Auto dealers are required by their local authorities to obtain a surety bond in order to get their auto dealer license. It is also known as a motor vehicle dealer bond, a car dealer bond, or a DMV bond.
Depending on the type of work they perform, some contractors are required to obtain a contractor license bond in order to legaly operate in their state. The bond guarantees that the contractor will adhere to all local statutes.
Freight brokers and freight forwarders in the U.S. are required by the FMCSA to obtain a BMC-84 $75,000 freight broker bond in order to get their MC authority.
The mortgage broker bond is a type of license bond which guarantees that brokers will operate accoridng to the state regulations. The bond requirement is part of the mortgage broker licensing process.
Used car dealers, just like other auto dealers, are required by their state authorities to get a surety bond. Obtaning the bond is part of the licensing process and it guarantees that the used car dealer will follow the local regulations.
Agricultural dealers in some states may be required to post an agricultural bond as part of their licensing process.
As per the Code of Federal Regulations (CFR), individuals and companies with access to airport customs and security areas are required to post a surety bond to ensure compliance with customs regulations.
Required of appraisal management companies (AMCs) in over 20 states in order to operate lawfully.
Airlines Report Commission Bonds (ARC bonds) are required by the Airlines Report Commission and they guarantee that travel agents will pay for airline tickets to the proper airlines.
In several states, agents of athletes are required to get a surety bond as part of their licensing process. The bond serves as an additional financial guarantee for athletes in those states.
Auctioneer bonds are required as an extra layer of protection for the public and the state. They make sure auctioneers comply with applicable regulations and conduct business in a lawful way.
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Securities dealers in some states are required to get bonded. The bond ensures compliance with the states's blue skies laws.
Depending on the state, this bond might be required from brewers if they want to open their own breweries.
A variety of optional bonds businesses can obtain in order to better protect themselves and their clients from fraud or employee embezzlement.
A surety bond designed to protect car wash employees in California and New York City.
Bonding companies closely scrutinize any financial guarantee surety bond as they view them as a high-risker risk bond.
A bond required of collection agencies by the state in which they operate that guarantees the agency license.
A surety bond protecting an owner's property when it's given to someone else to operate on.
A bond guaranteeing CSOs comply with applicable regulations in their state.
Required by the U.S. CBP agency, customs bonds guarantee the work of importers, carriers and warehouse or facility operators is conducted according to regulations.
This bond serves as a protection to the public and the state and guarantees that licensed debt adjusters will abide by applicable state and federal laws.
A bond required for DMEPOS Suppliers/manufacturers by the federal government.
Military freight carriers need to post this bond before they can register with the SDDC.
A bond required from driving schools in a number of states.
Electrical contractors in several states need to get bonded when applying for a license.
A bond required from employment agencies in some states, designed to protect job seekers.
A bond required from escrow agents in some states, before they can get licensed and launch their operations.
An increasing number of states requries this type of surety bond from fantasy contest operators to ensure the interest of players are well protected.
The bond guarantees compliance with applicable state regulations and offers protection to employees hired by the contractors
Federal Housing Authority Bond: A look at the Bill curently up for vote in the senate that may allow for a surety bond in place of audited financials"
This bond is required by the Florida Department of Business and Professional Regulation as part of the licensing process for financially responsible officers.
Required in several states of applicants for a foreclosure consultant license.
A bond required by the government that guarantees payment of fuel taxes by sellers.
A bond that guarantees that funeral homes will fulfill all pre-paid funeral arrangements.
A type of bond required in most states to ensure protection grain dealers operate in accordance with state regulations.
A state required bond of health clubs and other organizations that have monthly membership fees.
If you want to get licensed as a home improvement contractor, you will need this bond in several states.
A type of contractor license bond required specifically of contractors who want to perform Heating, Ventilation, Air Conditioning, and Refrigeration work.
Immigration consultants in some states are required post an immigration consultant bond along with their application.
Required by some states to secure protection to the insurance companies and policy-holders that adjusters work with.
A bond authorizing the licensee to operate as an insurance broker.
The bond ensures that entities that provide financial or investment advice do so in an ethical way and in compliance with all relevant regulations.
Required by legal document assistants in California to ensure compliance with the Business and Professions Code.
The bond’s purpose is to offer protection to livestock producers and states from dealer dishonesty or fraud.
This bond is required by the government to participate in the sale of liquor.
If you lose a financial instrument, this type of bond might be required in order to have it replaced.
A bond required by the state for any facility with a lottery machine.
A license or permit bond that is necessary in order to participate in the sale of manufactured homes. The federal government requires this bond.
In the construction industry, if a lien is filed on a property, the owner can release the property, while the payment is guaranteed by the mechanics lien bond.
Growers, producers, distributors and sellers of medical marijuana products are required to post this bond in order to be compliant with the state requirements.
Several states require mileage tax bonds from motor carriers who use public highways. The bond ensures that carriers will pay highway use tax and other outstanding debts to the state.
This bond serves as a guarantee that you comply with the state laws about how to promote and hold MMA, boxing or wrestling events.
Required from dealers who sell off-site built homes, this bond guarantees that they are compliant with the state regulations and protects the customers and the state in case of dealer fraud or dishonesty.
A license bond required by the state.
The Mortgage Banker Bond, or Mortgage Lender Bond, guarantees that the banker will operate by the terms and conditions of the state in which they are operating.
