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Example ? on a $10,000 bond, any individual could pay $10,000 at the jail, or a bondsman will have to write a check to the court for $10,000 to get you out of jail. The fee for the bondsman would be 10% of $10,000, in other words $1,000 you would have to pay to get bonded out.
Pennsylvania business license applicants as well as contractors are frequently required to post a surety bond. This bond guarantees their compliance with state laws, and the specific requirements of their particular profession.
What Do Pennsylvania Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Surety bond costs vary significantly depending on the bond amount that you need and your rate (which is the percentage of the full bond amount you must pay).
Pennsylvania contractor license bonds are required for general and specialty contractors. Learn more about these bonds and find the best rates online. Search for your bond to get started!
Average Cost: $50 for a four-year term. Bond Amount: $10,000. Who Needs it: All notaries public operating in Pennsylvania. Purpose: To ensure the public receives compensation for financial harm if the notary fails to properly perform their duties.
A notary bond is a legally binding contract guaranteeing the notary will complete tasks ethically and in adherence with the law. If a notary fails to perform his or her duties, a claim can be made against the bond by the state and/or those harmed as a result of the notary's actions.
What Do Pennsylvania Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Surety bond costs vary significantly depending on the bond amount that you need and your rate (which is the percentage of the full bond amount you must pay).