Montana Textbook Dealer License Bond Guide
If you’re applying for a textbook dealer license in Montana, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure textbook dealers comply with state laws and regulations
- Who Needs It: Licensed school textbook dealers in Montana
- Regulating Body: The Montana Office of Public Instruction
- Required Coverage: $2,000–$10,000
- Premium Rate: Credit-based, typically 1–5%
Learn all about the bond requirements and process in this guide.
What Is a Montana Textbook Dealer License Bond?
A Montana textbook dealer license bond ensures that contracted dealers properly sell, supply and distribute textbooks to public schools.
The Office of Public Instruction requires this bond as part of the licensing process. Your bond amount will be set between $2,000–$10,000 by the superintendent of public instruction.
How Much Do Textbook Dealer License Bonds Cost?
Montana textbook dealer license bonds cost a small percentage of the required coverage amount, typically 1–5%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Montana textbook dealer license bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Office of Public Instruction as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Montana Textbook Dealer License Bond Work?
A textbook dealer license bond creates a legal contract between these three parties:
- Principal: You, the textbook dealer filing the bond
- Obligee: The Montana Office of Public Instruction requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Montana Code Title 20, Chapter 7, Part 6.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your textbook dealer license bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
