Utah Telemarketer Bond Overview
- Purpose: To ensure telemarketers follow state laws and regulations for phone solicitations
- Who Needs It: All non-exempt companies making sales calls from Utah or that are received in Utah
- Regulating Body: The Utah Department of Commerce | Division of Consumer Protection
- Bond Amount: $25,000, $50,000, or $75,000
- Minimum Price: 1% of the bond amount
What Is a Utah Telemarketer Bond?
A Utah telemarketing business bond is a financial guarantee that phone solicitors will uphold state laws and regulations. This includes the following:
- Honoring no call lists
- Not misleading consumers
- Properly identifying the caller
The Division of Consumer Protection requires this bond for any non-exempt business making sales calls from Utah or to Utah consumers.
Bond Coverage Requirements for Utah Telemarketers
The required bond coverage depends on two factors:
- How many telemarketing employees you have
- Whether you have any phone solicitation rule violations
Use the table below to confirm your coverage amount.
| Company Size & History | Bond Amount |
|---|---|
| <10 employees with no recent rule violations | $25,000 Bond |
| 10+ employees with no recent rule violations | $50,000 Bond |
| Any size company with a phone solicitation rule violation in the last 3 years | $75,000 Bond |
How Much Do Telemarketer Bonds Cost?
Utah telemarketing company bonds cost 1–10% of the total bond amount. Exact rates are calculated based on a soft credit preview. With excellent credit, you could pay as low as $250 for a $25,000 bond or $500 for $50,000 coverage. Apply in minutes now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Utah Telemarketer Bond Work?
When you file a telemarketing bond, you enter a legally-binding contract with three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The telemarketing company owner(s) filing the bond |
| 2) Obligee | The Utah Department of Commerce | Division of Consumer Protection |
| 3) Surety | The issuing surety provider |
These bonds hold telemarketers responsible for complying with the Utah Telephone Solicitation Act. If consumers are wronged, the bond protects them from financial loss. The principal must reimburse the surety for all damages paid out.
How Do I Get a Telemarketer Bond in Utah?
SuretyBonds.com provides the fastest way to get a telemarketing bond in Utah. Just follow these simple steps:
- Apply Online: Fill out the quote request form on this page.
- Pay Invoice: Complete your purchase online or over the phone.
- Receive Bond: Check your email shortly after checkout to find your official bond form.
You’ll file the bond form along with your telemarketing registration packet to the state.
Can I Get Bonded With Bad Credit?
Underwriters will do a soft credit preview to determine your rate. Most applicants can still qualify with bad credit, however it may increase your quote.
How Do I Renew My Bond?
You can renew your bond online by simply paying the renewal invoice. Before your one-year term expires, we’ll send out email and text reminders with a link to renew.
Once you renew, file the continuation certificate with the state. This form is proof that you still have active bond coverage.
Can I Make Changes to My Bond?
Only your surety provider can edit an existing bond form. If you need information changed on your bond, email [email protected] with your request.
How to Register a Telemarketing Business in Utah
To register your telemarketing company with the Utah Department of Commerce, you must create an UtahID account and complete the online registration. Find the correct license type and include all information and attachments, such as your surety bond form.
After operating for five years under the same company name, you can typically be exempt from the registration and bond requirements.
