Missouri Commercial Finance Broker Surety Bond

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Bond Penalty: $10,000

The Missouri Commercial Finance Broker Surety Bond is required by the Missouri Division of Finance to ensure that commercial finance brokers operating within the state comply with Missouri Revised Statute 427.300. This bond protects consumers by guaranteeing that brokers will conduct business ethically and in accordance with the law, offering a safeguard in the event of fraud or misconduct.

At Surety One, Inc., we understand the importance of obtaining your Missouri Commercial Finance Broker Bond quickly and efficiently. We offer fast approval and competitive rates, ensuring your business is fully compliant with Missouri's new broker surety bonding requirements.

What is a Missouri Commercial Finance Broker Surety Bond?
A Missouri Commercial Finance Broker Surety Bond is a type of surety bond required for individuals or entities engaged in brokering commercial financing agreements in the state. It ensures that brokers will adhere to the provisions of Missouri Statute 427.300, which outlines the responsibilities and obligations for brokers in this field. The bond serves as a financial guarantee that the broker will perform their duties according to the law and in good faith. If a broker violates the law or causes financial harm to a consumer, a claim can be made against the bond to compensate affected parties.

Who Needs This Bond?
If you are a commercial finance broker operating in Missouri, you are required to post this bond before obtaining or renewing your license. The bond protects the public by providing recourse in cases of unethical behavior or legal violations by the broker.

Missouri Statutory Requirement
Under Missouri Revised Statute 427.300, any person or company acting as a commercial finance broker must post a surety bond to ensure compliance with state regulations. The bond must be in the amount of $10,000 and is conditioned on the broker's compliance with the provisions of the statute, including the ethical handling of clients' financial matters. This statute also empowers consumers to file a claim against the bond if they suffer losses due to fraud, misrepresentation, or failure to adhere to contractual obligations.

More about Missouri Statute 427.300
Bond Form and Guarantee
The Missouri Commercial Finance Broker Bond form includes the specific guarantee language that protects consumers. By posting this bond, the broker guarantees that they will operate their business in line with state laws, and in the event of a claim, the surety bond will provide financial restitution to injured parties, up to the bond's full amount.

How Much Does a Missouri Commercial Finance Broker Bond Cost?
The cost of your Missouri Commercial Finance Broker Surety Bond is a small percentage of the total bond amount, usually between 1% and 3%, based on standard credit. At Surety One, we work with a wide range of applicants, including those with less-than-perfect credit. Get a free, no-obligation quote by filling out our simple application.

At Surety One, we are committed to providing exceptional service and competitive rates. As a leading provider of surety bonds nationwide, we have years of experience helping businesses like yours stay compliant with state regulations. Here’s why our clients trust us:

  • Fast Approvals – Receive your bond in as little as 24 hours.
  • Flexible Options – We work with applicants of all credit types.
  • Expert Support – Our knowledgeable team is here to answer any questions you have.
  • Nationwide Coverage – We serve businesses in all 50 states.

Missouri surety bond leader, Surety One, Inc. is a specialist in providing for the bonding needs of the finance industry. We also offer fidelity bonds (commercial crime policies) for finance professional, broker-dealers and mortgage brokers. We offer this class of surety instrument to all applicants in every state where contractors must provide them. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat to discuss your Missouri Commercial Finance Broker Surety Bond.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

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