What is a North Carolina Lost Instrument Bond?

Need a replacement for the instrument that you’ve lost ASAP? Find out how below!

North Carolina Lost Instrument Bond

What is a Lost Instrument Bond?

Issuing authorities will require you to submit this type of surety bond before they will issue a replacement for your valuable instrument.
The purpose of this surety bond is to protect them in case another person files a claim on the instrument that has been replaced.
This type of surety bond will also act as an assurance that you will surrender the new instrument to the issuing authority or surety for proper disposal if you’ve found the instrument that went missing.
Instruments are legal documents that have financial value. Some examples of these so-called important instruments are as follows:

  • Stock Certificate
  • Real Estate Certificates
  • Certificate of Deposit
  • Treasury Bills
  • Bond Futures
  • Cashier’s Check
  • Passbook

What is the North Carolina Lost Instrument Bond amount?

The bond amount varies widely. The surety bond premium, however, will depend on the value of the instrument, as well as your credit score.
Instruments that have a value of $5,000 or less can have a surety bond premium of $100.
For instruments that have more than $5,000 in value, the surety bond premium that you need to pay will be $20 per one thousand.


How can I get a North Carolina Lost Instrument Bond?

Here’s a step-by-step bonding process that we have made easier so that you can get your bond in no time:

You must first apply for this type of surety bond. If you are ready to do this now, you may APPLY HERE!
Our expert surety bond agent will guide you through the entire process – from the time you have applied until the bond is issued to you.

Next, you will be asked to submit a few important information that our underwriter will need to assess the following:

  • Your job or business history
  • Your credit score
  • Your financial strength

To avoid any delays, make sure that you have gathered the right information needed before submitting.

Once the underwriting process is done, we will immediately issue your bond and send it to you right away!

What is the process of replacing a lost instrument?

This will vary per issuing authority. Each has its own set of rules regarding instrument replacement. However, there are some common factors in this process such as the following:

  • You must submit an affidavit stating all pertinent facts about the lost instrument
  • You will have to submit a written statement about the circumstances of the lost instrument
  • You will be asked to submit proof of identity
  • You must submit a surety bond


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