A Utility Deposit Bond is accepted in place of a cash deposit by the Memphis Light, Gas and Water Division in the state of Tennessee. This Bond ensures the applicant (principal) has agreed to pay for light, gas and/or water services provided. Therefore the principal will be required to follow all rules and regulations set by Memphis Light, Gas and Water Division (obligee) to ensure prompt and faithful payment. This Bond also ensures the applicant will comply with all local and state laws.
To learn more, please visit the Memphis Light, Gas and Water Division website.
Call us at (855) 952-6633 to speak with a Surety Bond Expert
What happens after I apply online for my Surety Bond?
Step #1: A Surety Bond underwriter will immediately review your application, if it has been fully completed.
Step #2: A friendly Surety Bond expert will reach out to you to explain your quote or request additional information.
Step #3: Once you accept your quote and pay any premium due, your Surety Bond will be issued and delivered immediately.