WebAug 15, 2013 · As most of you are aware, the Moving Ahead for Progress in the 21st Century (MAP-21) Act takes effect in less than two months, on October 1. One of the provisions of the act requires that freight brokers secure a $75,000 bond or trust fund—a significant change from the $10,000 that is currently required. From the comments on our … WebMay 24, 2024 · This bond gets its name from Form BMC-84, which is the bond form used for this type of surety bond. The bonding requirement for freight brokers and forwarders is found in 49 U.S.C. § 13906. Under this law, freight brokers must secure freight broker bonds in the amount of $75,000 before they will be approved for a license to legally …
TIA Bond Program - Transportation Intermediaries Association
WebSep 4, 2024 · 3) Get a BMC-84 surety bond. Of all the steps involved for getting licensed, the surety bond requirement is oftentimes the most difficult. Many applicants are unfamiliar with surety bonds before learning they need one in order to become licensed. Additionally, the federal freight broker bond is also harder to obtain than other bond types. WebMar 8, 2013 · Federal rules pertaining to broker surety filings are in flux following … fitzpatrick pigments
The Best Surety Bond Companies of 2024 - Investopedia
WebApr 15, 2024 · The link above offers a detailed break-down of these costs. However, in … WebApr 6, 2024 · A.N. Deringer, Inc. - A customs broker focused on trade compliance services, logistics and freight solutions for all of your import - export needs. ... Canadian Customs Brokerage; Surety Bonds; Customs Consulting; Importer Security Filing; eManifest; Freight Forwarding. Request a Quote; Ocean Freight Imports; Air Freight Imports; WebThe cost of a freight broker bond ranges from $925 to $9,000. The pricing is calculated … fitzpatrick pharmacy ellisville