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California Yacht Broker Bonds

What is a California Yacht Broker Bond?

A Yacht or Boat Broker Dealer Bond is required for those making application to the Division of Boating and Waterways of the State of California for a license to act as Yacht and Ship Broker. The surety bond is mandated by the California Yacht and Ship Brokers Act and the penal sum of the bond must be $15,000. The bond obligation ensures that the broker is accountable for financial transactions and complies with laws and regulation of the state. It protects those who may be damaged monetarily as a result of fraudulent or deceitful acts or grossly negligent representations by the licensed broker.

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Yacht Broker Bond

$15,000 Bond

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