A company who hires housekeepers, maid services, or residential cleaning services, may wish to have this bond in place to cover any acts of dishonesty or theft possibly made by that employee. With this bond in place, you not only will protect your business, but also your customers from losses that may incur as a result of theft committed by unethical employees.
A surety bond required by banks or other financial agents to properly re-convey an open note found on a preliminary title report. A Lost Trust Deed Bond is provided to the lender to clear the title to the real estate of a trust deed when the beneficiary cannot be located to execute and file a re-conveyance. Re-conveyance is when title to the real estate is transferred from the trustee back to the borrower when the secured debt is fully paid. The bond is typically recorded with the recorder or county clerk for the county where the property is located. The bond term is a three-year non-renewable term.
The California Department of Housing and Community Development requires owners of mobile homes, commercial coaches, truck campers or floating homes without sufficient evidence of ownership to post a surety bond. The amount of the bond is equivalent to the market value of the vessel at the time of registration. The surety bond will be issued for a three-year term that will not renew with the Department of Housing and Community Development.