California Motor Vehicle Dealer Bond

Written by JoAnn Smith on May 23rd, 2017. Posted in California, Motor Vehicle Bonds, Surety Bond Blog

So you want to become a Motor Vehicle Dealer in California and you need to get a California Motor Vehicle Dealer Bond?  If you are applying for a bond for the first time it can be confusing and a downright daunting task. We understand that and are here to help.

Here are the absolutes:

  1. Must be a US Citizen
  2. Must not have past due child support
  3. No open tax liens
  4. Must not have open judgments
  5. No large amount of past dues on credit report.
A surety bond is a 3 party agreement between you (the principal), the obligee (the state) and the surety company.   The California Motor Vehicle Dealer Bond is a compliance type bond.  You will have rules and regulations to follow to remain compliant with your license.  The bond guarantees that you will be compliant and if not the surety will pay the claim.  You, the principal, are the indemnitor. This means if there is a claim paid on the bond, you will be responsible to repay the surety company.  Having a bond claim paid out may result in cancellation of your bond. Surety companies review the credit of the owner(s) to determine the rate.  The better the credit the lower the rate.  It is important to know that once you are bonded your credit will be reviewed at every renewal period so keeping your credit in good shape or improving it each year will benefit you greatly.  Credit review is a review only and will not affect the credit score in any way. To apply for the California Motor Vehicle Dealer Bond you may click here BuySurety.com.

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Surety Bonds on the Rocks

Written by JoAnn Smith on July 22nd, 2016. Posted in California, On The Rocks, Surety Bond Blog

Bond Type:  Immigration Consultant Bond
Other names:
  • CA Immigration Consultant Bond

Definition:   This bond ensures that the person consulting legal immigrants will not give legal advice, will assist legal immigrants with completion of the proper forms, and will help the client secure the correct documentation to complete their immigration status.
Requirements: 
  • Application on BuySurety.com
  • US citizen
  • Current business and personal information
  • There cannot be a felony or a disqualifying misdemeanor on the record.

Obligee:  State of California
Typical Bond Premium: This bond is based on risk assessment using personal credit score and years in business.
Surety on the Rocks:  Red Sangria 2 bottles of red Spanish table wine 1 cup of brandy ½ cup triple sec 1 cup orange juice 1 cup pomegranate juice ½ cup Simple Syrup Slices of orange and apple, blackberries, pomegranate seeds Mix all ingredients together and let stand in a tightly sealed container or pitcher for at least 24 hours in the refrigerator before serving.three drinks

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Surety On The Rocks

Written by JoAnn Smith on November 13th, 2015. Posted in California, Contractor License Bonds, License and Permit Bonds, On The Rocks, On The Rocks, Surety Bond Blog

CALIFORNIA CONTRACTOR’S LICENSE BOND   Recently in the state of California there was an enforcement of the law that all contractors must be licensed and bonded. At this time it was reiterated to the clients the importance of hiring only contractors that have an active license and bond. You might question why you need to be bonded.  The bond is required to ensure that active, reactivated, and new licensed contractors have the ability to cover any damages your client might encounter as a result of poor construction.  It also ensures your employees are paid wages that they have earned. In California all home improvement jobs that will cost over $500 in labor and materials must be completed by a company with a state issued contractor’s license and therefore they must be bonded.  These jobs can not be divided up into smaller contract’s to bypass this law. At BuySurety.com we are able to get a contractor license bond quote quickly for you.  All we require is that you fill out an application on BuySurety.com and fill in your license number.  With a clean license, we can get a fair and competitive quote for you within a few business hours.  Requirements from the state are:
  • The bond must be written by a surety company licensed through the CA Dept of Insurance. – At BuySurety.com we only work with surety company’s that are licensed in all 50 states.
  • The bond must be in the amount of $12,500 – This will increase to $15,000 on January 1, 2016.
  • The business name and license number on the bond must correspond EXACTLY with the business name and license number on the CSLB’s records. – If it does not match exactly it is imperative that you contact the CLSB and make the proper changes before you purchase your bond.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form approved by the Attorney General’s Office.
  • The bond must be received at the CSLB’s office within 90 days of the effective date of the bond. – In most cases we are able to file the bond electronically for you.
Apply here:  BuySurety
  The Spicy Spiked Cider
  • 1 part Cinnamon liquor – I prefer Fireball
  • 2 parts Apple Cider – Trader Joes offers a great cider this time of year
  • Apples and cinnamon sticks
  • Cinnamon and Sugar
  • Garnish with an apple slice

