This bond is usually required by a local, State, or Federal entity. Bonds in excess of $10,000 are underwritten. Good credit is required for the lowest rate. These bonds range from 2% and higher. There is a $150 minimum.
General Note: Some bonds can be instantly issued and some can be issued within a few hours. If the bond needs to be underwritten it can take 72 hours or longer depending upon the size and complexity of the bond.