Commissioner Merchant Bond | Surety BondCommissioner Merchant Bond Application
Type of BondThis commission merchant bond Guarantees the payment for produce, which are delivered, to the principal. To perform the function of commission merchant, the commission merchant is required to obtain the commission merchant license from the director. Before the commission merchant procures the license, he has to execute a commission merchant surety bond to the director with the authorization of the surety company. The commission merchant bond is issued to the merchant who is dealing with the hay, straw, seed, livestock and other agriculture products. The commission merchant bond is issued to the benefit of the state to have a qualified merchant for the state. The commission merchant or the commission agent enters in to an agreement with the farmer. It means that the commission merchant will act as per the terms and condition of the bond. In default of the commission merchant, he can be sued in the court of law with reference to the bond.
Program: Our agency currently has several specialty programs that can help you place your Commissioner Merchant Bond.
Commissioner Merchant Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Commissioner Merchant Bond is easy. You can apply for the Commissioner Merchant Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Commissioner Merchant.
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|License Permit||Commissioner Merchant Bond||License Permit Commissioner Merchant Bond|