Tullahoma utilities deposit bonds.
From $100.
The Tullahoma Utilities Board (Tullahoma Utilities Authority) lets a customer post a surety bond in place of a cash security deposit on a utility account. The board sets the deposit amount at enrollment. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Tullahoma utilities 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 board. Here is the whole thing:
Apply online
Your details, the deposit amount the board required, and the effective date — that is the application.
Issued on the spot
No credit check up to $10,000 except for corporations and LLCs, so most bonds generate the moment you pay. No credit check up to $10,000 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
Deliver to the Tullahoma Utilities Board
Submit the executed bond to the board 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 Tullahoma Utilities Board is an independent agency of the City of Tullahoma that supplies electric, water, and wastewater service. When a customer opens or reinstates an account, the board can ask for a security deposit against unpaid bills. Rather than leaving cash on deposit for as long as the account is open, a customer can post a utility deposit surety bond for the same amount instead.
It is a three-party arrangement: you (the principal), the surety carrier, and the Tullahoma Utilities Board (the obligee). If the account goes unpaid, the board 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. The deposit requirement is set by the board’s own credit and collections policy rather than a numbered state statute; we issue the amount the board confirms, from $100, and no credit check up to $10,000 except for corporations and LLCs.
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 the Tullahoma Utilities Board. Submit the executed bond to the board 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 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
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 board 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 board’s deposit amount and deliver the same day. Free until issued.