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Originally Posted by Bond Magician Is the BMC-84 (Surety Bond) and the BMC-85 (Trust Fund) the same thing? How do they differ? Is one a better option than the other? |
As far as FMCSA is concerned, both options satisfy their requirements. The Trust Fund is generally written for companies who do not qualify for the bond because it will ultimately require that you post the full $10,000 as collateral. In a perfect world, when the bond is written, it's done so without collateral required. Everyone has different circumstances so it's hard to say which is the better option. Best for you to have a discussion with a bond specialist and a trust fund specialist to see which option works best for you.