Louisiana LUS deposit bonds.
From $100.
Lafayette Utilities System collects a security deposit on most new accounts unless a customer shows a 12-month favorable payment history with a letter of credit from a prior utility. A surety bond posted with its credit or billing office frees up that cash instead. Premiums run 2% of the bond amount, $100 minimum.
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How much does a Louisiana LUS 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 the standard deposit bond — enter your amount, pay, and file with LUS. Here is the whole thing:
Apply online
Your account details, the service address, the deposit amount LUS assigned, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000.
File with LUS
Submit the executed bond to LUS customer service in place of the cash deposit on your account. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the LUS deposit bond actually replaces
Lafayette Utilities System (LUS) is the municipally-owned utility, part of Lafayette Consolidated Government, that supplies electric, water, and wastewater service inside the city of Lafayette, Louisiana. Like most utilities, LUS asks new and higher-risk customers for a security deposit before turning on service — its published residential schedule runs from $60 for water-only up to $500 for an account it can't verify through a prior-payment history.
LUS's own published waiver path is a letter of credit from a prior utility showing no late payment in 12 consecutive months. Short of that, the deposit is due in cash at the time you request service, and it is refundable once you build a favorable payment record — LUS states 36 consecutive months of on-time payment as its refund benchmark, or on disconnection of service. A surety bond in the same amount is a cash-free alternative some customers arrange directly with LUS's credit or billing department instead of tying up that money for months.
A deposit bond is a guarantee, not a payment — if the account goes unpaid and is disconnected, LUS can claim against the bond up to its face amount for the unpaid balance, and if the surety pays, you repay the surety. Business accounts are set separately from the published residential schedule; ask LUS customer service for your account's specific figure. Enter the amount LUS assigned; we price the bond at 2% of that figure, $100 minimum, with no credit check up to $15,000 in the application.
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
File with LUS. Submit the executed bond to LUS customer service in place of the cash deposit on your account. Wet-ink originals mailed whenever the office insists.
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, issued on the spot.
Submit the application with the deposit amount LUS assigned your account — the executed bond is generated instantly, ready to file with customer service.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit hold.
Rate is 2% of the bond amount, $100 minimum. Enter the deposit LUS assigned and file with customer service the same day.