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  1. chefman
    chefman is offline Member
    Join Date
    May 2007
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    59

    Cash For Your Car Title?

    I am opening a store in Philadelphia that will offer many cash advance services. One of them will be a Cash Loan Service for Car Titles. I am required to get a bond by the state for this business. Is this a money transmitter Bond?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    It sounds like a money transmitter bond to me, but it is best to check with the state department that is requiring the bond. They can provide you with a blank copy of the bond to give to your agent. This will tell you agent EXACTLY what the guarantee is.
    Surety Bond Articles
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