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Illinois Private Business and Vocational School Bond

Illinois Private Business and Vocational School Bond

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Who Requires the Private Business and Vocational School Bond and Why Is It Needed?

A Private Business and Vocational School Surety Bond is required by the Illinois Board of Higher Education for those applying for a Permit of Approval pursuant to the Private Business and Vocational Schools Act of 2012 (105 ILCS 426) to conduct a private business or vocational school in the State of Illinois. The surety bond protects students and their parents, guardians, or sponsors in the event of financial damages due to contract violations, unethical conduct or non-compliance with the provisions of the state statute. The surety may cancel the surety bond by providing 90 days written notice by registered or certified mail to the Illinois Board of Higher Education of the State of Illinois.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Illinois Private Business and Vocational School Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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