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How much does a professional solicitor bond cost in Colorado?
The Colorado Secretary of State requires paid charitable solicitors to register and post a $15,000 surety bond before doing business.
The amount you pay for your bond will depend on a review of your personal financial history. Applicants with strong credit can expect to pay as little as 1% of the bond amount—but don’t worry if your credit isn’t perfect! Our surety experts can help you get the best rate for your paid solicitor surety bond. Apply for your free bond quote now!
Call 1 (800) 308-4358, or submit a bond request, to connect with our team of surety bond experts. We can typically provide free, no-obligation bond quotes within one business day of submitting your bond application.
Why do I need this bond?
This bond ensures that paid solicitors for charity adhere to the provisions of Colorado Revised Statutes Title 6, Article 16, called the Colorado Charitable Solicitations Act. Solicitors cannot misrepresent charities or imply that donating to the charity will earn the donor favorable treatment from law enforcement or government agencies. Violations of the Act are considered charitable fraud and can incur fines of up to $10,000 per violation.
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What’s the fine print?
Paid solicitors for charity should renew their bond annually along with their license, which can be done through a continuation certificate issued by the surety company.
How to become a professional solicitor in Colorado
Paid charitable solicitors must register with the Office of the Secretary of State online. Some of the required information includes the following:
- Name and contact information for the paid solicitor applicant
- Place of business information
- Names of officers, executives, etc., if applicant is an organization
- $175 registration fee
Applicants must submit payment online when registering. For more information, refer to the "Additional Resources" section below.