1. Thirty days before the bond being replaced (old bond) is cancelled, either contact a bonding company (surety) directly or contact your surety broker and get a replacement bond (new bond). In most cases, your surety or broker won’t need detailed instructions to issue the bond; if they do, give them the ARC Bond Form & Instructions. For a list of U.S Treasury approved sureties, go here. If your old bond is NOT being cancelled you may replace it at any time.
2. Ask your surety or broker to send the new bond directly to: ARC, Bond Department, Suite 600, 4100 N Fairfax Drive, Arlington, VA 22203. The new bond must be received by ARC prior to the cancellation effective date of the old bond and must have an effective date no later than the cancellation effective date of the old bond.

For more, see pages 3-6 of Calculations and Maintenance.

1. Thirty days before the bond being replaced is cancelled, contact any FDIC bank or federal credit union and obtain an LOC issued to ARC, using the ARC Letter of Credit Forms & Instructions. If your bond is not being cancelled, you may replace it with an LOC at any time.
2. Ask the bank representative to send the LOC directly to: ARC, Bond Department, Suite 600, 4100 N Fairfax Drive, Arlington, VA 22203. The LOC must be received by ARC on or before the cancellation effective date of the bond it is replacing.
3. In order for ARC to release the bond, you or your surety must provide a written request to the address above.
4. Upon receipt of the written release request, provided there is no change of ownership pending and provided that ARC has received an acceptable LOC, ARC will release the surety from liability. ARC will only send a Release of Liability to the issuing surety, not to the agency owner.

For more, see pages 3-6 of Calculations and Maintenance.

1. At least ten days prior to the cancellation date of your bond, complete the Cash Security Deposit application and submit it with a cashier’s or a certified funds check for the full amount of required coverage to: ARC, LOC Supervisor, Suite 600, 4100 N Fairfax Drive, Arlington, VA, 22203. If your bond is not being cancelled, you may submit the Cash Security Deposit application at any time.
2. In order for ARC to release your bond, you or your surety must provide ARC with a written request sent to the address above.
3. Upon receipt of the written release request, provided there is no pending change of ownership and provided ARC has received an acceptable CSD application, ARC will release the surety from liability. ARC will only send a Release of Liability to the issuing surety, not to the agency owner.

For more, see pages 3-6 of Calculations and Maintenance.

1. At least 30 days prior to the cancellation effective date of your LOC contact a bonding company (surety) directly or contact your surety broker and obtain a bond. In most cases, your surety or broker won’t need detailed instructions to issue the bond; if they do, give them the ARC Bond Form & Instructions. For a list of U.S Treasury approved sureties, go here. If your LOC is not being cancelled you may submit the bond at any time.
2. Ask your surety or broker to send the bond directly to: ARC, Bond Department, Suite 600, 4100 N Fairfax Drive, Arlington, VA 22203.
3. In order for ARC to release your LOC either you or its issuing bank must send a written request to the address above. Upon receipt of the written release request, ARC will return the LOC to its issuing bank.

Release of LOC:
Since the bond will not cover any debts incurred prior to its effective date, ARC will not release your LOC until 100 days after the bond’s effective date have passed.

If you wish your LOC to be replaced sooner, another option for you is to provide a backdated bond – a bond that has an effective date 100 days prior to the LOC issue date. Upon receipt of a backdated bond, ARC will release the LOC in ten business days to the issuing bank. CAUTION: backdating bonds is not a common practice and many sureties will not do so. In addition, some of the few sureties that will agree to backdate may do so for terms much shorter than 100 days.

For more, see pages 3-6 of Calculations and Maintenance.

1. Contact any FDIC bank or federal credit union and obtain a replacement (new) LOC issued to ARC, using the ARC Letter of Credit Forms & Instructions.
2. Ask the bank representative to send the new LOC directly to: ARC, Bond Department, Suite 600, 4100 N Fairfax Drive, Arlington, VA, 22203. If the old LOC is cancelling, the new LOC must be received by ARC 15 days before the cancellation effective date or ARC will draw on the old LOC.
3. In order for ARC to release the old LOC, you or the bank that issued it must provide a written request to the address above.
4. Once we have received an acceptable new LOC, and provided that there is no pending ownership change, the old LOC will be returned within ten business days to the bank that issued it.

If an acceptable new LOC is not received 15 business days prior to the cancellation effective date of the old LOC, ARC will draw on the old LOC. ARC will return in full the funds drawn from the old LOC to the issuing bank within ten business days of receipt of an acceptable new LOC.

If an LOC is replacing an LOC that is not cancelling, and provided that there is no pending ownership change, the old LOC will be returned within ten business days to the bank that issued it.

For more, see pages 3-6 of Calculations and Maintenance.

1. At least thirty (30) days prior to the cancellation date of your LOC, complete the Cash Security Deposit application and submit with a cashier’s or a certified funds check for the full amount of required coverage to: ARC, LOC Supervisor, Suite 600, 4100 N Fairfax Drive, Arlington, VA, 22203. If your LOC is not cancelling you may submit the Cash Security Deposit application at any time.
2. In order for ARC to release the LOC you or your bank must submit a written request to the address above.
3. Once ARC has received an acceptable CSD application, and provided that there is no pending ownership change, the LOC will be returned within ten business days to the bank that issued it.

For more, see pages 3-6 of Calculations and Maintenance.

1. Contact a bonding company (surety) or surety broker and obtain a bond. In most cases, your broker won’t need detailed instructions or help preparing the bond; if they do, give them the ARC Bond Form & Instructions. For a list of U.S Treasury approved sureties, go here.
2. Ask your surety or broker to send the bond to: ARC, Bond Department, Suite 600, 4100 N Fairfax Drive, Arlington, VA, 22203.
3. In order for ARC to release CSD funds, the signatory of the Cash Security Deposit Agreement must submit a written request to address above.

Release of CSD funds:
Since the bond will not cover any debts incurred prior to its effective date, ARC will not return CSD funds until 100 days after the effective date of the bond have passed. Following this period, and providing an acceptable bond has been received by ARC and that there is no pending ownership change, we will return CSD funds to the signatory of the CSD agreement within ten business days to the specific address he/she has indicated.

If you wish to have your CSD funds returned sooner, another option for you is to provide a backdated bond – a bond that has an effective date 100 days prior to ARC’s receipt of that bond. Upon receipt of a backdated bond, ARC will release the CSD funds to the signatory of the CSD agreement within ten business days. CAUTION: backdating bonds is not a common practice and many sureties will not do so. In addition, some of the few sureties that will agree to backdate may do so for terms shorter than 100 days.

For more, see pages 3-6 of Calculations and Maintenance.

1. Contact any FDIC bank or federal credit union and obtain a replacement LOC issued to ARC, using the ARC Letter of Credit Forms & Instructions.
2. Ask the bank representative to send the LOC directly to: ARC, LOC Supervisor, Suite 600, 4100 N Fairfax Drive, Arlington, VA, 22203
3. In order to release CSD funds, the signatory of the Cash Security Deposit Agreement must submit a written request to the address above. Once an acceptable LOC has been received and provided that there is no pending ownership change, we will return CSD funds to that signatory at the specific address he/she indicates within ten business days.

For more, see pages 3-6 of Calculations and Maintenance.

So we can best meet your needs, please contact us.

Frank Krischanowski: 703-816-8117 or fkrischanowski@arccorp.com
Corliss Slade: 703-816-8072 or cslade@arccorp.com