Arkansas Paid Solicitor Bond Guide
If you’re registering to become a paid charitable solicitor in Arkansas, you’ll need this surety bond.
Bond Overview
- Purpose: To protect charitable organizations from mismanagement of funds or inappropriate solicitations
- Who Needs It: Individuals that manage, solicit, and raise funds for charities
- Regulating Body: The Arkansas Secretary of State
- Required Coverage: $10,000
- Premium Rate: $150 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is an Arkansas Paid Solicitor Bond?
An Arkansas paid solicitor bond protects charitable organizations from damages due to mismanagement of funds or inappropriate solicitation activities.
The Arkansas Secretary of State requires this bond as part of the paid solicitor registration process to ensure these individuals solicit and handle funds legally.
How Much Do Paid Solicitor Bonds Cost in Arkansas?
A $10,000 Arkansas paid solicitor bond costs a flat rate of $150 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Paid Solicitor Bond?
The Arkansas Secretary of State requires this bond for all paid solicitors who manage and raise funds for charitable organizations in Arkansas.
Arkansas defines paid solicitors as any hired individual or entity that solicits contributions or conducts fundraising activities on behalf of a charitable organization.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Arkansas paid solicitor bond instantly online. Just enter your information and checkout in minutes.
You’ll receive an email with the official bond form. Be sure to file the bond and registration application packet via email to [email protected].
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Arkansas Paid Solicitor Bond Work?
As with all surety bonds, a paid solicitor bond creates a legal contract between three parties:
- Principal: You, the paid solicitor filing the bond
- Obligee: The Arkansas Secretary of State requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Arkansas Code § 4-28-407.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your paid solicitor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
