Southwest TN EMC deposit bonds.
From $100.
Southwest Tennessee Electric Membership Corporation lets a member post a surety bond in place of a cash security deposit on an electric-service account. The cooperative sets the deposit amount, and premiums cost 2% of the bond amount, $100 minimum.
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How much does a Southwest TN EMC 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 underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to the cooperative. Here is the whole thing:
Apply online
Your details, the deposit amount the cooperative required, and the effective date — that is the application.
Issued on the spot
No credit check up to $10,000, so most bonds generate the moment you pay. No credit check up to $10,000.
Deliver to Southwest TN EMC
Submit the executed bond to the cooperative 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
Southwest Tennessee Electric Membership Corporation’s Schedule of Rules and Regulations provides that "a deposit or suitable guarantee may be required of any Member before electric service is supplied." Rather than leaving cash on deposit for as long as the account is open, a member can post a utility deposit surety bond for the same amount instead.
Southwest Tennessee Electric Membership Corporation is the member-owned electric cooperative serving Haywood, Fayette, Tipton, Chester, and surrounding counties.
It is a three-party arrangement: you (the principal), the surety carrier, and Southwest Tennessee EMC (the obligee). Under the cooperative’s rules, the deposit is applied against unpaid bills upon termination of service, with any remaining balance refunded to the member — and if the surety pays a claim against the bond, you repay the surety.
Southwest TN EMC is organized under Tennessee’s Rural Electric and Community Services Cooperative Act (Tenn. Code Ann. Title 65, Chapter 25), but the deposit requirement itself is set by the cooperative’s own published Schedule of Rules and Regulations, not a numbered statute section — we issue the amount the cooperative confirms, from $100, and no credit check up to $10,000.
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
Deliver to Southwest TN EMC. Submit the executed bond to the cooperative in place of your cash deposit. Wet-ink originals mailed on request.
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 $10,000. 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 the cooperative set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Bond your deposit, keep your cash.
From $100. Enter the cooperative’s deposit amount and deliver the same day. Free until issued.