City of McKinney Solicitor Permit Bond Guide
If you’re applying for a solicitor permit in McKinney, TX, you’ll need this surety bond.
Bond Overview
- Purpose: To hold solicitors accountable for operating honestly and legally
- Who Needs It: All solicitors working in McKinney, TX
- Regulating Body: The City of McKinney
- Required Coverage: $5,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of McKinney Solicitor Permit Bond?
In McKinney, Texas, solicitor permit bonds protect the public from unlawful business practices and solicitations.
The bond allows for financial recourse if a solicitor breaks license regulations or causes other damages.
How Much Do Solicitor Permit Bonds Cost?
A $5,000 City of McKinney solicitor permit 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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SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Solicitor Permit Bond?
The City of McKinney requires a $5,000 cash bond or surety bond as part of the permit approval process for all solicitors operating within city limits.
With a surety bond, you only pay a small percentage of the bond amount as the premium instead of the full cash value.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of McKinney solicitor permit 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 McKinney Solicitor Permit Bond Work?
As with all surety bonds, a solicitor permit bond creates a legal contract between three parties:
- Principal: You, the solicitor filing the bond
- Obligee: The City of McKinney 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 solicitor permit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.