North Carolina Surety Bonds

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Required Surety Bonds in North Carolina

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

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Required Surety Bonds in North Carolina

There are three broad categories of surety bonds: construction and contractor bonds, license and permit bonds, and court bonds. There are multiple types of licenses in each category.

North Carolina Construction & Contractor Bonds

In North Carolina, any contractor working on a public works project funded by the estate’s taxpayers that is valued at $300,000 or more must obtain a payment bond to guarantee completion of the work. Any subcontractor providing materials and labor valued at more than $50,000 must purchase both a performance bond and a payment bond.

North Carolina License & Permit Bonds

North Carolina has established a number of occupational and professional licensing boards, such as the North Carolina Licensing Board for General Contractors. Obtaining a professional license often involves purchasing a surety bond to guarantee compliance with relevant statutes and requirements.

North Carolina Court Bonds

Courts at any level of the North Carolina judicial system may require people appealing a court decision to purchase a probate bond, most often when a case involves contested property. Courts that handle probate matters, such as the appointment of an executor for an estate or as guardian for a minor, may require a probate bond. A probate bond guarantees the lawful and ethical conduct of individuals named to manage another person’s assets.

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