Lawrenceburg electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Lawrenceburg Utility Systems (LUS) — the municipal electric department serving more than 21,000 customers in Lawrence County — lets a customer post a surety bond to secure an electric-service account. LUS sets the required deposit; premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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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 LUS. Here is the whole thing:
Apply online
Your details, the deposit amount LUS required, and the effective date — that is the entire application.
Issued on the spot
No credit fields in the application and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
Deliver to LUS
Submit the executed bond to Lawrenceburg Utility Systems in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the LUS utility deposit bond actually does
When you open or hold a Lawrenceburg Utility Systems electric account, LUS — the municipal electric department serving Lawrence County and buying its power from TVA — can ask for a security deposit against unpaid bills. Rather than leaving cash on deposit, you can post a utility deposit surety bond for the same amount instead — LUS is protected, and your money stays in your business.
It is a three-party arrangement: you (the principal), the surety carrier, and Lawrenceburg Utility Systems (the obligee). If the account goes unpaid, LUS can recover the unpaid balance against the bond up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. For most customers the bond is simply a cheaper way to satisfy a deposit than tying up the full amount in cash. We issue LUS’s required amount from $100, and the application collects no credit information.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount LUS set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Bond your deposit, keep your cash.
Premiums from $100. Enter LUS’s deposit amount and deliver the same day.