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Custom Bond
Posted: August 28, 2021
A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines and penalties. All importers are required to have a bond on file with Customs. A customs bond is a binding contract required by Customs and Border Protection (CBP) for commercial imports valued...
Auto Dealers Bonds for the State of Florida are Due by April 30th.
Posted: February 10, 2021
Florida Auto dealerships operating within the state must obtain the proper licenses and a $25,000 Dealer Surety Bond. This is to ensure the motor vehicle dealership is operating within the regulations outlined by the Florida Highway Safety and Motor Vehicles Department. These bonds may also be referred to as Motor Vehicle Dealer (MVD) Bonds, DMV Bonds, Vehicle Dealer Bonds, Car Dealership Bonds, Car Dealer Bonds...
What is an Auto Dealer Bond?
Posted: January 28, 2021
Motor Vehicle 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 bond, used car dealer...
What is a Conduct Bond?
Posted: January 16, 2021
Conduct 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,...
What is a Public official Bond?
Posted: January 16, 2021
A Public official bond is a type of surety bond that guarantees that an elected government official in certain position will comply with the governmental rules and regulations. These type of bonds and mostly needed by public officials that handles public funds. Especially when it comes to those officials that deal with money or privileged information. The purpose behind a public official bond is to...