The Texas Secretary of State requires the Texas Telephone Solicitation Bond for all those in the business of telephone solicitation. Telephone Solicitation, as defined in the Texas Telephone Solicitation Act, means a telephone call a seller or salesperson initiates to induce a person to purchase, rent, claim or receive an item.
All who are in this business must be registered and the Secretary of State requires a security deposit in the amount of $10,000. In lieu of an irrevocable letter or certificate of deposit, a surety bond issued by a company licensed in the state may suffice. The bond states that the bondholder shall conduct the business in accordance with the provisions of the Texas Business and Commerce Code. In order to properly register as a telephone solicitor, this bond must be on file with the Secretary of State. This bond must be continuous and remain valid, otherwise, registration renewal could be denied.
Additional Requirements for Registration
- File a registration statement
- Pay the filing fee
- Consent regarding service of process
How do I obtain a Texas Telephone Solicitation Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Texas Telephone Solicitation Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.