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Surety Bond Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Auto Dealer Bond with Bad Credit

Auto Dealer Bond with Bad Credit History. It's possible to get a new and used car dealer surety bond with bad credit, but not all bonding companies will be able to approve you. Why? Because your personal credit is the main item that is considered when you apply for your auto dealer bond; it's used to get an idea of your likelihood of triggering bond...

BMC-84, $75,000 Freight Broker Bond Info.

Our economy heavily relies on truckers to transport vital necessities such as food and clothing. Freight brokers are required to maintain a $75,000 surety bond with the FMCSA (Federal Motor Carrier Safety Administration) under Title 49, U.S.C. 13904. As of October 1, 2013, the freight broker bonds amount increased from $10,000 to $75,000 to comply with the MAP-21 bill. Also referred to as a BMC-84...

What is a Conduct Surety Bond?

Texas Conduct Surety Bond is required by the Texas Alcoholic Beverage Commission (TABC). In 1935, when the sale of alcoholic beverages was legalized in the state, the state was faced with building an entire framework for the distribution of alcoholic beverage products. From that the TABC was born. Conduct Bond, TABC Bond, This bond is necessary in order to obtain a permit to sell alcoholic beverages, and...

Auto Dealer Bond

What is a Auto Dealer Surety Bond? Auto Dealer bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer.  Auto Dealer Bonds guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto Dealers are required to obtain a motor vehicle surety bond which is also known as DMV...

Auto Dealer License Guide and Dealer Bond Cost

Motor Vehile Dealer Bonds and Licensing Motor vehicle dealers are required to post a Texas Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold and the State you are doing business in. Rates for the dealer bond vary and depend on the application credit history and...