Mississippi Automobile Club Bond ($15,000) Automobile club bonds in Mississippi ensure that principals (automobile clubs) faithfully observe the provisions of 83-11-201 through 83-11-347 of the Mississippi Code Annotated. The bond protects club members who suffer financial loss as a result of the principal’s actions. Typically, these bonds ensure that automobile club members are reimbursed for unearned membership dues if the club ceases to operate.
Surety Bond
Installer of Tennessee Modular Building Units Bond ($25,000) In the State of Tennessee a Surety Bond is required for any person(s) licensed as an Installer of Modular Building Units. This Bond guarantees that the applicant (Principal) will faithfully comply with all laws and regulations as set forth by the State of Tennessee. This Bond protects any person that suffers losses or damages due to code related non-compliance.
Florida Telemarketing Bond ($50,000) The Florida Telemarketing Surety Bond is required by the Department of Agriculture and Consumer Services, and is for the use and benefit of any consumer who is injured as a result of the bankruptcy of the Principal or the breach of any agreement entered into by the Principal in the Principal’s capacity as a licensee under sections 501.601 – 501.626, Florida Statutes, the Florida Telemarketing Act.
In the State of Tennessee a Surety Bond is required, by the Department of Codes and Safety, for any Contractor(s)who has applied or previously received a permit to complete work in Nashville and the City of Goodlettsville.. This Bond guarantees that the applicant (Principal) will conform to all codes, laws, and ordinances set forth by the Metropolitan Government and will repay fully any costs that may be accrued by the government if they fail to comply. The penalty amount of the bond is dependent upon the type of work you intend to do. Always check with the municipality to determine that amount of the penalty required before you purchase the bond.
Florida Professional Solicitor Bond ($50,000) Those engaged as Professional Solicitors in the State of Florida are required by the Florida Department of Agriculture and Consumer Services to execute a Florida Professional Solicitor Surety Bond to ensure compliance with Sections 496.401-496.424 of the Florida Statutes.
Surety Bond
Mississippi Auctioneers Bond ($10,000) Each applicant for licensure as a resident auctioneer, apprentice auctioneer, or auction business shall deliver to and deposit with the board at the time of application either the sum of ten thousand dollars in cash or a surety bond in the amount of ten thouand dollars.
Louisiana Escrow Agent Bond for Deed Simply put a Bond For Deed is a form of Seller Financing. It is a contract to sell Real Estate in which the purchase price is paid in installments and title is transferred after the payments are made in full. In other states, Bond for Deed is usually called Contract for Deed or Land Contract. Bond for Deed contracts may seem relatively new, however, laws covering Bond for Deed contracts have been in existence since 1934. Recently, the Louisiana legislature enacted legislation that protects the Buyer under a Bond for Deed by not allowing any subsequent judgments or liens against the Seller under a Bond for Deed contract to prime a Bond for Deed contract. To protect all parties, Louisiana law requires the services of a licensed escrow agent. The escrow agent is responsible for collecting the payments, paying any underlying mortgages and issues IRS 1098 interest reports. In the event of non-payment, the escrow agent sends the required notices to both Purchaser and Seller. The contract allows the Seller to take back the property if payments are not made within the time allowed and without the costly expense of judicial foreclosure. Escrow Services, Inc. is the only statewide commercial escrow agent that has the experience and expertise required to properly service Bond for Deed contracts.
Louisiana Private Employment Service Bond By definition, a private employment agency is any person, firm, limited liability company, or corporation, who for hire or with a view to profit offers an individual help to secure employment through: card, circular, pamphlet, or any medium whatsoever display of a sign or bulletin information as to where to find employment
South Carolina Physical Fitness Services Bond If you are engaged in physical fitness services in the State of South Carolina, you are required by the Department of Consumer Affairs to execute a South Carolina Physical Fitness Services Bond to ensure compliance with Section 44-79-80 of the Code of Laws of South Carolina.
Louisiana Trust Fund Bond Louisiana Patient Trust Fund Bond is required by The Louisiana Department Of Health And Hospitals to comply with the State licensing requirements. Each state has drafted their own Patient Trust Fund Bond Form, so you will need a different Patient Trust Fund bond for each state you will be transacting business in.
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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