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Iowa bonds

Iowa — Maquoketa Valley Electric Cooperative Utility Deposit Bond

Prepare Maquoketa Valley Electric Cooperative deposit security with the accounts in its request. Confirm the Iowa electric customer and final security amount before applying.

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Recorded state
Iowa
Category
Utilities

What this bond does

The offering concerns customer-account payment security under the cooperative's accepted form.

Who needs it
Maquoketa Valley Electric customers directed to provide a utility deposit bond.
Who it protects
The named cooperative receives security for the stated account duties. It does not pay ordinary electric bills or insure the customer's premises.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details

Keep the current security notice with the full cooperative recipient wording and each covered meter or location. If the cooperative has revised an earlier notice, confirm the final account scope and amount rather than combining conflicting instructions.

One application route is available without preset amount or term choices. Prepare the accepted form and effective date. Purchase Now opens Propeller in a new tab. After issuance, check the document against the final request and submit as instructed. Acceptance, service arrangements and release of earlier security remain separate.

Sources

Have these ready

  1. Current cooperative security notice and accepted form.
  2. Legal electric customer, Iowa locations and covered meter/account references.
  3. Final required amount, effective date and delivery directions.

Questions about this bond

Which notice should I use if the amount was revised?

Have the cooperative confirm the final required amount and use that notice for the application.

Can one document cover several meters?

Use the account and meter scope the cooperative specifies. Do not assume a single application covers every location.

Is there a preset amount to select here?

No fixed amount choices are shown. Bring the cooperative's amount for the accounts being secured.

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