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Georgia Long Term Care Facility Residents' Fund Bond

Georgia Long Term Care Facility Residents' Fund Bond

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Who Requires the Long Term Care Facility Residents' Fund Bond and Why Is It Needed?

The Commissioner of Community Health of the State of Georgia requires the Long Term Care Facility Residents' Fund Surety Bond to ensure that the bonded business faithfully accounts for all residents' funds received or managed, and disburses or expends such funds only as requested or required under the provisions of the state.

How Much Will My Surety Bond Cost?

Some Georgia Long Term Care Facility Residents' Fund Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The bond protects the residents of the long term care facility who deposit funds against fraud in the management of these funds by the facility. The liability of the surety for any and all losses incurred under this bond shall not exceed the stated penal sum. This obligation may be canceled by the surety by giving thirty (30) days notice in writing of its intention to do so to said Principal and the Department of Community Health, Healthcare Facilities Regulation Division.




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