South Dakota Charitable Phone Solicitor Bond Guide
If you’re applying for a paid charitable solicitor registration in South Dakota, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure professional fundraisers uphold state regulations and properly handle funds
- Who Needs It: All paid charitable solicitors in South Dakota
- Regulating Body: The South Dakota Division of Consumer Protection
- Required Coverage: $10,000 or $20,000
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a South Dakota Charitable Telephone Solicitation Bond?
A South Dakota charitable telephone solicitation bond protects charitable organizations and donors by ensuring paid solicitors handle funds honestly.
The South Dakota Division of Consumer Protection requires this bond as part of the licensing process for all charitable telephone solicitors in the state.
How Much Do Charitable Telephone Solicitation Bonds Cost in South Dakota?
South Dakota charitable telephone solicitation bonds cost a small percentage of the bond amount, typically 1–10% based on credit score.
For example, you could pay $100–$1,000 for the $10,000 bond. Apply for your free, personalized quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Charitable Telephone Solicitation Bond?
The South Dakota Division of Consumer Protection requires a minimum $10,000 bond for all paid solicitors raising funds for charitable organizations. If you will have physical access to contributions, you need a $20,000 bond.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a South Dakota charitable telephone solicitation 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 the bond with the South Dakota Division of Consumer Protection along with your other registration application materials.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a South Dakota Charitable Telephone Solicitation Bond Work?
As with all surety bonds, a charitable telephone solicitation bond creates a legal contract between three parties:
- Principal: You, the charitable telephone solicitor filing the bond
- Obligee: The South Dakota Division of Consumer Protection requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of South Dakota Codified Laws 37-30-5.
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 charitable telephone solicitation bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the South Dakota Division of Consumer Protection as proof of ongoing coverage.
