Reclamation Bond
What is a Reclamation Bond?
A Reclamation Bond is a type of Commercial bond that ensures that companies engaged in mining, drilling, or other land-disturbing activities restore the land to its original state after project completion.
Protects the environment and public interests from damage caused by land-disturbing activities.
Required by state and federal governments for companies involved in land-disturbing activities to ensure responsible land restoration.
Applicant’s personal or business information, credit history, bond amount, and project details.
Based on credit history, project size, and bond amount, usually 1-5% of the bond amount.
