Vermont Rental Company License Surety Bond


A car on a rental car lot. writes surety bonds for car rental business owners.

A car rental company in Vermont is a person or business that offers pleasure cars for rent on a short-term basis, with “short-term” meaning less than one year.

Vermont’s Department of Motor Vehicles requires short-term vehicle rental companies to obtain a license. This includes rentals of trailer coaches and trucks weighing 26,000 pounds or less, and trailers and semi-trailers weighing 3,000 pounds or less.

If a rental company’s yearly tax liability is greater than $5,000, then they must also submit a surety bond along with their license application. The amount is determined by using the total of the two highest months of liability in the preceding year, but it will not exceed $400,000. New rental companies must submit a $1,000 bond with their application. The amount for the bond is renewed annually, and the Commissioner may raise the amount to whatever it deems necessary to protect the revenues of the state.

A letter of credit will be accepted in lieu of a bond, and must be submitted with a current financial statement. is licensed to write surety bonds in Vermont. We offer Vermont Rental Companies free, no-obligation quotes, low rates and fast service. offers great rates, same day service and best of all, has the bond you need! Email, apply online or call our Surety Bond Specialists today at 1‑844‑432‑6637. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


Maryland Mortgage Lenders and Mortgage Brokers


A house and key writes all surety bonds for the mortgage industry.

Surety Bond Requirements

Maryland is a state of abundant waterways, coastlines and the Atlantic Ocean, and is in close proximity to the hub of many federal services.  The state offers many historic landmarks, renowned colleges and universities and is the home of the Baltimore Ravens National Football League.  Residents of the state often make the commute to Washington D.C. for their jobs and reside in Maryland due to the lower cost of housing.

As with many other states, Maryland is also experiencing a growing real estate market where housing inventories are low and sales are high, and home buyers must make quick decisions when deciding on the house they want to purchase.  As a condition of most real estate purchases, the home buyers must have a letter of pre-qualification from a lender to ensure that they most likely can qualify for a mortgage loan to complete the purchase transaction.

To obtain a pre-qualification letter, a home buyer can turn to a mortgage lender or mortgage broker.  Mortgage lenders make loans directly to a buyer where as a mortgage broker works with many lenders. The state of Maryland requires all mortgage lenders and mortgage brokers to be licensed to offer mortgage related services for compensation.

In order to obtain a Maryland mortgage lender or mortgage broker license, they must first provide evidence of a sufficient business net worth.  The minimum net worth requirement is $25,000 if the business offers broker and/or services only.  A minimum net worth of $25,000 is required for lender services in which a loan is secured by residential real property.  The net worth increases to a maximum of $250,000 based on the volume of loans in the previous 12 months.

Mortgage lenders and mortgage brokers must secure a surety bond that is also based on the volume of loans from the previous 12 months.  The minimum surety bond requirement is $50,000 and covers total annual loan volumes up to $3,000,000.  If the total loan volume goes over $3,000,000 but is less than $10,000,000, a $100,000 surety bond is required.  For total loan volumes exceeding $10,000,000, the surety bond requirement is increased to $150,000.

Maryland mortgage lenders and brokers play a significant role in the home purchasing process. has the bond that is needed to meet the license requirement.  We offer free, no-obligation quotes, low rates and fast service. Email, apply online or call us today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

The Repo Man Must Follow the Law

A car is being towed. writes surety bonds for those in the car repossession business.

Colorado Repossessors Must Have a Surety Bond

The Repo Man can keep quite busy when people don’t make their car payments. Repossessions can be a quick way for car lenders to cut their losses. But creditors can easily take advantage of debtors in court, because the creditor is typically not liable for damage to property caused by an independent contractor they hired to repossess a vehicle.

In Colorado, the General Assembly requires respossessors to carry a surety bond, which holds the creditor responsible for the actions of their hired repossessors. The surety bond is $50,000 and must be filed with the Attorney General of Colorado.

A repossessor in Colorado may not do business until they first disclose to a creditor whether or not they are bonded. Failure to disclose this information is a violation of the “Colorado Consumer Protection Act.” Falsifying a bond application or misrepresenting information is a Class I misdemeanor.

A bonded repossessor cannot “breach the peace,” meaning they cannot break the law during a repossession.

Repossessors Must Follow Certain Rules, Which Include:

  • Repossessors may not threaten violence or be physically violent.
  • They may not damage property.
  • When taking possession of a vehicle, they may not disable or render unusable any computer program or other similar device in the motor vehicle if immediate injury to any person or property is foreseeable. They are liable if their actions cause injury to a person or property.
  • Repossessors must notify a law enforcement agency prior to the repossession, including providing the name of the owner, the name of the repossessor, and the name of the mortgagee, lienholder or assignee. Notification should be at last an hour before repossession, when possible, and no later than one hour after a repossession.

