Surety Types and Their Applications
When Land Development requires a surety for a project, the developer/builder has the option of providing a Letter of Credit, a Surety Bond, or a Cash Deposit. In the event of developer/builder failure, each of these surety types provides the City of Charlotte with a resource to contribute to the completion of the project in accordance with Subdivision Ordinance. However, the surety types differ in their purpose and application.
Learn more about surety types below