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Tennessee bonds

Tennessee — Lenoir City Utilities Board Utility Deposit Bond

Prepare Lenoir City Utilities Board deposit security with the customer and accounts identified in its request. Confirm the amount and accepted form before applying.

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Recorded state
Tennessee

What this bond does

The offering concerns customer-account payment security under the board's accepted bond.

Who needs it
Board customers asked to arrange utility deposit-bond security for specified accounts.
Who it protects
The named board receives security for the stated account obligation. The customer remains responsible for service 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

Match Lenoir City Utilities Board's full recipient wording rather than treating the city government or any Lenoir-named utility as interchangeable. Have the board identify the services and accounts to include; a Utilities Board title does not establish blanket coverage.

The page offers one application without fixed amount or term choices. Prepare the required amount, accepted form and effective date. Purchase Now opens Propeller in a new tab. After issuance, check and submit the document as instructed. Board acceptance, service activation and release of previous security remain separate.

Sources

Have these ready

  1. Board's written security request and accepted form.
  2. Legal customer, Tennessee service addresses and covered account references.
  3. Required amount, effective date and delivery instructions.

Questions about this bond

Can I name the city instead of the board?

Use the legal recipient specified in the board's actual request and accepted form.

Does the board name cover all services at my premises?

Use only the services and accounts the request and accepted bond identify.

Can I rely on a prior account's amount?

Have the board confirm the required amount for the accounts now being secured, even if the customer has held earlier security.

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