Before you know it, 2020 is here and a number of bond and license renewals are coming up. March 31st is the official deadline for the annual telemarketing bond renewal in Ohio, also known as professional solicitor surety bond. Below are all the renewal details you need to keep in mind.
Telemarketing Bond Renewal in Ohio
The professional solicitor surety bond (also known as a telemarketing bond) in Ohio must be renewed by March 31st every year. The annual procedure requires that all professional solicitors and fundraisers who collect, or in any way take care of, charitable contributions register at the Ohio Attorney General’s Office. To register successfully, solicitors and fundraisers must:
- Complete the entire online Professional Solicitor and Fundraising Counsel Registration Form.
- Submit all applicable registration materials at least two weeks before March 31st online, as specified on the above link.
- Pay a registration fee of $200.
- Obtain a telemarketing bond for the amount of $25.000, and make sure that it covers the entire registration period.
Is the Telemarketing Bond Renewal Mandatory?
Obtaining a telemarketing bond is required by law, as a form of guarantee that professional solicitors and fundraisers for charitable organizations fulfill their professional obligations. The bond serves as a security for both the organizations as well as the State of Ohio.
Furthermore, surety bonds can not be substituted with anything else as per Ohio law, and are an inseparable part of the registration process for professional solicitors and fundraising counsel.
Bryant Surety Bonds has extensive experience in providing surety bonds and can help you get bonded in a matter of minutes. If you are looking for a new surety bond provider, we can offer some of the best rates in the industry. You can apply online to get a free quote on your telemarketing bond. If you have questions, feel free to call us at (866) 450-3412 to talk to one of our telemarketing bond experts.