The Pennsylvania Full Agent Bond is required by the Pennsylvania Department of Transportation. The bond amount is set at $30,000. It guarantees that the bondholder will conduct their business faithfully, under the law and regulations governing such business. In addition, it confirms that the principal will not cause the State any monetary loss in relation to sales tax or monetary penalties.
Who needs a Pennsylvania Full Agent Bond?
Pennsylvania Act 152 of 2002 requires all agent services to enter into contract with the Department of Transportation. A Full Agent is any person who primarily issues temporary registration plates. As part of the agent services contract, individuals are required to obtain a Full Agent Bond.
What are other requirements?
Please refer to the checklist below for other items you need to prepare to become a Full Agent.
- List of all owners/corporate officers
- List of all employees and job titles
- Job descriptions for each owner/employee
- Notary Commission certificates
- Statement of no prior violations
- Criminal Record Check for all owners/corporate officers and employees
- Security plan
- Payment of $60 for the recovery fund fee
- Credit reference from the bank
- Three letters of character reference for each owner/corporate officer
Why should I use Surety1 for my Pennsylvania Full Agent Bond?
With Surety1, you not only get the Full Agent Bond at the best rate possible, you also get it FAST. We are proud to say that through our partnership with many A-rated surety companies, we are able to offer the lowest rates in the market today.
Start the process by completing our easy to navigate, free online application form. After that, one of our licensed agents will contact you with a no-obligation quote on the bond premium. Once you are ready to proceed, we will collect the premium payment and have you sign the agreement. Lastly, we will send your Pennsylvania Full Agent Bond to you through USPS Priority Mail. Overnight is available for additional fee.
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