License & Permit Bonds

are required by the United States Bankruptcy Court to ensure the auctioneer faithfully performs their duties and provides accurate accounts to the court in a timely manner. Single case bonds or annual bonds can be issued.

are required by the State of Louisiana, Office of Motor Vehicles of a condition of licensure to guarantee payment of all loss, damages and expenses due if the principal failsto obey the law. The reporting of sales taxes is included as a guarantee of the bond.

in the amount of $150,000 are required in New York City and the State of California to guarantee employees are paid fair wages and ensure they are provided ample break times, bathrooms, and other workplace basics. In California, the bond guarantees compliance with Section 2055(b)(1) of the California Labor Code, and in New York City the bond ensures performance with NYC Administrative Code Section 20–542.

are bonds required by most states to ensure the collection agency will follow the industry rules and regulations before receiving their license.

are required by some states in order to obtain their license. The bond is to ensure the payments made by the debtors are appropriately handles by the provider to the creditor.

protect a government/state against loss due to a franchise holder’s failure to complete work specified in the franchise grant. It is a consumer protection device for the benefit of the State and anyone purchasing franchise opportunities from a franchisor. The bond guarantees that franchisors will operate faithfully under any franchise disclosure acts, franchise agreements, and to offer franchises in that state within one year of registration.

are required by some states to ensure that manufacturers, dealers, retailers, and installers follow the laws and regulations of the manufactured housing industry prior to obtaining their license. If they fail to complete a job and followthe industry laws, the bond protects consumers from the loss and damages caused by the Manufactured Housing licensee.

guarantee that licensees will abide by statutory laws designed to protect the consumer from unscrupulous, fraudulent or certain illegal actions. Most states require Dealer Bonds that range from $10,000 to $100,000.

guarantee that notaries will complete tasks and duties ethically and in accordance with state laws.

are required in most states to guarantee that a charitable solicitor, professional fundraiser, paid solicitor, commercial fundraiser, PFR, or professional solicitor complies with local laws and ordinances that apply to charitable solicitation. These bonds also guarantee proper accounting and remittance of a predetermined percentage of funds collected. 

are required by the State of Louisiana, Office of Motor Vehicles as a condition of licensure. Public Tag Agents act as a privatized arm of the DMV.

ensure that franchised talent agencies associated with the Screen Actors Guild (SAG) and the American Federation of Television and Radio Artists (AFTRA) adhere to rules and regulations set forth by the organization. The bond amount is $20,000, but is less if your state already has statutory Talent Agency bond requirement.

are required from retails applying for sales tax licenses and guarantee to the state the collection and remittance of sales taxes, along with ensuring compliance with applicable statutes, laws, and regulations.

are state requirements for obtaining and maintaining TPA licenses. These bonds guarantee faithful compliance with state licensing laws and statutes.

guarantee the payment of utilities by a Principal, and are typically used in lieu of a deposit to secure electrical or water service, some companies will accept a Utility Bond.