You need this bond if you're
- A general contractor whose payments are being held
- A property owner or public agency holding funds
- A construction lender holding loan funds
What the surety looks at
The claim, the dispute behind it and your finances.
Court and release bond
Stop payment release bonds.
In a few states, an unpaid subcontractor or supplier can serve a stop payment notice (also called a stop notice) on the owner or construction lender, which then holds back money owed on the job. A release bond lets that money be paid out; the claimant then claims against the bond instead.
By state
Stop payment release bonds by state.
Alabama stop payment notice release bondAlaska stop payment notice release bondArizona stop payment notice release bondArkansas stop payment notice release bondCalifornia stop payment notice release bondColorado stop payment notice release bondConnecticut stop payment notice release bondDelaware stop payment notice release bondDistrict of Columbia stop payment notice release bondFlorida stop payment notice release bondGeorgia stop payment notice release bondHawaii stop payment notice release bondIdaho stop payment notice release bondIllinois stop payment notice release bondIndiana stop payment notice release bondIowa stop payment notice release bondKansas stop payment notice release bondKentucky stop payment notice release bondLouisiana stop payment notice release bondMaine stop payment notice release bondMaryland stop payment notice release bondMassachusetts stop payment notice release bondMichigan stop payment notice release bondMinnesota stop payment notice release bondMississippi stop payment notice release bondMissouri stop payment notice release bondMontana stop payment notice release bondNebraska stop payment notice release bondNevada stop payment notice release bondNew Hampshire stop payment notice release bondNew Jersey stop payment notice release bondNew Mexico stop payment notice release bondNew York stop payment notice release bondNorth Carolina stop payment notice release bondNorth Dakota stop payment notice release bondOhio stop payment notice release bondOklahoma stop payment notice release bondOregon stop payment notice release bondPennsylvania stop payment notice release bondRhode Island stop payment notice release bondSouth Carolina stop payment notice release bondSouth Dakota stop payment notice release bondTennessee stop payment notice release bondTexas stop payment notice release bondUtah stop payment notice release bondVermont stop payment notice release bondVirginia stop payment notice release bondWashington stop payment notice release bondWest Virginia stop payment notice release bondWisconsin stop payment notice release bondWyoming stop payment notice release bond
FAQs
Common questions.
How is this different from a lien release bond?
A lien release bond frees the property. A stop payment notice release bond frees the money being held by the owner or lender.
What does it cost?
You pay a premium, not the bond amount. The surety sets the premium after it reviews your application, usually as a percentage of the bond amount. We show you the terms before you commit.
How do I get one through BLDAssure?
Apply once with us. We collect the details the surety needs, Propeller Bonds (our surety partner) reviews the application and issues the bond, and we help you file it with whoever requires it.
Get prequalified for your next bond.
One application, reviewed by our surety partner Propeller. We show you the terms before you commit.