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California Yacht Broker Bond

California Yacht Broker Bond

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Who Requires the Yacht Broker Bond and Why Is It Needed?

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.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your California Yacht Broker 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.

List of California surety bonds.

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