North Dakota
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North Dakota surety bonds are required for industries such as real estate and automobile sales, and they are almost always a must for contractors in the construction industry.
There are several different types of bonds that you can purchase, so it can be confusing to know exactly what you need. Fortunately, most bonds work in roughly the same way.
A bond is a contract between a principal, an obligee, and a surety. The principal purchases a bond from a surety, but the bond mainly protects the obligee. When the obligee hires the principal to perform a certain service, the principal is obligated to do so. If the principal fails to hold up to their end of the bargain, the obligee can file a claim against the surety bond. If the claim is found to be valid, the obligee is reimbursed by the surety according to the terms of the bond. It is then up to the principal to reimburse the surety for the amount that was paid to the obligee.
Common North Dakota Surety Bonds
North Dakota surety bonds are required for industries such as real estate and automobile sales, and they are almost always a must for contractors in the construction industry.
There are several different types of bonds that you can purchase, so it can be confusing to know exactly what you need. Fortunately, most bonds work in roughly the same way.
A bond is a contract between a principal, an obligee, and a surety. The principal purchases a bond from a surety, but the bond mainly protects the obligee. When the obligee hires the principal to perform a certain service, the principal is obligated to do so. If the principal fails to hold up to their end of the bargain, the obligee can file a claim against the surety bond. If the claim is found to be valid, the obligee is reimbursed by the surety according to the terms of the bond. It is then up to the principal to reimburse the surety for the amount that was paid to the obligee.
Common North Dakota Surety Bonds
Freight Broker Bond
Auto Dealer Bond
Contractors Bond
Mortgage Bond
Collection Agency Bond
Credit Services Organization Bond
How do I purchase a North Dakota surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in North Dakota. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
North Dakota Surety Bond FAQs
North Dakota residents and businesses often need several bond types:
- Notary bonds: $7,500 required by the Secretary of State for each four-year commission.
- Contractor license bonds: Ranging from $1,000 up to $25,000 depending on type and municipality (e.g., Fargo requires $25,000 for sidewalk builders).
- Water well contractor bonds: $2,000-$15,000 depending on well type
North Dakota notary bonds are issued for $7,500 coverage over a four‑year term, with premiums typically around $50. Prices may vary slightly based on optional errors and omissions insurance or applicant credit.
Contractor license bonds are a flat fee, $100 per year for most bond amounts statewide; however, specific city requirements like Fargo's $25,000 sidewalk contractor bond cost $125 annually.
Specialized trades and larger bond amounts may cost more, particularly if underwriting factors such as credit come into play.
Yes. Surety providers typically offer bond rates based on credit:
- With good credit (700+), rates are 1 to 4% of the bond amount
- Average credit (600–699): around 3 to 5%
- Low credit (< 599): 5 to 10% or higher
Even with lower credit, approval is possible, especially for lower-risk bonds. Options like collateral or co-signers can help you qualify.
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