Mississippi Surety Bonds

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Required Surety Bonds in Mississippi

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

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Required Surety Bonds in Mississippi

There are three broad surety bond categories: construction and contractor bonds, license and permit bonds, and court bonds.

Mississippi Construction & Contractor Bonds

Mississippi requires contractors entering into public works contracts valued in excess of $25,000 to obtain a surety bond for the full amount of the contract price. Performance bonds and payment bonds are both required under Mississippi’s version of the federal Miller Act. Certain cities and counties may also require a surety bond from contractors awarded local public works projects.

Mississippi License & Permit Bonds

Mississippi licenses certain professionals and businesses, including contractors, collection agencies, auto dealers, and mortgage lenders, at the state level. The licensing process typically involves purchasing a license and permit surety bond. Some municipalities and counties have their own licensing and bonding requirements as well.

Mississippi Court Bonds

Mississippi courts at any level of the state’s judicial system can require either the plaintiff or the defendant to purchase a surety bond when appealing a prior court decision. A bond is most commonly required in cases involving contested property or large damage awards.

The other type of Mississippi court bond—a probate bond—may be required from individuals named to manage the assets of another party, such as an executor of an estate or guardian of a minor.

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