Utah Surety Bonds

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Required Surety Bonds in Utah

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

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Required Surety Bonds in Utah

Utah surety bonds fall into three broad categories: construction and contractor bonds, license and permit bonds, and court bonds, with multiple bond types within each category.

Utah Construction & Contractor Bonds

The Miller Act mandates performance and payment bonds from contractors working on federally-funded projects valued at more than $100,000. Utah’s “Little Miller Act” doesn’t set a specific contract value above which bonding is required. Instead, it requires a contractor’s payment bond and a performance bond for 100% of the contract value, whatever that might be.

Utah License & Permit Bonds

Utah’s Division of Occupational and Professional Licensing—part of the state’s Department of Commerce—licenses dozens of occupations and professions. However, Motor Vehicle Dealers are licensed specifically by the Motor Vehicle Enforcement Division. Motor vehicle dealers and many business owners must purchase a license and permit bond as part of the licensing process. License and permit bonds provide financial protection for the state and consumers and help maintain high professional and industry standards.

Utah Court Bonds

Any of the courts in Utah can order the purchase of a surety bond under certain circumstances. People appealing previous court decisions may be required to buy an appeal bond, especially if the case involves contested property or a large damage award. Those appointed to serve in a fiduciary capacity, such as executors, guardians, or trustees managing assets that belong to someone else may be required to purchase a probate bond.

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