Get An Instant Quote on Oregon Liquor Control Commission License Bond Now
Introduction
The Oregon Liquor Control Commission (OLCC) License Bond is a type of surety bond needed by the OLCC from certain license applicants and permit holders involved in the manufacturing, distribution, or sale of alcoholic beverages within the state. This bond perform as a financial assurance that the licensee will comply with Oregon’s liquor laws and regulations, including timely payment of taxes and adherence to all provisions under Oregon Revised Statutes (ORS) Chapter 471 and related administrative rules.
What is the Oregon Liquor Control Commission License Bond?
The Oregon Liquor Control Commission (OLCC) License Bond—now overseen by the Oregon Liquor and Cannabis Commission—is a surety bond required from certain individuals or businesses applying for or renewing a liquor license in Oregon. This bond acts as a financial guarantee that the licensee will comply with all state laws and administrative rules governing the manufacture, sale, and distribution of alcoholic beverages.
Purpose of the Oregon Liquor Control Commission License Bond
The bond guarantee that the licensee act with accordance with Oregon liquor laws, especially those under ORS Chapter 471 and OAR Chapter 845. Will pays all applicable taxes, fees, and penalties due to the state. Operates lawfully and ethically in the manufacture, distribution, or retail sale of alcohol.
If a licensee fails to meet these obligations, the OLCC or another injured party may file a claim against the bond. If the claim is valid, the surety company will compensate the harmed party up to the bond amount, and the licensee must reimburse the surety.
Who Needs an Oregon Liquor Control Commission License Bond?
The Oregon Liquor Control Commission (OLCC) License may require a bond from licensees such as Manufacturers (e.g., brewers, distillers, winemakers), Distributors and wholesalers, Retailers who sell alcohol for on- or off-premises consumption.
To obtain an Oregon Liquor Control Commission License Bond?
Complete the Online Application – Fill out the application form with accurate information about your business, including: Business Name, Business Address, Type of Liquor License, Owner's Contact Information.
Submit the Application – After completing the form, submit it through the website.
Receive a Quote – Swiftbonds will review your application and provide a quote based on factors such as the required bond amount and your financial credentials.
Purchase the Bond – If you accept the quote, you can proceed to purchase the bond. Swiftbonds offers competitive rates and will work with your budget to find the best option for you.
Obtain the Bond Certificate – Once payment is processed, Swiftbonds will issue the bond certificate, which you can then submit to the OLCC as part of your licensing requirements.
Understanding Bond Amount and Duration
-
The bond amount is determined by the OLCC based on the license type and financial risk.
-
Bonds must be issued by a surety company authorized to operate in Oregon.
-
The bond must remain in effect for the duration of the liquor license and must be renewed annually or as required by the OLCC.
Summary
The Oregon Liquor Control Commission License Bond is a critical compliance tool for liquor license holders. It protects the state and the public by making sure licensees operate within the bounds of Oregon liquor laws and fulfill all regulatory and financial obligations. Applicants should consult the OLCC or their licensing agent to determine if a bond is required for their specific license type.
Frequently Asked Questions
What will happens if I fail to comply with the bond requirements?
If you violate Oregon liquor laws or fail to meet financial obligations (e.g., taxes or fees), the state or an affected party may file a claim against your bond. If the claim is valid, the surety company will pay damages up to the bond amount, and you must reimburse the surety for any amounts paid.
Can I operate without the required OLCC License Bond in Oregon State?
No. If the OLCC determines that a bond is required for your license type or business situation, you must have and maintain the bond as a condition of licensure. Operating without the required bond may lead to license denial, suspension, or revocation.
How do I obtain an OLCC License Bond in the State of Oregon?
You can acquire the bond through a licensed surety bond provider authorized to issue bonds in Oregon. The provider will evaluate your financial background and issue the bond if you qualify.
How do I know if my license type requires a bond in State of Oregon?
Refer to the OLCC’s licensing documentation or make contact with the OLCC directly. Requirements vary by license class and applicant risk assessment. The OLCC has discretion to require a bond even if it's not automatically mandated for a particular license.