[WSBARP] Contractor Bond question

[Gwendolyn Cornwell]

I have a contractor client that got himself into a bit of a mess during COVID.  I don't normally deal with the bonds, so this is outside my regular practice.  He has two judgments against him in favor of property owners.  His bond company is putting the bond money in the court registry and filing Assignments of Judgment and a Consolidation and Tender Order.  My client is required to pay the bond company back before there can be a satisfaction of judgment on either matter, correct?

Is the bond company right in doing this?

Thank you!

Gwendolyn Cornwell
Attorney
GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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