South Carolina Mortgage Broker Special Deposit Bond ($25,000) A Mortgage Broker Special Deposit Bond is required by the South Carolina Department of Consumer Affairs to become a license mortgage broker. This Bond guarantees that the applicant (Mortgage Broker) will comply with the law and provide any contracted mortgage broker services to his/her customers.
Florida Public Adjuster’s Bond ($50,000) The Public Adjuster Surety Bond is required by the state of Florida, Department of Financial Services. The Bond amount required is $50,000. This Bond ensures the principal faithfully and promptly handles all monies and accounts under all Florida codes and regulations. It guarantees that the license (Principal) will faithfully comply with the law.
Georgia Athlete Agent Bond ($10,000) A Georgia Athlete Agent Bond is required by The Georgia Athletic And Entertainment Regulatory Commission to comply with the state licensing requirements before they are eligible to contact an athlete. Each state has drafted its own Athlete Agent Bond Form, so individuals will need a different bond for each state they transact business in. The surety bond guarantees that the agent will perform their responsibilities according to the contract entered into with the athlete, as well as not take any more funds than the agreed-upon commission percentage. The bond will run concurrently with the registration period and must be renewed annually by June 30 of odd years.
Tennessee Modular Units Dealer Bond ($50,000) The Dealer of Modular Building Units Surety Bond is required by the state of Tennessee Commissioner of the Department of Commerce and Insurance. The Bond amount (Penalty) required for this Bond is $50,000. This Bond is designed to protect anyone who might suffer loss or damage from negligence of the Tennessee Modular Building Act. The principal will also be expected to comply with all local and state laws.
Tennessee Mortgage Broker, Lender or Servicer The Mortgage Broker, Lender or Servicer Surety Bond is required by the state of Tennessee Department of Financial Institutions. This Bond indicates the principal has applied for a license to do business from the Commissioner of the Department of Financial Institutions. Therefore the principal and all the principals? agents are required to comply with all rules and regulations of that permit and to pay any monies to the Commissioner of the Department of Financial Institutions that may become due. The principal and his agents are also expected to comply with all local and state laws.
Florida Pawnbroker Bond (10,000) A Pawnbroker license Bond is required for people who engage in the business of lending money on a deposit or on a pledge of personal property against a security written evidence. Without an adequate license, no person can carry on the pawnbroker business. To obtain the pawnbroker license the pawnbroker must obtain a Bond called a pawnbroking license Bond, pass a background check and pay the appropriate state licensing fees. Only after obtaining the license, the pawnbroker can start the business by lending loans on pledge or purchasing of personal property on condition that it will be sold with in a stipulated time or on goods, wares or merchandise. This Bond Guarantees the compliance with respect to laws and regulations to govern the operation of pawnbroker?s business. This pawnbroker license is for the benefit of pledger for the pledged property. When the property pledged is not available for redemption due to the negligence of the pawnbrokers, this pawnbroker license will protect him.
Florida Generic Utility Bond (Company) In certain cities in Florida a Utility Bond is offered as a replacement to a cash deposit. This Bond states that the applicant (Principal) has entered into contract with the Utility (obligee) and that the applicant will pay fully and promptly for any and all utility services received.
Georgia Match or Event Permit Bond The Match and Event Permit (Corporation) Surety Bond is required by the state of Georgia Athletic and Entertainment Commission. The Bond amount(Penalty) required is $10,000. The purpose of this Bond is to insure payment of lost wages, damages or penalties due to non-payment of contract liabilities necessary to properly run any private or public competition that involves the sport of boxing, kickboxing, mixed martial arts or any form of boxing. The principal applying for this Bond must be a corporation.
The State Textbook and Instructional Materials Quality Commission is responsible for recommending an official list of textbooks and instructional materials to the Tennessee State Board of Education (SBE) for approval. Once the SBE has approved a list of textbooks and instructional materials, it is the responsibility of local boards of education to decide which textbooks and instructional materials to use in their districts. The department administers and coordinates the bidding, reviewing, listing, adoption and approval process for textbooks and instructional materials used by Tennessee schools. The department also implements the rules, policies and procedures established by the Tennessee Textbook and Instructional Materials Quality Commission regarding textbooks and instructional materials. Textbook and instructional materials shall be defined as any medium or manual of instruction which contains a systematic presentation of the principles of a subject and which constitutes a major instructional vehicle for that subject. Publishers shall file with the textbook contract a good and sufficient bond with a surety company authorized to do business in this state in the sum of $10,000 and conditioned upon the faithful performance of all conditions of the contract and TCA Title 49, Chapter 6, Part 22.
Surety Bond
License and permit bonds are an essential aspect of many industries and professions. Whether you are a contractor, a business owner, or a professional in a regulated field, understanding license and permit bonds is crucial. In this blog post, we will explore what license and permit bonds are, why they are important, and how they work. We will also discuss the different types of license and permit bonds and provide some tips on how to obtain them. So, let’s dive in and gain a comprehensive understanding of license and permit bonds.
License and permit bonds play a vital role in various industries and professions. They provide financial protection to the public, ensure compliance with laws and regulations, and build trust between professionals, businesses, and their clients. By understanding the different types of license and permit bonds, how they work, and following the tips for obtaining them, individuals and businesses can navigate the licensing process successfully and operate with confidence.
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