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What is a MI – IFTA License Bond?
The Michigan Motor Fuel, Motor Carrier and Tobacco Products Bond is a requirement for those applying to the Department of Treasury in order to receive any one of these licenses: A licensee of motor fuel, Liquid Petroleum Gas Dealer, IFTA License, Eligible Purchaser, Wholesaler or Unclassified Acquirer of Tobacco Products. The amount may differ depending on if you're being reviewed before or after an oral exam with department employees but it's important that this document be prepared beforehand so don't forget!
Each bond is guaranteed to be delivered. The bonds guarantee that the holder will comply with all laws pertaining to distribution or sale of motor fuel, tobacco products licensing for carriers and pay taxes as well at time of purchase – this includes penalties too!
Do you need a bond for your business?
Swiftbonds is the best place to get a Michigan IFTA License Bond. We offer fast and easy bonding services at competitive rates with no hidden fees or costs. Get bonded today!
A Michigan IFTA License Bond from Swiftbonds will help protect your company's assets and ensure that you can maintain operations in case of unforeseen events such as lawsuits or bankruptcy. Contact us now to learn more about our process and how we can help you!
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Why is the MI – IFTA 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. Find a MI – Liquid Industrial Waste Haulers – Nonresident ($30,000) Bond.
How does a MI – IFTA License Bond work?
Getting a MI – IFTA 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. See a MI – Licensee of Motor Fuel Bond.
How much does a MI – IFTA License Bond cost?
MI – IFTA 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 MI – IFTA 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. Here's a MI – Insurance Premium Finance Company ($10,000) Bond.
How to get your MI – IFTA License Bond?
Would you like to know the first step in getting your MI – IFTA 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. Read a MI – Information Purchaser ($25,000) Bond.