Instructions

Warm your apple cider on the stove.  Dip your glass in some simple syrup and rim with cinnamon and sugar.  Add you Fire ball and a couple chunks of apple to your glass.  Pour your warm cider over and garnish with an apple slice.  Perfect to enjoy on a cold fall night.  three drinks

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Foreign Labor Consultants in California Get Bonded

Written by JoAnn Smith on June 16th, 2014. Posted in Bond Types, California, Latest News, License and Permit Bonds, Surety Bond Blog

     foreign workers consultants get bonded      
foreign workers consultants get bonded
With the demand for foreign labor higher than ever, California is considering legislature to further regulate the hiring practices for foreign workers. It has passed a bill through The Senate that is now under consideration of The Assembly regarding how foreign labor consultants are regulated. It will include the introduction of a requirement for all foreign labor consultants to get bonded as part of their registration with appropriate state authorities in addition to the current licensing.
 
The hopes is that this new legislation will help the state to control the rampant use of illegal immigrant workers and at the same time protect casual labor from exploitation by unregistered foreign labor consultants.

Contractors Told to Get Bonded

Once passed, California Senate Bill 477 will require all foreign labor consultants to register with a state agency. Part of this registration will include the payment of a surety bond based on the contractor’s projected annual income. State agencies will then post the names of all foreign labor contractors that have applied to get bonded as part of their registration. Employers can use this site to ensure that contractors they hire for casual labor are registered and bonded with the state. Hiring of unregistered foreign labor contractors can result in penalties for the employers as well as the contractors.

Penalties for Using Unregistered Contractors

Once passed, this legislature will ensure that anyone who wishes to hire foreign casual labor can do so knowing that the contractor they work with has been registered with the state. The surety bond that the contractor has posted will ensure that workers have a way to bring their grievances to the state for illegal practices such as paying fees to a contractor for hiring them or charging housing and other illegal costs to the foreign laborer.

Get Bonded with BuySurety

While not every state requires foreign labor contractors to get bonded, it is a good idea for anyone considering this type of business to check the local requirements. BuySurety can provide surety bonds such as Employment Agency Bonds, License and Permit Bonds or even a Registration Service Bond, depending on what your state requires from your business. With over 20 years of experience and nationwide coverage, BuySurety can provide the kind of surety bond you need to get bonded quickly and stay within the law. Contact our helpful customer service through our website now and find out just how fast and easy it is to get bonded today.

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California Immigration Consultant Bonds Increase in July

Written by JoAnn Smith on May 21st, 2014. Posted in Bond Types, California, Commercial Bonds, License and Permit Bonds, Surety Bond Blog

     immigration consultant bond
immigration consultant bonds have new requirements
The cost of an immigration consultant bond will increase on July 1st for anyone who is offering this service in the state of California. The increase in the bond amount is part of a new set of immigration consultant requirements that the state has implemented recently. These changes include the increased use of background checks for anyone who wishes to be licensed in California as an immigration consultant and an increase in the immigrant consultant bond from $50,000 to $100,000. The surety bond must be filed with the Secretary of State and the renewal of the bond must also be filed prior to the expiration date of the bond.

Qualifying for an Immigration Consultant Bond

This new increased surety bond amount is part of the state of California’s interest in verifying anyone who works as an immigration consultant. Those who fulfill the requirements get their license and post the immigration consultant bond will be listed on the website of the California Secretary of State as an accredited immigration consultant. There are a few reasons why anyone who is otherwise qualified for the position would not be verified by the state. These include: Anyone who wishes to engage as an immigration consultant must register their business with the Secretary of State and submit proof of the surety bond amount prior to engaging in business. This includes anyone who acts in the capacity of an immigration consultant regardless of whether they have a separate business or not. In addition to the above qualifications and the immigration consultant bond, an individual must also pass a background check and provide a disclosure statement.

Filing Your Immigration Consultant Bond

Qualifying for an immigration consultant bond is fast and easy if you use an experienced surety bond company like BuySurety. We have been supplying immigration consultant bonds, performance bonds and every manner of government required surety bond since 1998. Our friendly and informative customer service people can help you to find the surety bond you need quickly, get qualified and make sure you are bonded correctly and on time. Don’t take chances with something as important as your immigration consultant bond. Contact BuySurety and get bonded today.

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