North Little Rock deposit bonds.
From $100.
The City of North Little Rock Electric Department will accept an automatically renewable surety bond in place of a cash deposit whenever the required deposit exceeds $300. The premium is 2% of the bond amount, $100 minimum, and your exact price appears at the application.
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How much does a North Little Rock deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for a utility deposit bond — enter your amount, pay, and deliver the executed bond to North Little Rock Electric. Here is the whole thing:
Apply online
Your account number, the location of service, the deposit amount North Little Rock Electric required, and the effective date — that is the application.
Issued
No credit check up to $15,000. Larger deposits may get a quick review, but the standard utility deposit bond moves fast.
Deliver to North Little Rock Electric
Submit the executed bond to the Electric Department to satisfy the deposit and activate or keep your service. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
When you open service, the City of North Little Rock Electric Department can require a security deposit — commercial or industrial accounts are typically deposited at an amount not to exceed two estimated maximum monthly bills. When the required deposit exceeds $300, the department will accept an automatically renewable surety bond (or an irrevocable letter of credit from a local bank) instead of cash.
The amount is the deposit North Little Rock Electric sets for your account, based on your estimated maximum monthly usage at the serviced property. The bond stands behind your electric charges — if the account goes unpaid and is closed, the department can recover its loss against the bond, up to the bond amount.
It is not insurance for you — if the surety pays the utility on an unpaid account, you repay the surety. For a business that would rather not tie up cash with the city, a one-time premium starting at $100 is the cheaper way to satisfy the requirement. (North Little Rock's water service is separately provided through Central Arkansas Water, which has its own deposit and bond policy.)
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to North Little Rock Electric. Submit the executed bond to the Electric Department to satisfy the deposit and activate or keep your service. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then deliver it.
Submit the application with your account number, the location of service, and the deposit amount the Electric Department set — your exact price appears at the application.
Start the application →Common questions.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Premiums from $100. Enter the deposit North Little Rock Electric set, see your exact price before you pay, and deliver the bond the same day.