Overview of Bonding Requirements in Nebraska
Compared to most other states, there are relatively few surety bond requirements in Nebraska. Surety bonds can be required from businesses when they apply for a license, from construction contractors working on some public projects, or from individuals who appeal a court decision.
A typical surety bond agreement involves three sides:
- An obligee (requires the bond)
- A principal (posts the bond)
- A surety (backs the bond agreement)
The role of the surety is to make guarantees to the obligee that the principal will act in accordance with the bond agreement, or face legal consequences. A third party which suffers loss from the principal can file a claim and seek recourse.
You can apply for your bond using the bond below. Even if you don’t find your on our list, that doesn’t mean we can’t get you bonded. Simply call us at (877)-514-5146.
Find Your Nebraska Surety Bond
Investment Advisor (Blue Sky) BondBureau of Securities BondNebraska Department of Banking and Finance
Check Sellers BondDelayed Deposit Services Business BondNebraska Department of Banking & Finance
Collection Agency BondCollection Agency License BondNE Collection Agency Licensing Board
Mortgage Broker (1st & 2nd Mortgages) BondMortgage OriginatorDirector, Dept of Banking and Finance
Mortgage Lender/Banker (1st & 2nd Mort.) BondMortgage BankerDept of Banking and Finance
Mortgage Lender/Banker (1st & 2nd Mort.) BondMortgage BankerDept. of Banking and Finance
Title Insurance Agents & Escrow Officers BondEscrow Agents Bondstate of Nebraska
Auto & Mobile Home Dealers (New & Used) Bond50K Motor Vehicle DealerMotor Vehicle Industry Licensing Board
Auto & Mobile Home Dealers (New & Used) Bond25K Motor Vehicle DealerMotor Vehicle Industry Licensing Board
Auto & Mobile Home Dealers (Used Only, No New) BondMotor Vehicle Dealer ($50K)Motor Vehicle Industry Licensing Board
Auto & Mobile Home Dealers (Used Only, No New) BondMotor Vehicle Dealer ($25K)Motor Vehicle Industry Licensing Board
Professional Licenses (All Other) BondWholesale Drug DistributorDept. of Health and Human Services
Schools (All) BondPrivate Postsecondary Career School BondNebraska Department of Education
Schools (All) BondApproved Training Agency BondNebraska Department of Health & Human Services
Schools (All) BondTraining Agency BondDepartment of Health and Human Services
Alcohol (Retailers) BondAlcoholic Liquor Tax BondNebraska Liquor Control Commission
Fuel Tax (All Others, Sellers & Users) BondMotor Fuels Tax BondNebraska Dept of Revenue
Lottery BondNebraska Lottery RetailerNebraska Department of Revenu
Appraisal ManagementAppraisal Management Company BondReal Estate Appraisers Board
Frequently Asked Questions
What are the different types of bonds in Nebraska?
Based on their purpose, there are three main categories of surety bonds:
- License bonds is the largest category. As their name suggests, license bonds are required from businesses wishing to get licensed in Nebraska. Such businesses include collection agencies, lotteries, investment advisors, auto dealers and others.
- Contract bonds are required when a company wants to bid and perform work on a large public project. Private project owners, however, can also require surety bonds in certain cases.
- Court bonds are required from court decision appellants or individuals appointed as fiduciaries.
What’s the cost of Nebraska surety bonds?
How much you surety bond will cost depends on a variety of factors. To start, you need to know to know your bond’s total amount first. A bond’s total amount, or penal sum, determines the maximum compensation the bond’s principal may owe in case of claim.
The total amount for license bonds is determined by a state agency based on an estimate of an expected claim rate for the whole industry. Some bonds, however, are determined on a case-by-case basis depending on the applicant’s finances, net worth, and other information.
For contract bonds, the total amount is usually a certain percentage of the contract’s cost. For large public projects, it can even be 100% of the contract price.
Bond applicants pay for these bonds in premiums, which, in most cases, are annual or biannual for license bonds and typically range between 1% and 4% if the applicant has good credit. For contract bonds a number of factors may be considered: financial strength, the type of work required, credit score, the contractor’s experience and others.
Find out more on our What Does a Surety Bond Cost? Page.
Information for applicants with bad credit
99% of applicants for license bonds will have no problem getting bonded, despite a low credit score. Some exceptions are those with an open bankruptcies or late child support payments. For most bad-credit applicants, the only difference is usually a higher premium. A co-signer or collateral is usually not required.
Currently, because of the very high risk involved in construction projects, bad credit programs do not exist for contract bonds. You can find more information on our page dedicated to bad credit surety bonds.
How do I get a surety bond in Nebraska?
If you need a license bond, you can quickly fill out our online application and we’ll get in touch with you with a free bond quotes within minutes.
For contract bonds, such as bid and performance bonds, you can download the relevant application form and send it to us via fax or email.
Most Popular Surety Bonds in Nebraska
A $25,000 is required from investment advisers and broker-dealers to ensure compliance with Securities Act of Nebraska, Section 8.
Mortgage loan originators must hold a bond in amounts between $100,000 and $200,00 in order to get licensed in the state.
Automobile, motorcycle, trailer and wholesale dealers must post a $50,000 bond, acting as protection to vehicle buyers in the state.
The Nebraska Liquor Control Commission requires that applicants for several license types, obtain a surety bond before they can obtain a permit.
A $25,000 surety bond is required from appraisal management companies in Nebraska. The bond acts as a protection to their clients and ensures that these companies comply with the relevant provision outlined in the Nebraska Revised Statutes.
Contractor in Omaha with classifications A, B, C, D and E, are required to have a $10,000 contractor license bond when getting licensed.