Mr. Karl Deeter:

Some lenders only bonded over a certain amount. In other words, one needed to borrow more than a certain sum. Other lenders continued to bond and they did not tell the borrower about it because they paid it on their behalf. AIB would have been in that camp and then stopped bonding. It self-bonded. The last one to do what I would call open bonding would have been KBC who did it up into 2004. That would be where before one's loan closes, one needed to cut a cheque to it but it typically only charged a person half of the cost of the bond before the mortgage was drawn down.