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How much does a buying service license bond cost in Georgia?
The Georgia Governor’s Office of Consumer Affairs requires buying service professionals to post $25,000 surety bonds prior to conducting business. A review of personal credit will be required in order to obtain a quote due to the fact that these bonds are subject to underwriting.
Use SuretyBonds.com’s easy online contact form to begin the bonding process with the click of a button. We can provide your free surety bond quote within 1 business day of submitting your application!
Call SuretyBonds.com at 1 (800) 308-4358 or click here to get started. Our team of surety specialists provides fast and easy bonding services for all of clients.
Why do I need this bond?
By posting a Georgia buying service license bond, an applicant pledges to comply with all laws of the state pertaining to the Buying Services Act of 1975. These bonds protect the governor and any person who suffers financial loss as a result of the principal’s failure to perform business ethically and lawfully.
The bond covers all damages up to the full penal sum of the bond, and the principal must reimburse the surety for any damages paid out.
We can provide your free surety bond quote within 1 business day! Apply now!
What’s the fine print?
Buying service license bonds in Georgia can be canceled at any time by the surety, providing that the surety gives written notice to the administrator of the Fair Business Practices Act of the State of Georgia that it intends to cancel the bond. Cancellation becomes effective 90 days after the receipt of said notice.