Subdivision Bond
What is a Subdivision Bond?
A Subdivision Bond is a type of Contract bond that ensures that developers complete public infrastructure improvements, such as roads, sidewalks, and utilities, in accordance with state and local regulations.
Protects public interests by ensuring proper development of public infrastructure within subdivisions.
Required by state and local governments for developers to ensure responsible development and completion of public infrastructure improvements.
Applicant’s personal or business information, credit history, bond amount, and subdivision project details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
