Minnesota Surety Bonds

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Required Surety Bonds in Minnesota

Typical Minnesota bonds include (click on any for more info):

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Required Surety Bonds in Minnesota

All Minnesota surety bonds can be categorized as construction and contractor bonds, license and permit bonds, or court bonds.

Minnesota Construction & Contractor Bonds

Minnesota’s version of the federal Miller Act requires performance and payment bonds from contractors on public works projects valued at $25,000 and more. Projects valued over $100,000 require higher bond amounts than projects of $100,000 and under.

Minnesota License & Permit Bonds

Many of the professional licenses issued in Minnesota require the purchase of a license and permit surety bond. For example, becoming licensed as a specialty contractor, auto dealer, or mortgage professional all involve obtaining a license and permit surety bond as part of the licensing process.

Minnesota Court Bonds

Two types of court bonds are typically required by courts at all levels of Minnesota’s judicial system—appeal bonds and probate (fiduciary) surety bonds. The former is required in cases appealing a court ruling, especially if contested property is at stake. The latter must be purchased by anyone being appointed as executor of an estate, guardian of a minor, or in any other capacity that involves managing another person’s assets.

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