Cars are not the only item that can be repossessed. Any property listed in a legal agreement can be used as collateral to a debt. This can include real estate, cash accounts, machinery, collectables and insurance policies.

Surety helps Colorado Repossessors stay compliant with state laws. We offer free, no-obligation quotes, low rates and fast service. Email, apply online or call us today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Illinois Residential Mortgage Broker Bond Requirements

A hand holds keys with houses in the background. writes surety bond for the mortgage industry.

In today’s Illinois real estate market, buyers must be ready to make quick decisions when purchasing a home.  According the Illinois Realtors July 24, 2017 news release, Illinois is experiencing a shortage of residential housing inventory, which in return results in fewer choices when purchasing a home.  Buyers must be prepared prior to providing an offer on a house to ensure that they have adequate purchasing power and will qualify for the loan they need.  This includes receiving a financial prequalification to submit with the offer or usually within a few days of the offer.  Buyers often turn to mortgage brokers to take them through the buying process and to get them the best interest rates for the type of loan they need.

Residential Mortgage Brokers in Illinois must apply for a license prior to offering services, negotiating, funding, originating or purchasing a loan for compensation to any borrower.  License requirements include having a $50,000 minimum net worth for in state mortgage brokers, and $150,000 for mortgage brokers that do not have an Illinois office.  Mortgage brokers must also provide annual financial statements to ensure that the net worth of the business meets the minimum state requirements.

Additionally, residential mortgage brokers must obtain a minimum $50,000 surety bond.  The bond amount is based on the total amount of loans written annually.  If the total amount of loans is over $5,000,000 but is less than $20,000,000, a $50,000 surety bond is required.  If the total loan amount is more than $20,000,000 but less than $50,000,000, a $75,000 surety bond is required.  If the total amount of loans is more than $50,000,000 but less than $100,000,000, a $100,000 surety bond is required.  And if the total amount of loans exceeds $100,000,000, a $150,000 surety bond is required.

Surety bonds over $50,000 will need personal and financial documents submitted when applying for the bond.  Since the surety bond amounts are higher, the risk for the surety is greater.  The financial documents will be reviewed by an underwriter whom will determine the rate to be quoted and if any collateral will be required.  The rate is the premium that will need to be paid to ensure compliance for the license requirement.

The surety bond guarantees that mortgage brokers will comply with the Residential Mortgage Act of 1987, including general lending practices, loan application practices, loan brokerage practices, allowable advertising practices, commitment of loan and closing practices.

In addition to the surety bond, a $100,000 fidelity bond is also required.  This bond ensures that any payments or securities the mortgage broker has received or has custody of for a residential mortgage loan are cared for properly.  Failure to properly care for the funds could result in a claim against the bond, loss of the broker’s license, or in some cases criminal prosecution.

Illinois mortgage brokers can obtain the surety and fidelity bonds they need to meet the license requirements. offers great rates, same day service and best of all, has the bond you need! Email, apply online or call our Surety Bond Specialists today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


Connecticut Mortgage Broker Surety Bond Requirement

A house-shaped keychain holds a set of house keys. writes all surety bond for the mortgage industry.

Connecticut is the southernmost state in New England, home to more than three million people, and ranks fifth in quality of life with low crime and poverty, healthy residents and a strong education system, according to the Forbes 2016 best states for business report. Connecticut has a longstanding maritime presence and has a industry history of financial services, including insurance companies in Hartford.

According to the Connecticut Real Estate Market Report published by Berkshire Hathaway Home Services, for the second quarter of 2017, the state has seen a 5.7% sales volume increase over the previous year.  The robust real estate market means more homes are bought and purchased that often require mortgage loans.  Home buyers can turn to mortgage brokers for loan preapproval and for finding the best mortgage loan type and rate that fits the buyer’s needs.

Mortgage brokers in Connecticut must first obtain a license before offering to negotiate mortgage loans, take mortgage loan applications, offer mortgage loans with the expectation of being compensated for the services.  Those not required to be licensed include any bank, out-of-state bank, in state or out-of-state credit unions, mortgage lenders, and nonprofit organizations.  If a mortgage broker is not sure if a license is required, they may contact the Connecticut Department of Banking for more information at 800-831-7225.

Mortgage brokers will need to apply for licensure through the National Mortgage Licensing System (NMLS), which is the agency that handles the Connecticut Department of Banking licensing.  Mortgage brokers will also need to obtain $50,000 surety bond.  The bond guarantees that client funds will be applied to their loan in accordance with state laws.  If the mortgage broker misuses or misapplies the funds, then a claim can be placed on the bond.

Connecticut mortgage brokers can get the surety bond they need from to meet the compliance requirements for their license.  We offer low rates and fast service.  Email, apply online or call us today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Colorado Mortgage Loan Originator Surety Bond Requirement

A "for sale" sign is in front of a house. writes all surety bonds for the mortgage industry.

