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§115.65. General PSB procedures. — Inbound Citations

13 C.F.R. § 115.65

Cited by 2 regulations in release Current.

Citations to §115.65(c)(1)

  • (a) The PSB Surety must process Contract or bond amount increases within its allotment in the same manner as initial guaranteed bond issuances (see § 115.65(c)(1)). The Surety must present checks for additional fees due from the Principal and the Surety on any increases aggregating 25% of the original Contract or bond amount or $500,000, whichever is less, and attach such payments to the respective monthly bordereau. If the additional Principal's fee or Surety's fee is less than $250, such fee is not due until all unpaid increases in such fee aggregate at least $250.

Citations to §115.65(c)(2)