N.Y. Comp. Codes R. & Regs. tit. 21 § 4253.8
Current through Register Vol. 46, No. 51, December 18, 2024
A participating surety company may charge application fees, commitment fees, bonding premiums and other reasonable fees and expenses pursuant to a schedule of fees and expenses adopted by the surety company and approved in writing by the corporation. The corporation may require a contractor participating in the program to pay the corporation for its out-of-pocket costs in connection with the program assistance for the contractor, including, without limiting the foregoing, the costs with respect to letter of credit and other guarantees to be provided to a surety company in connection with bonds for such contractor's contract.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 4253.8