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City of Wilmington Surety Process Work in Progress StartDeveloper/Applicant requests surety as allowed under City code 18366 for: Recording of final plat Certificate of Occupancy1) Scope provided
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How to fill out surety process

How to fill out surety process
01
To fill out surety process, follow these steps:
02
Obtain the necessary surety bond forms from the relevant governing authority or insurance agency.
03
Read and understand the instructions provided with the forms.
04
Gather all the required information, including personal details, financial statements, and any other supporting documents.
05
Complete the forms accurately and truthfully, ensuring all sections are filled out as required.
06
Provide any necessary supporting documentation, such as proof of assets or financial statements.
07
Review the completed forms and ensure all information is correct and up to date.
08
Submit the filled-out forms, along with any required fees, to the appropriate authority or insurance agency.
09
Keep a copy of the filled-out forms and any supporting documents for your records.
10
Follow up with the governing authority or insurance agency to track the progress of your surety bond application.
11
Once approved, ensure that you fulfill all the obligations and requirements associated with the surety process.
Who needs surety process?
01
Surety process is needed by various individuals and entities in different situations, including:
02
- Contractors, builders, and construction professionals who need to obtain surety bonds as a guarantee for fulfilling their contractual obligations.
03
- Businesses seeking to engage in certain industries or activities that require a surety bond, such as auto dealerships or mortgage brokers.
04
- Government agencies or institutions that require surety bonds as a condition for licensing or permit issuance.
05
- Individuals involved in legal proceedings, where a surety bond may be required to secure their financial responsibilities.
06
- Those seeking to provide assurance for financial transactions or obligations, such as renting a property or participating in investment activities.
07
It is important to consult with the relevant governing authority or an insurance professional to determine if the surety process is necessary for your specific situation.
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