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Louisiana bonds

Louisiana — Lafayette Utilities System (LUS) Utility Deposit Bond

Prepare Lafayette Utilities System deposit security for the account identified in your LUS request. Use the utility's accepted bond form, legal customer name, and required amount before applying.

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Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
Louisiana

What this bond does

This offering supports a Lafayette Utilities System account's payment-security obligation. It is a utility deposit bond, separate from a construction or right-of-way bond for work in Lafayette.

Who needs it
LUS customers arranging a surety bond that the utility accepts for their account's deposit requirement.
Who it protects
Lafayette Utilities System receives security for the account duties defined in the form. The bond does not replace monthly bill payments or insure service interruptions.

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.

Identify the customer and secured services

Prepare the account or new-service reference, service address and legal customer entity. Use the services and recipient named in the required bond rather than assuming it covers every account held by the business.

Keep the account holder consistent across service paperwork and surety documents. A landlord, tenant and property manager can be different parties; use the customer responsible under the utility request.

Use the business account's deposit instruction

LUS's fees and deposits page directs business customers to the utility for business fee and deposit information. Its published residential deposit figures should not be substituted for a commercial requirement.

Have the account-security amount and accepted wording ready for the provider. There is one application option here; LUS's instructions supply the amount, effective date and services to be secured.

Apply for the accepted LUS security

Select Purchase Now to open Propeller's application for Lafayette Utilities System in a new tab. Supply the account identity and utility bond request. The provider must issue the bond before you can submit it to LUS.

After issuance, review the recipient and amount before delivery to LUS for acceptance. Complete service setup separately and retain billing, account-change and security-release instructions.

Sources

Have these ready

  1. LUS account reference and service address.
  2. Legal customer responsible for payment.
  3. Accepted bond form and business deposit instruction.
  4. Secured services, amount and effective date.

Questions about this bond

Can I use the residential deposit table for my business?

LUS directs business customers to obtain business-specific fee and deposit information. Use that account requirement.

Does this secure a street excavation permit?

No. This offering concerns LUS utility account deposit security.

Should the landlord always be the applicant?

Use the account customer responsible under the utility's security request.

Will buying the bond stop monthly billing?

No. Continue paying utility bills. The bond secures the obligations specified in its terms.

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