City of Tupelo Transient Merchant Bond Guide
If you’re applying for a transient merchant license in Tupelo, Mississippi, you’ll need this surety bond.
Bond Overview
- Purpose: To hold transient merchants accountable for following local laws
- Who Needs It: All transient merchants working in Tupelo, MS
- Regulating Body: The City of Tupelo Department of Finance
- Required Coverage: $2,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Tupelo Transient Merchant Bond?
In Tupelo, Mississippi, transient merchant bonds protect the public from unlawful business practices and solicitations.
The bond allows for financial recourse if a transient merchant breaks license regulations or causes other damages.
How Much Do Transient Merchant Bonds Cost?
A $2,000 City of Tupelo transient merchant bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Tupelo transient merchant bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Tupelo Transient Merchant Bond Work?
A City of Tupelo transient merchant bond holds you financially responsible for upholding all applicable local ordinances, codes and laws.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the $2,000 bond limit, but you must refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your transient merchant bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.