The Utah Post-Secondary School Act Bond is required by the Utah Division of Consumer Protection for all who wish to establish a proprietary school in the state. A proprietary school is a private institution, including a business, modeling, paramedical, tax preparation, or trade or technical school, that offers post secondary education:
(i) in consideration of the payment of tuition or fees; and
(ii) for the attainment of educational, professional, or vocational objectives.
What is the purpose of a Post-Secondary School Bond?
It guarantees the Division that the bondholder will comply with all of the provisions of state laws and rules required of Principal under the Act or Division Rules and all such provisions as may be imposed upon the bondholder by law or rule. It also ensures that the holder will refrain from injuring or damaging any person by reason of any act in violation of the Act or the Rules.
How do I obtain a Post-Secondary Proprietary School Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.