Cost data, requirements, and plain-English explanations for every common bond type.
Required by government agencies to obtain a business license or permit. Guarantees compliance with regulations.
Required in most states for general contractors and specialty trades. Protects project owners from contractor non-performance.
Required by state and federal regulators (NMLS) for mortgage lenders, brokers, and servicers.
Required in most states for businesses that transfer money on behalf of others. Bond amounts are among the highest of any license type.
Required in all 50 states for motor vehicle dealers. Protects consumers against dealer fraud or misrepresentation.
Required in most states for debt collectors and collection agencies. Guarantees ethical collection practices.
Required by the FMCSA for all licensed freight brokers. Fixed at $75,000 bond amount.
Required by courts in legal proceedings. Includes appeal bonds, attachment bonds, and injunction bonds.
Protects businesses against employee theft, fraud, or dishonesty. Often required by clients or contracts.
Guarantees completion of a construction project. Required on government projects and many large private projects.
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