California Unlawful Detainer Assistant Bond
Know the importance of this bond and how to get one fast!
What is a California Unlawful Detainer Assistant Bond?
It is a written legal promise that every person who is applying for an unlawful detainer assistant license must furnish.
The purpose of this bond is to ensure that the license applicant will comply with the relevant laws when providing assistance or advice—for a fee—in the prosecution or defense of an unlawful detainer claim or action which includes a bankruptcy petition that may affect the unlawful detainer claim or action.
The said law pertains to Division 3, Chapter 5.5 of the California Business and Professions Code. If the said licensee violates any of the provisions of the said Code, the person who will suffer damages due to the misconduct of the licensee can file a claim against this bond.
How much does a California Unlawful Detainer Assistant Bond cost?
This will depend on the license applicant’s credit score. Those who have excellent credit scores will be eligible to pay as low as 1% of the bond amount.
The bond amount is $25,000.
How can I get a California Unlawful Detainer Assistant Bond?
We’ve made the application easy so that you will get your bond quickly. Just follow these simple steps:
STEP 1: The first thing to do is to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
We will immediately process the application once we have received it. One of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
STEP 2: An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
STEP 3: Once the prequalification process is fulfilled, you will be asked to sign an indemnity agreement. After that, your bond will be issued and sent to you!
How does a California Unlawful Detainer Assistant Bond work?
The principal (license applicant) is the party who will obtain the bond. The principal is also the party who is required to perform all the pre-determined conditions stated in the bond. The Obligee (State of California) is the bond’s beneficiary. The role of the surety is to assure the obligee that the principal is capable of fulfilling the obligations covered by the license. When a claim is made against the bond, the surety will evaluate the claim by identifying the laws that govern it. The surety will also check the scope of the license.
The surety is required to ensure that the obligee will be paid if the claim is valid. After the payment has been settled by the surety, the principal will be asked to reimburse the said payment.
Ready to apply? START HERE!