Vermont Asset Locator Bond Guide
If you’re applying to become an asset locator in Vermont, you’ll need this surety bond.
Bond Overview
- Purpose: To protect the State Treasurer if fraudulent or mistaken asset claims are made
- Who Needs It: Asset locators working in Vermont
- Regulating Body: The Vermont State Treasurer
- Required Coverage: $10,000
- Premium Rate: $100–$1,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Vermont Asset Locator Bond?
A Vermont asset locator bond protects the state if asset locators make mistakenly false or fraudulent claims.
The State Treasurer requires this bond as part of the licensing process for all asset locators in the state.
How Much Do Asset Locator Bonds Cost?
Vermont asset locator bonds cost a small percentage of the $10,000 coverage amount, typically $100–$1,000.
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 Vermont asset locator 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 email you the bond shortly after purchase. Be sure to file it with the State Treasurer as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Vermont Asset Locator Bond Work?
An asset locator bond creates a legal contract between these three parties:
- Principal: You, the asset locator filing the bond
- Obligee: The Vermont State Treasurer requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of 27 VT Stats § 1604.
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 asset locator bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.