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Tennessee bonds

Southwest Tennessee Electric Membership Corporation, TN — Utility Deposit Bond

Prepare Southwest Tennessee Electric Membership Corporation deposit security from its account request. Match the legal customer, covered electric accounts and required amount.

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Recorded state
Tennessee
Category
Utilities

What this bond does

The offering secures electric-customer payment duties under the corporation's accepted bond.

Who needs it
Customers asked to provide security matching the named electric corporation.
Who it protects
The recipient in the accepted form receives account security. You still pay electric bills.

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

Use the corporation's full legal recipient wording rather than initials or a regional description. Keep any added location or customer-name change with the request; existing membership does not establish the amount or scope of a new security obligation.

One application opens with Propeller in a new tab through Purchase Now, without fixed amounts or terms. Prepare the requested form, amount and effective date. After issuance, check and submit the document as instructed. Acceptance, membership requirements and power activation remain separate.

Sources

Have these ready

  1. Actual corporation security notice and accepted form.
  2. Legal customer, Tennessee locations and covered electric accounts.
  3. Required amount, effective date and delivery directions.

Questions about this bond

Does membership establish the bond amount?

Use the amount in the actual account-security request; membership alone does not supply it.

Can initials replace the full recipient?

Use the legal corporation wording required by the notice and accepted form.

Will applying release previous security?

No automatic release follows. Confirm acceptance and replacement instructions with the corporation.

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