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) Bond||Bureau of Securities Bond||Nebraska Department of Banking and Finance||Apply Now|
|Check Sellers Bond||Delayed Deposit Services Business Bond||Nebraska Department of Banking & Finance||Apply Now|
|Collection Agency Bond||Collection Agency License Bond||NE Collection Agency Licensing Board||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Originator||Director, Dept of Banking and Finance||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Banker||Dept of Banking and Finance||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Banker||Dept. of Banking and Finance||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||Escrow Agents Bond||state of Nebraska||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||50K Motor Vehicle Dealer||Motor Vehicle Industry Licensing Board||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||25K Motor Vehicle Dealer||Motor Vehicle Industry Licensing Board||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer ($50K)||Motor Vehicle Industry Licensing Board||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer ($25K)||Motor Vehicle Industry Licensing Board||Apply Now|
|Professional Licenses (All Other) Bond||Wholesale Drug Distributor||Dept. of Health and Human Services||Apply Now|
|Schools (All) Bond||Private Postsecondary Career School Bond||Nebraska Department of Education||Apply Now|
|Schools (All) Bond||Approved Training Agency Bond||Nebraska Department of Health & Human Services||Apply Now|
|Schools (All) Bond||Training Agency Bond||Department of Health and Human Services||Apply Now|
|Alcohol (Retailers) Bond||Alcoholic Liquor Tax Bond||Nebraska Liquor Control Commission||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Motor Fuels Tax Bond||Nebraska Dept of Revenue||Apply Now|
|Lottery Bond||Nebraska Lottery Retailer||Nebraska Department of Revenu||Apply Now|
|Appraisal Management||Appraisal Management Company Bond||Real Estate Appraisers Board||Apply Now|
Questions about Surety Bonds in Nebraska
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?
Whether you need a license bond or contract bond, you can quickly fill out our online application and we’ll get in touch with you with a free bond quotes within minutes.
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.
In order to get a Nebraska collection agency license entities are required to post a surety bond between $5,000 and $15,000, based on the number of solicitors in the agency, but it cannot exceed $100,000.
Obtaining a Nebraska money transmitter license requires posting a $100,000 surety bond. The Department may increase it up to $250,000 if it sees it as necessary for a particular applicant.