Surety Release/Return

Surety release/returns may be requested by completing a Final Inspection Request Form.

The following requirements apply:

• Subdivision Sureties (City Limits or Annexed Areas) - Must be kept current and in effect until such time a final inspection is performed, outstanding items are addressed, and the streets are accepted by the City of Charlotte for maintenance (streets listed in the Street Acceptance Report).
• Subdivision Sureties (Extra-Territorial Jurisdiction) - Must be kept current and in effect until such time a final inspection is performed, outstanding items are addressed (including the submission of required as-builts and copies of recorded plats), and the appropriate City of Charlotte Site Inspector accepts the project.
• Sidewalk Sureties - Must be kept current and in effect until such time a final inspection is performed, outstanding items are addressed, and sidewalk improvements guaranteed by the surety are accepted by the appropriate City of Charlotte Site Inspector.  Please contact your Site Inspector directly to arrange a final inspection for the purpose of surety release.  Upon approval, the Site Inspector will issue a written directive to Bond Administration to release the surety.

Upon release, a transmittal letter is processed to the Developer or Builder along with a copy of the surety document (Letter of Credit or Surety Bond).  The Original surety document, along with a courtesy copy of the transmittal letter, is provided to the Bank or Surety Company (Surety Agents receive courtesy copies of transmittal letters and copies of Surety Bonds).

Checks to return Cash Sureties are issued by Finance, and are sent under separate cover from the transmittal letter – usually within the next 7-10 business days.