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:
The amount of surety required is 6 months of regular assessments as statutorily required by the subdivisions public report.
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:
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.
The 643j assessement bond is active for one year from the date of issuance. The bond will renew on an annual basis.
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.
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