The Arkansas Paid Solicitor Surety Bond is required by the Office of the Attorney General at a bond amount of $10,000. The bond is to help ensure that there are no deceptive trade practices, malfeasance, or misfeasance by the paid solicitor.
A paid solicitor is any person who is employed by a professional fundraiser to solicit contributions for charitable purposes. A Professional fundraiser, meanwhile, who for compensation, plans, conducts or manages the solicitations of contributions on behalf of charitable organizations. One must be registered as a paid solicitor. More information can be taken from the Arkansas Secretary of State website regarding all the requirements needed.
This surety bond is required by the Attorney General of Arkansas. Unlike insurance, which protects you, this surety bond acts as protection for the public. In any case when the principal, which is you, does any deceptive trade practice or fraud, the person who has suffered damages due to your actions, will be properly compensated by the surety bond company that issued the bond. You will then pay back the amount in full to the surety company. Take note that the company you get must be licensed to operate their business in the state.
Simply apply for your bond online with our easy to use, online application. Within one business day one of our surety bond experts will
contact you with a firm quote. Then sign some paperwork, make payment and your bonds will be delivered to you via USPS priority mail. Overnight shipping is also available. After you’ve submitted the form, you will receive a call from one of our agents with a quote for your bond. Once you pay and sign some paperwork, we will mail your bond to you via USPS priority mail.
Surety1 has been issuing Arkansas surety bonds since 2003 and is licensed in all 50 states. The company represents over a dozen, “A” rated surety companies and maintains an A+ rating by the Better Business Bureau.