell you what this permit bond is, how to obtain the bond and how much it costs. What Is An Over Axle and Over Gross Weight Tolerance Permit Bond? This permit bond guarantees to the Texas Department of Transportation that you will pay for any damage that you cause to the highways on which you travel.  This bond covers an annual period but can also cover up to two or […]

In many states there is a requirement that the suppliers or permissive suppliers of motor fuels must collect taxes.  In the state of Texas, the Comptroller of Public Accounts requires that the suppliers, permission suppliers, distributors, exporters, importers and blenders of fuel to collect and remit tax.  Sometimes a surety bond or other security must be provided.  The bond guarantees the payment of all tax liability, penalties, interest and other costs. How Do I Obtain A Motor Fuel Tax Bond? The requirements for a Motor Fuel Tax Bond vary from state to state.  However, it is common for the following […]

In order to become a Notary Public in the state of Texas you must provide a $10,000.00 Notary Bond. What Is The Purpose Of A Notary Bond? A Texas Notary Bond protects the public from a notary public that does not up perform their duties honestly and appropriately.  An individual harmed by a notary may file a claim on the $10,000 Texas Notary Bond to be made whole.  A Texas Notary Bond is effective for 4 years and follows the term of your notary commission. How Do I Obtain A Notary Bond? There are 3 easy steps to obtaining a […]

If you are a developer or contractor doing work in the City of Austin, Texas you may need a “Fiscal Surety” bond.  This Fiscal Surety Bond could relate to a site plan or a subdivision.  Posting a Fiscal Surety Bond is one way to meet the requirements for Fiscal Surety with the City of Austin. What Is a Fiscal Surety Bond? A City of Austin Fiscal Surety Bond is a surety bond that guarantees that all construction and improvements made to City of Austin infrastructure will be completed.  In the surety industry, we refer to these types of bonds as […]

Many cities and counties require a permit bond related to a permit obtained when a vehicle will be used on their roadways that is over the weight limit.  This is referred to an Oversize Permit Bond or also a Superheavy Permit bond. What Is An Oversize Permit Bond? An oversize permit bond is a guarantee provided to the City or County. It is a guarantee for any damage to their infrastructure while operating your over weight equipment.  The amount of the bond varies; however, they are typically $10,000 to $50,000. How Do I Obtain This Permit Bond? The application process […]

As you are applying for a Super Heavy Permit with the Texas Department of Motor Vehicles they may ask you to provide a $10,000 Surety Bond. The purpose of this surety bond is to guarantee that any damage you cause will be repaired. The damage could be to roads or bridges while you are moving your heavy load. The Super Heavy Permit Surety Bond must be obtained annually. The bonds must be renewed each year by August 31. How Do I Obtain A Super Heavy Permit Surety Bond? The $10,000 TXDMV Surety Bond is very quick and easy to obtain. […]