Commercial Bonds
Commercial Bond Types:
ARC Bond - A bond required by the Airlines Report Commission.
Auto Dealer Bond - A license and permit bond required by many states in order to operate as an auto dealer.
Broker Bond - A vague term used to describe various types of brokers (e.g. freight broker, mortgage broker, etc.)
Cigarette Tax Bond - May be required of cigarette distributors to guarantee payment of taxes.
Collection Agency Bond - A bond to guarantee collection agencies operate within the rules and regulations set fourth by the governing body.
Contractor License Bond - Some states, as well as local governments may require a bond for a contractor to legally operate in a particular location.
Customs Bond (U.S.) - Required of importers by U.S. customs of imports over $2,000 in value.
DMEPOS Bond, Medicare Bond, DME Bond - A bond required of Medicare suppliers by the Federal government.
Freight Broker Bond (BMC-84) - A Federally mandated bond of freight brokers to guarantee delivery of brokered goods.
Fuel Tax Bond - A bond to guarantee payment of taxes on fuel sold in a particular region.
Health Club Bond - Required by some states for health clubs to collect payment up front from their clients.
Home Dealer Bond - A license bond to guarantee the performance of dealers for off-site built homes.
Insurance Broker Bond - Some state insurance departments require a license bond to guarantee the performance of insurance brokers within their state.
ICC Bond - The ICC is the old regulating body for freight brokers. The bond is simply referred to as a freight broker bond or BMC-84 now.
License & Permit Bond (not listed) - There are literally thousands of different license & permit bonds throughout the country. Here you will learn more about license bonds in general.
Liquor Tax Bond - A bond to guarantee payment of taxes collected from the sale of alcoholic beverages.
Lottery and Lotto Bond - Some states require a bond to guarantee store owners properly operate state owned lottery machines.
Miscellaneous Bond (not listed) - There are literally thousands of commercial bonds, many of which are too specific to fall under a particular category.
Money Transmitter Bond - Many state governments require money transmitters to obtain a bond to guarantee they will operate in accordance with the terms their license.
Mortgage Broker Bond - Most states require mortgage broker to file a bond to with their license applications to ensure they operate per the states rules and regulations.
Mortgage Lender Bond - Most states require mortgage lenders (also known as mortgage bankers) to post a license bond to guarantee they operate per the terms of the state in which they operate.
Patient Trust Bond - This bond ensures the caretaker of a patient will not misuse the funds held in the patients' trust.
Payday Loan Bond - A license bond required of pay day loan companies to ensure they operate per the terms of the state's specific rules and regulations.
Preneed Funeral Bond - These bonds allow for pre-payment on funeral and burial agreements.
Sales Tax Bond - A commercial bond that guarantees a company's payment of sales tax to the government.
Seller of Travel Bond - A bond required of sellers of travel to ensure collected funds are sent to the appropriate parties.
Surplus Lines Broker Bond - Required by several states for any insurance agent that offers surplus lines.
Telemarketing Bond - A license bond required by state governments to ensure telemarketers (also known as phone solicitors) operate legally per the terms of the particular state being called.
Title Agency Bond - A license bond required of title agents by some states.
Used Car Dealer Bond - Most of the state departments regulating used car dealers require them to be licensed and bonded to protect the public.
Utility Bond - A financial guarantee bond to ensure payment of utility bills in a prompt manner.
Wage and Welfare Bond - Are bonds required by local unions to guarantee payment of dues.
