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Nearly 1 In 3 Texas Contractors Operating With Expired Surety Bonds, New Public Data Tool Reveals
eTradeWire News/10840092
Texas-Licensed Surety Agency Launches Free Real-Time Bond Verification System (775,000+ TDLR Records)
WYLIE, Texas - eTradeWire -- Quantum Surety LLC (TDI License #3480229) today announced the launch of a free public bond compliance verification system covering all licensed contractors and notaries in Texas — and the data reveals a significant consumer protection problem: 29.3% of all Texas Department of Licensing and Regulation (TDLR) licensees are currently operating with expired surety bonds. The free tool, available at verify.quantumsurety.bond, allows any Texas homeowner or business owner to instantly verify whether a contractor's surety bond is active before signing a contract. KEY FINDINGS FROM TDLR PUBLIC DATA: - 226,767 of 775,173 Texas TDLR-licensed contractors (29.3%) have expired bonds - Apprentice electricians: 46.9% non-compliance rate (93,509 out of 199,435) - Air conditioning technicians: 38.9% non-compliance (15,195 out of 39,040) - Consent tow truck operators: 44.8% non-compliance (2,724 out of 6,082) - Harris County alone: 36,889 contractors with lapsed bonds "A surety bond is the homeowner's financial backstop when a contractor walks off a job or causes damage," said Theodore Sparks, founder of Quantum Surety LLC. "When nearly one-third of TDLR licensees have lapsed bond coverage, consumers think they're hiring a licensed, bonded contractor — but they may have no real recourse if something goes wrong. We built this tool to put that information in consumers' hands before they write the check." The Bond Watch system provides real-time contractor bond status lookup for all 775,000+ TDLR license records, a county-by-county compliance leaderboard, trade-by-trade compliance breakdown, and free "Bond Verified" QR codes for compliant contractors to display on trucks and signage. All data is sourced directly from TDLR via the public Socrata dataset and Texas Secretary of State public records, refreshed monthly. Quantum Surety LLC is a Texas-licensed surety bond agency headquartered in Wylie, Texas providing instant online surety bonds for Texas notaries, TDLR-licensed contractors, motor vehicle dealers, mortgage brokers, and businesses statewide. Bond verification: verify.quantumsurety.bond Free verification tool: https://verify.quantumsurety.bond
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Source: Quantum Surety LLC
Filed Under: Insurance
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