Blanket Surety Bond {RE 600A}

RE 600A, BLANKET SURETY BOND (§11013.2/.4), WHEREAS, Principal is engaged in the development of lots or parcels of subdivided land in various places within the State of California for sale to the public or to contractors. Prior to the offer for sale of such subdivided land, Principal must obtain a Final Subdivision Public Report from the Real Estate Commissioner, or, in the case of subdivisions that comply with the provisions of Section 11010.4 of the Business and Professions Code of the State of California, comply with the provisions of Section 11013.2 or 11013.4 of the Business and Professions Code of the State of California; and WHEREAS, Principal has elected, in lieu of individual tract bonds, to give this surety bond to the State of California in compliance with Section 11013.2(c) and/or Section 11013.4(b) of the Business and Professions Code of the State of California, as applicable, as a blanket and continuing obligation for the benefit and protection of each and every purchaser of any lot or lots within each and every subdivision now or hereafter offered for sale or lease, or sold or leased by Principal directly or through his agents in the State of California. www.FormsWorkflow.com