Oregon Landowner's Water Well Bond
Pursuant to Oregon Statutes (ORS 690-205-0175), an landowner's water well bond is one of several requirements for permitting a private water well. Generally, any person who constructs, alters or abandons a well on behalf of another person must have a water supply well constructor's license or work under the supervision of one. The exception are private owners who are drilling and maintaining a well on his or her own behalf, in which case a permit is required. A separate permit is required for EACH supply well.
The Oregon landowner's water well bond is a compliance obligation that runs to the state Water Resources Department. The surety bond must be issued in the amount of $10,000 and executed by a surety company licensed to do business in the state. The obligation guarantees that the landowner will abide by the laws, regulations and standards of water well construction required by law or the Commission. Per Section (3), only the owner of record, a member of the owner's immediate family or a full time employee of the owner may operate a well drilling equipment under a this private permit. The landowner's water well surety bond must remain in effect until such time as the well is closed. The Commission reserves the right to claim on the bond for up to three (3) years from the date of cancellation of the same. The Water Resources Department offer several helpful downloads for potential applicants.
Oregon surety bond leader, Surety One, Inc. is a specialist in providing for the bonding needs of contractors. We offer this class of surety bond and performance bonds to all applicants in every state where surety bonding is required. Although personal credit is a factor in surety bond underwriting, we have programs to fit EVERY credit condition. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat regarding an Oregon landowner's water well bond application or to discuss your particular needs.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.
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