A surety bond is a contract that promises you will follow through on your duties. You might need a surety bond to get licensed depending on your profession.
If you follow through on your duties and perform your work ethically and honestly, nothing will happen with your bond.
Here’s how to get an Illinois surety bond.
Check cashing stores and similar businesses have gained a poor reputation over the years. In order to help regulate these businesses, the state of Illinois requires money exchangers to be licensed and bonded.
A Currency Exchange License is required for businesses that cash checks, sell or cash money orders, and/or make wire transfers.
This license is issued by the Illinois Department of Financial & Professional Regulation.
In order to start a car dealership, the West Virginia Division of Motor Vehicles requires you to get a West Virginia Motor Vehicle Dealer License. Here are the steps you need to take to get licensed.
Note that you are allowed to sell vehicles without a dealer license as long as those vehicles are titled in your name and used primarily for personal, family, or household use. If you plan to flip cars for a profit, you will need to get a dealer license.
Not sure if you need a dealer license? Check out this post on selling cars without a license.
Short on time? Check out our Car Dealer License FAQ.
If you’re working on large scale projects or in certain bondable industries in Las Vegas, Nevada, you may find that your customers need you to provide an assurance that your company is financially responsible. You can show that you have a strong record of following through on projects by acquiring a Las Vegas surety bond.
When a company is bonded with a Las Vegas surety bond, this reassures its customers that the company is responsible and can successfully complete projects. A Las Vegas surety bond protects your clients from financial loss.
If your business is in a position of trust, you will most likely need a surety bond. A Missouri surety bond shows your customers that your business complies with state and federal laws and that you can be trusted to follow through, both legally and financially.
If you fail to fullfill your obligations, someone can make a claim against your surety bond.
If you don’t know what kind of bond you need, view our Popular Bonds page.
Any person or company who negotiates, places, assists in placing, finds, or offers to do any of the above on residential property in the state of Illinois needs an Illinois Mortgage Broker License.
You are not legally authorized to engage in mortgage brokering or mortgage lending activities in the state of Illinois until you have secured your mortgage license. This is due to the SAFE Mortgage Licensing Act statutes.
Illinois Mortgage Licenses are issued by the Nationwide Mortgage Licensing System.