Mortgage lender bonds are a prerequisite to obtaining a mortgage lender license in many states.
Oil and gas well operators will frequently need to get bonded before they are given a permit in their state.
Required by the Federal Maritime Commission to guarantee OTIs comply with applicable regulations.
A licensing requirement in for outdoor advertisers and contractors in many states or in certain cities and counties
This bond guarantees patient trust funds are protected and well-managed by nursing homes.
A bond assuring the legal operation of the loan company.
Many states require this type of bond in order to better protect the property pawned by pawnbrokers' customers.
In some states, personal care assistance (PCA) agencies are required to get bonded in order to legally operate.
Pest control operators have to get bonded when they apply for a license to ensure that they will abide by the laws that apply to their professions.
This bond is typically required from wholesale distributors of prescription and non-prescription drugs and/or medical equipment.
This bond is also known as a Telemarketing Bond.
This bond is required from plumbers as part of the licensing process in many states.
Required in a number of states to ensure polygraph examiners comply with the provisions of the Employee Polygraph Protection Act of 1988.
To operate as a private auto tag agency in Broward, Miami-Dade, or Volusia County, you need to obtain a surety bond.
Also known as a detective agency bond, this surety bond makes sure private investigators are compliant with state regulations.
Required by court-appointed process servers in some states.
Required in over 15 states from professional fundraisers and solicitors as part of their licensing process.
Protects the public against fraudulent actions on part of public adjusters.
The public official bond is a type of license bond which guarantees the complying of certain governments officials with the respective government laws and regulations.
Some railway companies require this bond of railway transporters wishing to use their infrastructure.
A surety bond making sure licensed real estate brokers comply with state and federal statutes and do not use fraudulent practices.
Required by state and federal authorities, this bond is posted by mining operators and companies before they launch their activities.
To perform vehicle registration service in the DMV, you will need to obtain this bond.
Right-of-way contractors in some locations need to post a bond prior to getting a permit.
A bond assuring roofers will meet all state statutes and licenses.
A bond required of security guard agencies in several states.
A bond required of various private schools.
A bond for sellers of travel. This bond is different than an ARC bond.
Sports promoters and agents in many states need to post this bond before getting licensed.
Texas requires motor carriers applying for a superheavy or oversize permit to obtain this bond.
Protect customers of surplus liners broker against fraud.
This surety bond protects the clients of talent agencies against fraud.
The sales tax bond guarantees that a business will pay sales tax to the government.
Required from individual wishing to obtain a tax preparer license in California.
A bond required by the state government to operate a telemarketing business.
Third parties in some states must obtain this bond before they can get licensed and be allowed to legally operate within the state.
A bond that guarantees the lawful performance of a title agent.
The Title Bond, also known as a Lost Title Bond, is required when you want to transfer or sell a vehicle and you don't have a title for it.
A bond that guarantees payment for a shipment to any of the 50 states.
Also known as wage and welfare bonds, this bond assures the faithful payment of union dues for a specific location.
A surety bond required by utility companies which guarantees that the principal will pay the utility company in time.
This bond is required from vehicle verifiers in California. It guarantees their compliance with the California Vehicle Code (CVC).
Also known as union bonds, these bonds assure faithful payment of union dues for a specific location.
This is a type of license bond guaranteeing that nail salon emplyees receive their payments regularly.
Required by some state to ensure warehouse owners comply with regulations concerning the storage of certain goods.
Transporting large loads of waste tires will often require that you get registered in your state and post a waste tire hauler bond.
Required of applicants for a wholesale motor vehicle dealer license in numerous states.
Vehicle wreckers, tow truck operators and towing companies might be required to get this bond in several states.
A number of states require yacht brokers and salesmen to get this bond prior to conducting business.
What is a License Bond?
State and local authorities require some industries to obtain a license bond (also known as a commercial bond) as part of the business licensing process. The bond provides the state and the public with financial protection in case the business engages in fraudulent practices and does not comply with the local regulations.
Different states require different businesses to get licensed and bonded. If you are not sure about your local bonding requirements, make sure to give us a call at 866.450.3412 for a free consultation.
How Much Does a License Bond Cost?
The cost of your license bond typically depends on the bond amount (the penal sum of the bond) and on your credit score. The license bond amount can vary depending on your industry and state. For example, auto dealers in California have to post a $50,000 auto dealer bond, whereas the dealer bond amount in Florida is only $25,000. Some bonds, such as the $75,000 freight broker bond, have a fixed amount across all states.
The cost of your license bond is a fraction of the bond amount. What percentage of the bond amount you have to pay depends mostly on your credit score and your overall financial status. The higher your credit score, the lower your license bond cost. Based on your financial stability, the final surety bond price is determined by the surety bond company reviewing your application.
If you’d like to know how much your license bond will cost, complete the application form below. Based on the provided information, we’ll find the lowest possible price for your specific license bond. It's free and there are no obligations.
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Can I Get a License Bond with Bad Credit?
Many license bonds are still available to applicants with a lower credit score. Through our Bad Credit Surety Bond Program, it is possible for these applicants to get bonded.
We have access to a number of markets that offer license bonds for applicants with less-than-perfect credit scores. We work only with A-rated and T-listed surety bond companies whose backing is highly secure and reliable. To check if you can get bonded with bad credit give us a call at 866.450.3412 or complete our online application form above.
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