Colorado, with its majestic mountains, canyons and grand flowing rivers, provides endless beauty and stunning views for all to see. The state boasts of cities such as Denver, Colorado Springs, Boulder, Aspen, Steamboat Springs and other friendly places throughout the state that provide jobs and living opportunities for its residents. Houses vary in cost, and people in the market to purchase a home will find an array of housing in all price ranges. With purchasing a house, home buyers often go through a mortgage loan process, which includes the use of mortgage loan originators.

Mortgage loan originators provide services such as offers to originate mortgage loans and originating mortgage loans. Mortgage loan originator activities can include first and second mortgage brokering, home equity or lines of credit lending, mortgage loan modifications, reverse mortgages, foreclosure consulting and other origination services.

Mortgage loan originators in Colorado are required to be licensed, have Errors and Omissions Insurance, and need to obtain a surety bond based on the number of loan originators, or if the originator works as a sole proprietor. Individual or sole proprietor licensed mortgage originators must obtain a minimum $25,000 surety bond. Companies that employ or utilize exclusive agents and that have less than 20 licensed mortgage originators must have a minimum $100,000 surety bond. Companies that employ or utilize direct agents that have more than 20 mortgage loan originators are required to have a minimum $200,000 surety bond.

The surety bond is a guarantee of faithful performance of mortgage loan originator activities, which include providing services in an honest manner and follow the state and federal laws. Fraud, forgery and criminal impersonation is prohibited while conducting mortgage loan originator duties and can result in a claim against the bond.

Colorado mortgage loan originators can apply for a surety bond with  We offer low rates, fast service and best of all we can get you the bond you need to meet the compliance requirements for licensure.  Email, apply online or call our Surety Bond Specialists today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


Arkansas Mortgage Broker Surety Bonds

Rising Trend in Home Sales

A "for sale" sign is in front of a house. writes all surety bonds for the mortgage industry.

In February 2017, the Arkansas Realtors Association released home sales information to the Arkansas Economic Development Institute. It showed a rising trend in home sales for the last four years, and had surpassed the 2008 pre-recession level of sales. With the increase in sales, many of the homes sold required a mortgage loan. Home buyers or borrowers in an effort to find a loan that works best for them will often turn to a mortgage broker.

Mortgage Broker Licensing

Arkansas, like many other states, requires mortgage brokers to be licensed if they are compensated or expect to be compensated in some form, and that solicits through such means as a telephone, internet, email, by mail, or in person with the borrowers or potential borrowers. This also includes accepting or offers to accept an application for a mortgage loan, or offers to negotiate or negotiate the terms or conditions of a mortgage loan; mortgage loan commitments or interest rate guarantee agreements to borrowers.

A requirement for the license process includes obtaining a minimum $100,000 surety bond, which is for the benefit of any claimants if the mortgage broker or its employed loan officers fails to faithfully perform the obligations set forth in the bond.  This includes faithful handling of any funds paid into or deposited with the mortgage broker.

The surety bond amount is based on the annual mortgage loan activity that occurred during the previous year. Loan volumes totaling more than $10,000,001 to $25,000,000 require a $150,000 surety bond, and loan volumes exceeding $25,000,001 require a $200,000 surety bond.  The bond is filed with the state and must be renewed annually.

Borrowers can verify whether a mortgage broker is in good standing with the state prior to any business transaction. The Arkansas Securities Department provides a website link to verify the license status. has the Arkansas Mortgage Broker surety bond that is needed to meet the license requirements.  Apply online or call us today at 1‑844‑432‑6637! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

The Oil and Gas Industry is Bigger in Texas

Oil pumps in Texas
Oil and gas drillers may need to be bonded.

First In Reserves, Production

When you think of Texas, one image that may come to mind is oil wells. Texas is the highest-producing state for both oil and gas. In 2013, Texas had around 10.5 billion barrels of oil in reserves, and produced another 1.2 billion barrels in 2014. This is a third of all crude oil produced in the US that year.

North Dakota comes in second, but with less than half as much oil, showing 5.7 billion in reserves, and 396 million barrels produced. Other top oil and gas producing states include Alaska, California, New Mexico, Oklahoma, Colorado, Wyoming, Utah and Louisiana.

The Railroad Commission of Texas

The Railroad Commission of Texas was established in1891 to regulate the railroad industry. Today’s Commission no longer handles railroads, but has expanded to other industries. These industries include:

  • Oil & Gas
  • Alternative Fuels – Liquefied Petroleum Gas, Compressed Natural Gas, Liquefied Natural Gas
  • Gas Services
  • Pipeline Safety
  • Mining & Exploration – Surface Coal and Uranium Mining, Reclamation

The Railroad Commission of Texas has two main goals: protect the environment and preserve individual property rights.

