Comment
We were advised by legal council and our banking representatives to refuse acceptance of surety bonds as collecting from them is difficult. At the very least, a significant percentage (25%?) should be covered by cash or letter of credit.
Supporting links
Submitted September 24, 2024 8:27 AM
Comment on
Enabling the Use of Pay-on-Demand Surety Bonds to Secure Land-Use Planning Obligations under Section 70.3.1 of the Planning Act.
ERO number
019-9198
Comment ID
100478
Commenting on behalf of
Comment status