Surety Bonds in South Carolina
3 bond types covered for South Carolina with statute-cited requirements, bond amounts, and filing process. Pages are sourced from official SC government documents and updated as laws change.
Residential Builder/Specialty Contractor License Bond
$5,000 to $15,000
Residential Builders post a $15,000 bond. Residential Specialty Contractors post $5,000 with power of attorney (or $10,000 for projects exceeding $5,000 total cost). Residential Electrical Contractors post $10,000 for projects exceeding $5,000.
Statute: S.C. Code Title 40, Chapter 59; S.C. Code of Regulations Chapter 106
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Motor Vehicle Dealer Bond
$15,000 to $50,000
Effective January 1, 2024 (2023 Act 51): $50,000 for motor vehicle dealers/wholesalers; $25,000 for motorcycle-only dealers; $15,000 for wholesale motor vehicle auctions.
Statute: S.C. Code Title 56 Chapter 15 (Section 56-15-320, as amended by 2023 Act 51)
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Notary Public Bond
No state bond required
South Carolina does not require a surety bond for notary public commissions.
Statute: S.C. Code Title 26, Chapter 1 (Notaries Public and Acknowledgments)
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