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California 643J Assessment Bond

by | Feb 5, 2020 | License & Permit Bonds

The California 643J assessment bond is offered, upon approval of your good credit, at 1.5% of the amount of the surety bond required. The bond places you in compliance with Section 2792.9 of the California DRE. Please call AmeriPro Surety Bonds today at 844-589-9732.

California 643J Assessment Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

California Department of Real Estate

 

 

 

The California 643J assessment bond is a requirement of the California Department of Real Estate. This surety bond keeps those who are required to purchase it in compliance with Section 2972.9 of Chapter 6, Title 10, of the California Code of Regulations, as amended.

As statutorily stated, this surety bond does the following:

  • It is a financial guarantee that you will fulfill your obligations as a subdivider and owner of separate interests. The bond is also a financial guarantee of your compliance with RE 643.

 

 

Amount of Surety Bond Required

 

 

 

The amount of surety required is 6 months of regular assessments as statutorily required by the subdivisions public report.

 

 

 

Qualifying and the Premium

 

 

 

To qualify for the California 643J assessment bond, a strong and good credit profile are required. An underwriter review to include a credit check is also required. When you call us, we’ll ask you the following:

  • Your company name, address, phone number, type of business (LLC, corporation, etc.) and the number of years you’ve been in business.
  • Your name, contact information, social security number, and whether or not you are a property owner.

Then, we’ll request the name and contact information of the obligee. The obligee is the entity which is requiring you to obtain the 643J surety bond.

After review by an underwriter, and upon approval of your credit, the approval rate will be 1 ½% of the amount of your surety bond.

Upon payment of the premium, your bond is issued to you immediately and mailed to you by the following business day. Overnight delivery of your bond is available for an additional fee.

 

 

 

Surety Bond Term

 

 

 

The 643j assessement bond is active for one year from the date of issuance. The bond will renew on an annual basis.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides real-estate related surety bonds throughout California. We are also a provider 643K subsidy surety bonds and California lost deeds of trust bonds.

Additionally, our agency is an online aggregator of license and permit, court, and probate surety bonds in all 50 states.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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