What is a New Hampshire surety bond?
Surety bonds are used across the U.S. to guarantee the legal compliance of different types of businesses and individuals. New Hampshire surety bonds execute such a function as well.
State and local bodies may require surety bonds to provide additional security for the general public. Bonds work like a contract between three parties. The obligee is the respective authority that requires an entity to get bonded. The bonded party is the principal. Finally, the surety provides the bond.
There are three main types of surety bonds, which are also prevalent in New Hampshire:
- License bonds are needed when professionals want to obtain a local or state license. Typically, such bonds are posted by auto dealers, freight brokers, contractors and mortgage brokers, among others.
- Contract bonds are required on a case-by-case basis. Construction specialists often need to provide such bonds when they want to bid on public or private projects. Contract bonds guarantee that contractors will execute their work in time and in the best quality.
- Court bonds may be necessary only in certain cases. If you have to act as a fiduciary, you will need to obtain such a bond. You may need a court bond if you want to bring a court case to a higher instance as well.
You can consult the list of the most commonly used New Hampshire surety bonds in the list below. At the end of the page you can also find the complete list of bonds that we underwrite in this state.
Need help with finding your bond?Just call us at (877) 514-5146.
Compared to other states, New Hampshire has a relatively small amount of surety bond requirements. Fortunately, Lance Surety can write just about all of them at very aggressive rates. Working with us is the fastest and easiest way to get bonded in your state.
Most Popular Surety Bonds in New Hampshire
New and used car dealers in New Hampshire need to obtain a $25,000 bond. The requirement is set by the state Division of Motor Vehicles.
Mortgage brokers in New Hampshire have to post a $50,000 bond to the state Banking Department in order to get licensed.
If you’d like to operate as a debt adjuster, you will need a $25,000 or $100,000 bond. You have to present it to the state Banking Department.
Many contractors in New Hampshire need to obtain contractor license bonds. The requirements are set by local and city authorities.
If you want to get an auctioneer license, you need to get a $25,000 bond. The licensing authority is the New Hampshire Board of Auctioneers.
Do you want to run a health club in New Hampshire? You will need a $50,000 health club bond.
The New Hampshire money transmitter surety bond amount that applicants for a license have to provide is $100,000.
Questions about Surety Bonds in New Hampshire
What is the surety bond cost?
The price you have to pay for your New Hampshire surety bond depends on the bond amount that you have to provide to the relevant authorities. You do not pay the whole amount, but only a bond premium. For most types of bonds, the rates are between 1% and 5% for applicants with solid finances.
How is your bond cost set? Your surety examines in detail your personal and business finances. It considers your credit score, business documents, and any assets and liquidity. This is how the surety can assess the level of risk involved in the bonding. Your price will be lower if your overall profile is stable.
For more details on the bond formation, our surety bond cost page offers a thorough overview.
What if I have bad credit?
Getting bonded with problematic finances can be tough. Our Bad Credit Surety Bonds program is designed for applicants with issues such as low credit scores, tax liens, bankruptcies, and civil judgements. You can obtain most types of bonds even with bad credit, except for contract bonds.
The bond rates for bad credit applicants are in the range of 5%-15%. As the bonding risk is higher, the slightly increased price compensates for it. Lance Surety Bonds works with numerous A-rated, T-listed surety companies, so you can still get a great price with us. This means that we can select the best bond option for your particular circumstances.
How Do I Get Bonded?
Would you like to see your actual bond price? Just complete the full bond application online and attach all your paperwork. We will deliver it to you in no time.
If you’d like to learn more about how bonding works, make sure to consult our extensive How to Get Bonded page. In case your question is not answered there, you can always reach us at (877) 514-5146.
Find Your New Hampshire Surety Bond
|Debt Consolidators Bond||Debt Adjuster's||State of New Hampshire||Apply Now|
|Professional Fund Raisers Bond||Paid Solicitor||Dpeartment of Justice Attorney General Office||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Broker||Bank Commissoner, Banking Dept||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Banker||Bank Commissioner||Apply Now|
|Defective Title Bond||Defective Title Bond||NH Division of Motor Vehicles||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer||Division of Motor Vehicles - Dealer Licensing Bure||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer||Division of Motor Vehicles - Dealer Licensing Bure||Apply Now|
|Detectives Bond||Bond for Private Investigator, Security and Bail B||Department of Saftey||Apply Now|
|Professional Licenses (All Other) Bond||Independent Court Reporter||NH Joint Board of Licensure & Certification||Apply Now|
|Professional Licenses (All Other) Bond||Town of Woodstock, Reclamation and Environmental P||Town of Woodstock||Apply Now|
|Schools (All) Bond||Career School Licensing||New Hampshire Post-Secondary Education Commission||Apply Now|
|Games of Chance Bond||STATE OF NEW HAMPSHIRE RACING AND CHAROTABLE GAMIN||State of New Hampshire, Racing and Charitable Gami||Apply Now|
|Games of Chance Bond||Surety Bond for Game Operators in New Hampshire||Racing and Charitable Gaming Commission||Apply Now|
|Games of Chance Bond||Charitable Gaming Commission Games of Chance Bond||State of New Hampshire Racing and Charotable Gamin||Apply Now|
|Games of Chance Bond||Manufacturer Pursuant to Chapter 287-E Bond (Bingo||NH Racing & Charitable Gaming Commission||Apply Now|
|Financial Guarantee (All Other) Bond||Sales Finance Company Bond||New Hampshire Banking Department||Apply Now|
|Indemnity (Miscellaneous - Not Listed) Bond||Bond of Manufacturer||New Hampshire Racing & Charitable Gaming Commissio||Apply Now|
|Lottery Bond||Daily and-or Weekly Sales Agent Bond||New Hampshire Lottery Commission||Apply Now|
|Lottery Bond||Lucky 7 Bingo Ticket Seller Bond||NH Racing & Charitable Gaming Commission||Apply Now|
|Telemarketing/Phone Solicitor Bond||Charitable Solicitor||State of New Hampshire||Apply Now|
|Warranty Bond||Consumer Guaranty Contracts Bond||NH Commissioner of Insurance||Apply Now|