Surety Bonds

The Commission’s Oil and Gas Division regulates oil and gas wells in Texas. The Commission requires drillers to provide a form of financial security before issuing a permit to drill, recomplete or reenter a well. The security can be a surety bond, letter of credit, or cash deposit. A surety bond continues until the conditions of the bond have been met, or is released by the Commission or its authorized delegate.

There are two options available for the Texas P-5 surety bond requirement for operating and abandoning oil or gas wells:

Individual Bond: Form P-5PB(1) is only for well operators that have no other activity other than wells. The bond covers all permitted wells and all current wells. The amount of the bond is determined by the depth of the wells.

Blanket Bond: Form P-5PB(2) is available for all operators and covers all commission-regulated operations performed by a person, including all current wells.  The amount of the bond is determined by the total number of wells:

  • 1 to 10 wells = $25,000 bond
  • 11 to 99 wells = $50,000 bond
  • 100 or more wells = $250,000 bond

Operators without wells that are required to file financial assurance must have a $25,000 bond.

Bay and offshore wells are required to have additional security. A presumed plugging cost for a bay well is $60,000 and offshore well is $100,000.

Commercial facilities for storage, reclamation, treatment, disposal or recycling will use bond form CF01.


No matter if you have one well or thousands, can get you bonded.  We are licensed to write all bonds for the Railroad Commission of Texas and can deliver your bond quickly.

Call our Surety Bond Specialists at 844-432-6637, email, or apply online at – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Alabama Mortgage Broker License Requirements

A "for sale" sign is in front of a house. writes all surety bonds for the mortgage industry.

The Draw of the South

From the Gulf of Mexico to the picturesque view from the Cheaha Mountain,  Alabama is a state of many wonders.  Dotted with many lakes, streams and beach property, Alabama offers residents plenty of choices of places to live, work, and raise families.

Every day real estate transactions take place. Houses are listed for sale, offers are made for purchase, and loans are closed. Buyers of residential real estate often need the assistance of a mortgage broker to obtain a loan that fits their needs and to complete the purchase process.

Mortgage Broker Licensing

The Alabama State Banking Department requires mortgage brokers providing mortgage services such as the solicitation of loans, negotiating of mortgage loans and the offering of a loan to have a license.  The licensing process includes completing the educational requirements and submitting an application, completing a criminal background check, and providing documentation for persons that have ownership or control of the company.

In addition to the application, mortgage brokers must file a surety bond with the state.  The surety bond amount is based on the total volume of funded loan transactions in the prior year.  The initial required bond amount is $25,000, and thereafter will need to be re-evaluated annually and adjust the bond amount if necessary.  The surety bond amount will need to be increased to $50,000 when the total volume of loans funded exceeds $25,000,001.  If the total volume of loans is over $100,000,000, the maximum bond amount is raised to $75,000.

The surety bond ensures that mortgage brokers will comply with federal and state laws, rules and regulations and protect consumers from fraudulent loan transactions, proper disbursement of funds, and other prohibited activities. writes Mortgage Broker bonds for the state of Alabama.  Apply online or call us at 844-432-6637 today! – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


You’re Not the Only One Moving to Texas

A barn in Texas with the state flag. writes all surety bonds for Texas businesses.

Growing Cities Lead to Growing Business

According to the US Census Bureau, the state of Texas holds four of the top five fastest-growing cities in the country.  This rapid growth means an influx of new construction and new businesses coming to town. For local governments, this means a huge increase in the number of license and permit applicants.

In some cases, a local government will require an applicant to first obtain a surety bond.  The surety bond is a guarantee that the rules and regulations of the city will be upheld by the applicant.  The license or permit will not be issued until a surety bond is acquired. The Texas Department of Licensing and Regulation determines if a business needs a license and/or bond.

A few types of surety bonds required for Texas businesses include:

Texas Athlete Agent Bond
Texas Building and/or Demolition Contractor
Texas Grain Warehouse Bond
Texas Health Spa Bond
Texas Hearing Instrument Fitters and Dispensers Bond
Texas Off-Premises Sign Operator
Texas On-Premises Sign Operator
Texas House Mover License Bond
Texas Public Adjuster Bond
Texas Real Estate School Bond
Texas Sidewalk, Curb and Gutter License Bond
Texas Solicitation Bond
Texas Combative Sports Promoter Bond
Texas For-Profit Legal Service Contracts Bond
Texas Polygraph Examiner Bond
Texas Wrestling Promoter Bond
Texas Master Plumber License Bond

Check with the Texas Department of Licensing and Regulation to see if your construction project or business requires a surety bond. is licensed to write all Texas Surety Bonds. No matter what type of surety bond you need for your business, we are here to help.  Call our Surety Bond Specialists for a free quote at 1‑844‑432‑6637, email us at, or apply online at – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.