If a project's highest monthly total deposits received is $50,000, what is the required surety bond amount for purchasers?

In the context of timeshare regulations, the required surety bond amount is often established as a percentage or a specific calculation based on the highest monthly total of deposits received. In this case, if the highest monthly total deposits received by the project is $50,000, the surety bond must be equal to that amount to adequately protect purchasers.

The purpose of the surety bond is to ensure that funds deposited by purchasers are protected and are available for refunds or other obligations associated with the project if necessary. A bond equal to the highest deposit amount reflects the level of financial responsibility the timeshare project must uphold.

For this scenario, since the highest deposit received is $50,000, that same amount becomes the required surety bond. This creates a direct correlation between the funds received and the bond amount, ensuring appropriate financial security for buyers. Other choices would not provide the necessary coverage based on the received deposits.