City of Portland Vendor, Peddler or Solicitor Bond Guide
If you’re applying for a vendor, peddler or solicitor permit in Portland, Tennessee, you’ll need this surety bond.
Bond Overview
- Purpose: To hold vendors accountable for operating honestly and legally
- Who Needs It: All vendors, peddlers and solicitors working in Portland, TN
- Regulating Body: The City of Portland
- Required Coverage: $1,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Portland Vendor, Peddler or Solicitor Bond?
In Portland, Tennessee, vendor, peddler or solicitor bonds protect the public from unlawful business practices and solicitations.
The bond allows for financial recourse if a vendor, peddler or solicitor breaks permit regulations or causes other damages.
How Much Do Vendor Bonds Cost?
A $1,000 City of Portland vendor, peddler or solicitor bond costs a flat rate of $100 for a 1-year term.
Or, you can save 25% by selecting a multi-year term. Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Portland vendor, peddler or solicitor 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 City of Portland Vendor, Peddler or Solicitor Bond Work?
As with all surety bonds, a vendor, peddler or solicitor bond creates a legal contract between three parties:
- Principal: You, the vendor, peddler or solicitor filing the bond
- Obligee: The City of Portland requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable municipal ordinances and regulations.
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 refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your vendor, peddler or solicitor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.