{"data":{"id":"us/45-cfr-1629.6","jurisdiction":"us","citation":"45 CFR 1629.6","heading":"What is the required minimum level of coverage?","body":"(a) A recipient must carry fidelity bond coverage or similar coverage at a minimum level of at least ten percent of its annualized funding level for the previous fiscal year.\n(b) If a recipient is a new recipient, the coverage must be at a minimum level of at least ten percent of the initial grant.\n(c) Notwithstanding paragraphs (a) and (b) of this section, recipients must not carry coverage under this part at a level less than $100,000.","path":["Title 45—Public Welfare","Subtitle B—Regulations Relating to Public Welfare","CHAPTER XVI—LEGAL SERVICES CORPORATION","PART 1629—BONDING REQUIREMENTS FOR RECIPIENTS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-45.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:21Z","sha256":"5982b7e32eef4b2cb8db2037f2f736e0925e9a66188926d570a5b5404e8ed383","source_id":"us-cfr","stale":true,"prev":"us/45-cfr-1629.5","next":"us/45-cfr-1629.7"},"notice":"GroundRules: Original legal text. Not legal advice."}