Bond (Completion Of Common Facilities) {RE 611} | Pdf Fpdf Docx | California

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Bond (Completion Of Common Facilities) {RE 611} | Pdf Fpdf Docx | California

Last updated: 3/23/2022

Bond (Completion Of Common Facilities) {RE 611}

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Description

RE 611, BOND (COMPLETION OF COMMON FACILITIES), If you are engaged in the development of Common Facilities, §11018.5(a)(2)(A) of the California Business and Professions Code requires that you execute a California Completion of Common Facilities Bond. A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Completion of Common Facilities Bond holds you accountable for your business decisions. By possessing a California Completion of Common Facilities Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions. www.FormsWorkflow.com

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