Rosemary Palmer

Who Needs a Performance Bond?

Dec 122021
 

A Performance Bond (or Contract Bond) is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. Performance Bonds act as guarantees to a project owner that the contractor will complete its job according to the terms and conditions of the contract. A Performance Bond provides financial protection to the project owner in the event of default on the part of the contractor.

In general, Performance Bonds are issued as part of a ‘Performance and Payment Bond’, where a Payment Bond guarantees that the contractor will pay their obligated labor and material costs.

Do you need a Performance Bond? We can help, call us at 817-861-1200.

Steps to Obtain a Title Bond

Dec 122021
 

auto titleWe have Title Bonds starting at $110.00!

To obtain a bond with us, follow these steps:

STEP 1

Obtain a Rejection Letter (or Bond Kit) from the Department of Motor Vehicles (DMV), which:

    • specifies the value of the bond,
    • indicates any active liens on the vehicle, and
    • permits us to write a bond.

Texas Department of Motor Vehicles
2425 Gravel Dr
Ft. Worth TX 76118
817-590-2625

The Rejection Letter (or Bond Kit) will cost you $15.

STEP 2

Come see us. We are right across the street from Tarrant County Sub-Courthouse in Arlington, Texas.

Texas Commercial Liability Services
615 E Abram St – Suite C
Arlington TX 76010

Bring  with you:

    1. Rejection Letter (or Bond Kit) from DMV
    2. Bill of Sale (REQUIRED if there is indication of a lien)
    3. Letter of Lien Release Satisfaction (if applicable)

If there are no active liens on the vehicle we can get you a Title Bond in just a few minutes.

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