South Carolina Health Club Special Deposit Bond
South Carolina Health Club Special Deposit Bond Information
A surety bond called a Health Club Special Deposit Bond is required as a physical fitness center security deposit pursuant to Section 44-79-80 of the Code of Laws of South Carolina. The purpose of the surety is to guarantee compliance with the S.C. Physical Fitness Services Act, S.C. Code § 44-79-10, et seq. (LAW CO-OP 1986) and ensure that contracted physical fitness services are provided to customers according to the terms and conditions set out by the Administrator. The bond is for the use of the State of South Carolina and any member that may have a cause of action against the physical fitness services center.
How Much Does a Health Club Bond Cost in South Carolina?
Bonds up to $25,000
1% of the Bond Amount
Bonds over $25,000