Massachusetts Local Official Bond | Surety Bond
Type of BondMassachusetts Local Official Bond is required by The Commonwealth of Massachusetts to comply with the State licensing requirements. Each state has drafted their own Local Official Bond Form, so you will need a different Local Official bond for each state you will be transacting business in.
This may be a problem for other agencies, but not ours. Our Agency is licensed in all 50 States and can handle all Surety Bonds.
Program: Our agency currently has several specialty programs that can help you place your Massachusetts Local Official Bond.
Massachusetts Local Official bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25% .
Always check with the Commonwealth of Massachusetts "Obligee" for details
Our application process for a Local Official bond is easy. You can either apply online or fill out a pdf application at your leisure.
Obligee InformationAn obligee is the entity that is requiring you to have the Local Official bond.
For your convenience you can view a sample copy of the Massachusetts Local Official Bond Form
Obligee address:Obligee: Commonwealth of Massachusetts Street: State: MA Zip:
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