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Virginia Money Order Sales and Money Transmission Bond

Virginia Money Order Sales and Money Transmission Bond

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Who Requires the Money Order Sales and Money Transmission Bond and Why Is It Needed?

A Surety Bond is required for Money Order Sales and Money Transmission businesses having applied for or in the application process with the Virginia State Corporation Commission for a license to engage in business under the Code of Virginia, Title 6.2, Chapter 19. The conditions of the surety bond include strict compliance with the provisions of the Code and satisfaction of all obligations to customers purchasing or holding money orders or initiating or receiving money transmissions as defined in Chapter 19 of Title 6.2 of the Code of Virginia. Furthermore, the bonded principal must satisfy all losses or damages suffered by the Virginia Corporation Commission or anyone financially harmed due to actions described above while dealing with the principal.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Virginia Money Order Sales and Money Transmission 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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