Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 8 of 8
  1. Bond Guy
    Bond Guy is offline Senior Member
    Join Date
    Oct 2007
    Posts
    179

    Payments for bonds?

    I had an MC # with FMCSA and used to have a surety bond but had to cash it in. My MC# is now revoked and I need to get bonded again. Does your company take payments for bonds? Thanks for your help.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  2. Mr. Bond
    Mr. Bond is offline Member
    Join Date
    Oct 2007
    Posts
    80

    Bond Payments

    Unfortunately all premiums are paid upfront prior to bond issuance. Installment payments are not an option.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  3. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
    Posts
    401

    Payments for bonds?

    Quote Originally Posted by Mr. Bond
    Unfortunately all premiums are paid upfront prior to bond issuance. Installment payments are not an option.
    Why aren't installment payments an option?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  4. Mr. Bond
    Mr. Bond is offline Member
    Join Date
    Oct 2007
    Posts
    80

    Bond Payments

    That is simply policy. No Installment Payments!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  5. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
    Posts
    401

    Payments for bonds

    Quote Originally Posted by Mr. Bond
    That is simply policy. No Installment Payments!
    Is that the Surety's policy? Or yours?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  6. Mr. Bond
    Mr. Bond is offline Member
    Join Date
    Oct 2007
    Posts
    80

    It is the surety's policy and we enforce it.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  7. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Payments for Bonds

    Quote Originally Posted by Mr. Bond
    It is the surety's policy and we enforce it.
    It's Surety's policy especially because the first year of premium is fully earned upon issuance of the bond. So, if the bond gets cancelled a couple of months into the term, we are on the hook for the full year.

    Everyone is right... no money... no bond
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  8. don jipping
    don jipping is offline BMC-85 Expert
    Join Date
    Feb 2005
    Posts
    74

    payments

    The BMC-85 Broker Trust Fund is available by making monthly deposits.

    But the trustee is going to want to know the reason you cancelled your bond, or why the surety did.

    A bad claims history will not bode well for you.

    Don
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
« Previous Thread | Next Thread »

Similar Threads

  1. Payments?
    By grasshopper in forum Mortgage Broker Bonds
    Replies: 4
    Last Post: 10-31-2008, 10:46 AM
  2. Premium Payments?
    By Bond Guy in forum Mortgage Broker Bonds
    Replies: 5
    Last Post: 10-02-2008, 09:10 AM
  3. child support payments
    By rick in forum Motor Vehicle Dealer Bonds
    Replies: 2
    Last Post: 02-16-2006, 05:30 PM
  4. percentage payments to start
    By warso in forum Other Contract Bonds
    Replies: 1
    Last Post: 11-28-2005, 10:24 AM
  5. Monthly Premium Payments
    By Unregistered in forum Miscellaneous Bonds
    Replies: 1
    Last Post: 02-16-2005, 09:14 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules


Content Relevant URLs by vBSEO 3.5.0 RC1 PL1