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Lakeland utility deposit bonds.
From $100.
Instead of tying up cash, a Lakeland utility customer can post a surety bond the City of Lakeland Utilities accepts in place of the required security deposit on an electric, water, or wastewater account. The bond amount is the deposit the City set. Pricing is 2% of the bond amount, $100 minimum.
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Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to the City. Here is the whole thing:
Apply online
Your details, the deposit amount the City of Lakeland required, and the effective date — at the standard amounts, that is the entire application.
Issued on the spot
At the standard amounts the application collects no credit information, so most bonds issue immediately — the executed bond is generated as soon as you pay. Larger amounts may get a quick soft-pull review, which never affects your credit score.
Deliver to the City of Lakeland Utilities
Submit the executed bond to the City of Lakeland Utilities to satisfy the deposit on your account. Wet-ink originals mailed on request.
What it is and who needs it.
What the Lakeland utility deposit bond actually does
The City of Lakeland runs its own municipal utilities — Lakeland Electric plus water and wastewater service — and, like most utilities, can require a security deposit on a new or higher-risk account. A surety bond is a way to satisfy that requirement without parking cash with the City.
The bond runs to the City of Lakeland as the obligee. If the account goes unpaid and the City is left short after applying the customary remedies, it can recover against the bond up to the bonded amount — the same protection a cash deposit would give it, funded for a fraction of the deposit instead of the full balance.
It is not insurance for you. If the surety pays the City on a delinquent account, you repay the surety. Customers who keep the account current treat the bond as a way to free up the cash a deposit would otherwise lock away.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the City of Lakeland set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Florida bonds.
Free up the cash a deposit would lock away.
Pricing from $100. Enter the deposit the City set and deliver it the same day.