Cumulative Liability
The aggregate amount of two or more bonds in behalf of the same principal (or in the case of fidelity or blanket bonds, in favor of the same obligee) filed in succession, where the succeeding bond(s) does not extinguish the liability under the prior bond(s) or the liability of the surety is the penalty of the bond times the number of years in force.
Surety Bond Resources
Receiving a Notice of Determination for a Bonded Title can be a pivotal moment in securing legal ownership of your...
Losing your car title in Texas can be stressful, as it’s essential for proving ownership and completing transactions. Without it,...
Understanding the difference between a bonded title and an abandoned title is crucial for anyone dealing with vehicle ownership issues...
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