Wetland Mitigation Bond
What is a Wetland Mitigation Bond?
A Wetland Mitigation Bond is a type of License & Permit bond that ensures that developers or property owners comply with wetland mitigation requirements, protecting the environment and ensuring the restoration, creation, or enhancement of wetlands.
Protects the environment by ensuring proper wetland mitigation measures are implemented, compensating for the loss or degradation of wetlands due to development or other activities.
Required by federal, state, or local governments to ensure responsible management and compliance with wetland mitigation requirements by developers or property owners.
Applicant’s personal or business information, credit history, bond amount (determined by the government agency or requirements of the wetland mitigation plan), and project details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
