South Carolina Electronic Recovery Facility Bond Guide
If you’re running a consumer electronic equipment collection facility in South Carolina, you’ll need to file this surety bond.
Bond Overview
- Purpose: To ensure electronic collection facilities meet closure conditions
- Who Needs It: Electronics collection and recycling facility owners
- Regulating Body: The South Carolina Department of Health and Environmental Control
- Required Coverage: $1,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a South Carolina Electronic Recovery Facility Bond?
The South Carolina Department of Health and Environmental Control (DHEC) requires this bond for consumer electronic equipment collection and recovery facility owners.
A South Carolina electronic recovery facility bond provides financial assurance if a facility closes. If you do not meet the closure conditions, the state can file bond claims to recover damages.
How Much Do Electronic Recovery Facility Bonds Cost?
South Carolina electronic recovery facility bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a South Carolina electronic recovery facility bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the state as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a South Carolina Electronic Recovery Facility Bond Work?
An electronic recovery facility bond creates a legal contract between these three parties:
- Principal: You, the consumer electronic recovery facility owner(s) filing the bond
- Obligee: The South Carolina Department of Health and Environmental Control requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of South Carolina Regulation 61-124.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your electronic recovery facility bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
