US Legal Forms
Virginia Broker-Dealer's Surety Bond

Virginia Broker-Dealer's Surety Bond

Name: Virginia Broker-Dealer's Surety Bond
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.86 (360 reviews)

Category:

Virginia Secretary of State - Blue Sky - Securities and Franchising

State:

Virginia

Control #:

VA-SOS-SA11

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Broker-Dealer's Surety Bond The Virginia Broker-Dealer's Surety Bond is a type of financial guarantee bond issued by a surety company to guarantee that a broker dealer will comply with the terms and conditions of the Virginia State Corporation Commission. It provides financial protection to customers of a broker-dealer if the broker-dealer fails to fulfill its legal obligations. The bond also ensures that any losses suffered by customers due to the broker-dealer’s bad faith or negligence are compensated. There are two types of Virginia Broker-Dealer's Surety Bonds: the Initial Bond and the Renewal Bond. The Initial Bond is required for new broker-dealers in order to obtain a license from the Virginia State Corporation Commission. The Renewal Bond is required for renewal of the broker-dealer’s license. Both bonds guarantee that the broker-dealer will comply with all applicable state and federal laws and regulations.

The Virginia Broker-Dealer's Surety Bond is a type of financial guarantee bond issued by a surety company to guarantee that a broker dealer will comply with the terms and conditions of the Virginia State Corporation Commission. It provides financial protection to customers of a broker-dealer if the broker-dealer fails to fulfill its legal obligations. The bond also ensures that any losses suffered by customers due to the broker-dealer’s bad faith or negligence are compensated. There are two types of Virginia Broker-Dealer's Surety Bonds: the Initial Bond and the Renewal Bond. The Initial Bond is required for new broker-dealers in order to obtain a license from the Virginia State Corporation Commission. The Renewal Bond is required for renewal of the broker-dealer’s license. Both bonds guarantee that the broker-dealer will comply with all applicable state and federal laws and regulations.

View Temporary Pastor Agreement

View this form

View Church Member Satisfaction Survey

View this form

View Employment of Church Secretary/Office Manager

View this form

View Sample of a Collection Letter to Small Business in Advance

View this form

View Sample Letter for Incorporation of Company

View this form

How to fill out Virginia Broker-Dealer's Surety Bond?

How much time and resources do you often spend on drafting official paperwork? There’s a better way to get such forms than hiring legal experts or wasting hours searching the web for a suitable blank. US Legal Forms is the top online library that offers professionally designed and verified state-specific legal documents for any purpose, like the Virginia Broker-Dealer's Surety Bond.

To acquire and complete an appropriate Virginia Broker-Dealer's Surety Bond blank, adhere to these easy steps:

Examine the form content to make sure it complies with your state requirements. To do so, read the form description or utilize the Preview option.
In case your legal template doesn’t meet your needs, locate another one using the search tab at the top of the page.
If you already have an account with us, log in and download the Virginia Broker-Dealer's Surety Bond. If not, proceed to the next steps.
Click Buy now once you find the right document. Choose the subscription plan that suits you best to access our library’s full opportunities.
Sign up for an account and pay for your subscription. You can make a transaction with your credit card or through PayPal - our service is totally safe for that.
Download your Virginia Broker-Dealer's Surety Bond on your device and complete it on a printed-out hard copy or electronically.

Another advantage of our service is that you can access previously downloaded documents that you safely keep in your profile in the My Forms tab. Obtain them at any moment and re-complete your paperwork as often as you need.

Save time and effort completing formal paperwork with US Legal Forms, one of the most reliable web services. Sign up for us today!

Form Rating

4.86

Satisfied(360)

Form popularity

FAQ

A broker dealer "blanket" fidelity bond is an industry specific commercial crime policy which protects the clients of a broker/dealer from the dishonest acts of its employees and registered financial advisory representatives.

Virginia surety bond costs primarily depend on your personal credit score and the type of bond for which you've applied. Those individuals with excellent credit should expect an annual premium of 1-3% of the bond amount. Those individuals with bad credit can expect an annual premium of 4-15% of the bond amount.

If you operate as a money transmitter in Virginia, you must post a surety bond. If you are under contract to complete a construction project, you may need to be bonded. If you engage in the business of selling, purchasing or trading precious metals or gems in Virginia, you must be bonded.

In Virginia, independent and franchise motor vehicle dealers must file a $50,000 surety bond with the Motor Vehicle Board.

The main difference between a cash bond and a surety bond is the number of parties involved. Cash bonds only involve two parties, you and the owner. In a surety bond, there is a third party, the surety company. The term surety refers to any party that guarantees the payment of a debt or performance of a contract.

The Virginia Contractor License surety bond can cost anywhere between $350 to $2,500 per year or $35 to $250 per month. Insurance companies determine the rate based on a number of factors including your customer's credit score and experience.

Virginia surety bonds typically guarantee the performance of a contract or that an individual and/or their company complies with the rules and regulations that govern their particular industry.

To sell motor vehicles in the commonwealth of Virginia, you must provide a $50,000 surety bond. Whether you're a new or used car dealer, this bond is required when you apply for your license to the Virginia Motor Vehicle Dealer Board.

More info

The surety bond amount is the maximum sum that claimants can demand on proven claims against you. Your actual surety bond cost is much lower.The Financial Industry Regulatory Authority (FINRA) regulates broker dealers. Unlike most insurance products, surety bonds protect a third party (customers of the dealer) for acts that are violations of the law. Getting a Dealer Bond with Bad Credit. Dealer Protection Group (DPG) provides a complete and comprehensive array of Surety Bond services for dealers. The surety bond cost is between 0. Do you have questions about your surety bond? Call us at 866.450.3412! Dealer Protection Group (DPG) provides a complete and comprehensive array of Surety Bond services for dealers.

Virginia Broker-Dealer's Surety Bond

Description

Related forms

How to fill out Virginia Broker-Dealer's Surety Bond?

Show more info

Form Rating

Form popularity

FAQ

What is a broker dealer bond?

How much is a surety bond in Virginia?

Do you need a surety bond in Virginia?

How much is a bond for an auto dealer in Virginia?

What is the difference between a bond and a surety?

How much does a surety bond cost in Virginia?

What is a surety bond in Virginia?

Is a surety bond required for Virginia?

More info

Trusted and secure by over 3 million people of the world’s leading companies