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Florida Money Services Business Bond

Florida Money Services Business Bond

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Who Requires the Money Services Business Bond and Why Is It Needed?

The Office of Financial Regulation requires money service businesses acting as Part II Licensees pursuant to Chapter 560, Florida Statutes to furnish a corporate surety bond. The surety bond is conditioned upon the bonded principal's conformance with Chapter 560, Florida Statutes. The Office of Financial Regulation, the Department of Legal Affairs, or any individual claimant may file a claim against this bond in the event of the principal's failure to faithfully perform obligations including the receipt, handling, transmission, and payment of funds. The bond is commonly in a penal sum of $50,000 and it runs continuously until cancelled by the surety company with 30 days written notice to theState of Florida, Office of Financial Regulation.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Florida Money Services Business 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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Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
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