Illinois Remittance Agent Bond

A Remittance Agent Bond is a type of surety bond required in the State of Illinois to ensure remittance to the state of payments received for vehicle taxes, vehicle registration fees or license fees in accordance with the provisions of state laws. The bond requirement is in accordance with Illinois statutes to license and regulate the acceptance of money from the public for remittance, to provide for the administration of these activities and all applicable rules set forth by the Secretary of State.