Little Ocmulgee EMC utility deposit bonds.
2% of the bond amount.
Little Ocmulgee Electric Membership Corporation, a member-owned electric cooperative serving south-central Georgia, will accept a surety bond in place of a cash security deposit from a new or reinstating account before starting service. Little Ocmulgee EMC sets the required amount, generally weighed against the applicant's credit standing. Premiums cost 2% of the bond amount, $100 minimum; the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and submit to Little Ocmulgee EMC. Here is the whole thing:
Apply online
Your account details, the service property address, the deposit amount Little Ocmulgee EMC quoted, and the effective date — that is the entire application.
Approved
The application collects no credit information, and most applications approve instantly. Larger amounts may get a brief review — if a check ever runs, it is a soft pull that will not touch your score.
Submit to Little Ocmulgee EMC
Submit the executed bond to Little Ocmulgee EMC in place of your cash deposit so service can start or continue. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually guarantees
Little Ocmulgee Electric Membership Corporation is a member-owned electric cooperative serving south-central Georgia. Like most Georgia EMCs, it can require a new or reinstating account to secure service with either a cash deposit or a surety bond of equal value, under its own membership and service rules rather than a state statute.
It is a three-party arrangement: you (the principal), the surety carrier, and Little Ocmulgee EMC (the obligee). If you fail to pay your electric bill, Little Ocmulgee EMC can claim against the bond up to its face amount; if the surety pays, you repay the surety. It substitutes for cash the cooperative would otherwise hold, not insurance for you.
The cooperative sets the amount for each account based on expected usage and credit standing. A bond frees up the cash a deposit would tie up; enter the figure on your Little Ocmulgee EMC notice and we price it from a $100 minimum with no credit information collected.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount Little Ocmulgee EMC quoted. The application collects no credit information, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Skip the cash deposit.
2% of the bond amount, $100 minimum. No credit information collected. Apply and submit to Little Ocmulgee EMC the same day.