Paper Copy of Bond

[Bond Guy]

I have noticed from the past posts here that the FMCSA files electronically and there is no paper bond. I have a client that is demanding a paper copy of my bond and will not use my services unless I produce one. What do you suggest that I do? Thanks in advance for your advice.

[Surety Queen]

Originally Posted by Bond Guy

I have noticed from the past posts here that the FMCSA files electronically and there is no paper bond. I have a client that is demanding a paper copy of my bond and will not use my services unless I produce one. What do you suggest that I do? Thanks in advance for your advice.

In my experience, when a surety files the BMC-84 electronically, they are not permitted to issue a paper bond. I've been told that they can be fined by FMCSA if they do. When you think about it, the FMCSA website is much more up-to-date than a paper copy of a bond. Anyone can go to the website and after entering the MC#, see the status of the bond. When providing a paper copy of the bond, it could be cancelled the next week and no one would know it. You just have to try to convince your client that electronic is the way to go for the most up to the minute status of their bond. They can print out the FMCSA record to put in their packets of they want to provide proof of a bond.

[don jipping]

Excellant advice. The FMCSA's Licensing & Insurance website is the most accurate way to verify a bond or a trust.

If coverage is not filed under the active/pending insurance....your asking for problems.

That web site is ....Licensing & Insurance Introduction Page

I've often heard white out was invented for crooks.

Don