Cedar Falls utility deposit bonds.
From $100. Skip the cash deposit.
When the Municipal Electric Utility of the City of Cedar Falls (Cedar Falls Utilities) asks a customer for a security deposit, a surety bond can stand in for the cash. The utility sets the amount — pricing runs 2% of the bond amount, $100 minimum, and your exact price appears at the application, so your money stays in your account.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to the utility. Here is the whole thing:
Apply online
Your business details, the deposit amount the utility required, and the effective date — that is the entire application.
Issued on the spot
Most applicants approve instantly and the executed bond is generated as soon as you pay. If a check runs, it is a soft pull that never affects your credit score; larger amounts may get a quick review.
Deliver to Cedar Falls Utilities
Submit the executed bond to the Municipal Electric Utility of Cedar Falls in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
The Municipal Electric Utility of the City of Cedar Falls — Cedar Falls Utilities — can require a security deposit from a commercial or higher-risk customer before turning on service. The deposit protects the utility against an unpaid final bill. A surety bond is an accepted alternative that lets you keep your cash.
It's a three-party arrangement: you (the principal), the surety carrier, and the Municipal Electric Utility of Cedar Falls (the obligee). If you leave an unpaid balance the utility can recover up to the bond amount, instead of drawing down a cash deposit it was holding.
If the surety pays the utility, you repay the surety — so customers who pay their electric bills never see a claim. The bond amount equals the deposit the utility set; we price it at 2% of that amount, $100 minimum, with only a soft credit pull for approval.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Cedar Falls Utilities set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Iowa bonds.
Cedar Falls utility deposit bond, issued today.
Pricing from $100. Enter the deposit amount and keep your cash.