What is the Illinois Remittance Agents Bond?
The Illinois Remittance Agents Bond is required by the Illinois Secretary of State, Vehicle Service Department under Illinois Administrative Code Title 92, Chapter II, Section 1019.10 in the amount of $10,000. A remittance agent is any person who is engaged in or who engages in accepting money for remittance to the State of Illinois or any of its instrumentalities or political subdivisions, or to any of its officials. For the payment of vehicle taxes or vehicle license or registration fees regardless of when the money is accepted from the public or remitted to the State, whether or not the person renders any other service in connection with the making of any such remittance or is engaged in any other endeavor. The bond ensures that the bond holder will lawfully run their Remittance Agent business. To determine the cost of this bond, simply complete our easy online application. In addition to the bond, they must also submit the application form and pay the license fee.
What is the process for getting an Illinois Remittance Agents Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery. With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.