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What is a California Deferred Deposit Transaction Law License Bond?
The California Commissioner of Corporations will not be held liable for any losses, fines or damages incurred by a consumer resulting from the licensee's noncompliance. This is why all Deferred Deposit Transaction Law Licensee's are required to post a Surety Bond with the Commission in an amount determined as appropriate under law.
Do you need a bond for your company?
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Why is the California Deferred Deposit Transaction Law License Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. See a Chico, CA – House-to-House Peddling and Soliciting Permit ($1,000) Bond.
How does a California Deferred Deposit Transaction Law License Bond work?
Getting a California Deferred Deposit Transaction Law License Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Here's a California Discount Buying Organization ($2,500,000) Bond.
How much does a California Deferred Deposit Transaction Law License Bond cost?
California Deferred Deposit Transaction Law License Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a California Deferred Deposit Transaction Law License Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Read a California Discount Buying Organization ($250,000) Bond.
How to get your California Deferred Deposit Transaction Law License Bond Bond?
Would you like to know the first step in getting your California Deferred Deposit Transaction Law License Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Get a California Discount Buying Organization ($20,000) Bond.
