Telemarketing / Solicitation / Fundraiser
Telemarketing / Solicitation / Fundraiser InformationA telemarketing bond is a type of license and permit bond which is required in most states for telemarketing companies that operate there. Its purpose is to protect the public from telemarketing fraud, abuse, and other violations of state regulations. The telemarketing bond guarantees that bonded telemarketers and companies will comply with state regulations and only engage in honest and legitimate telemarketing practices. If a telemarketer or company are found to have violated regulations by, for example, calling people who are on the National “Do Not Call Registry,” then a claim can be made against their bond and claimants are compensated. Since telemarketing regulations are usually quite lengthy and complicated, these bonds can also offer protection in cases when telemarketers break regulations due to oversight rather than ill will. Telemarketing bonds are necessary for every state in which a telemarketer is calling, if such regulations are in place in those particular states. In other words, you will need 5 telemarketing bonds if you intend to solicit in, say, Texas, Utah, New York, California, and Arizona. They are required upon getting licensed as a telemarketer in that state.
Three party agreement
Surety Bond Definition: The definition of a surety bond is as follows: A surety bond is a binding agreement between three parties. This agreement sets forth a financial guarantee by one party ( “surety” ) to another party ( “obligee” ) that a third party ( “principal” ) will fulfill required obligations to the obligee, and that state, federal, and local laws and applicable regulations will be adhered to. Let’s examine each of the three parties.Learn more about surety bonds
Bad Credit – Fast Approvals – Lowest Rates Available.
- Credit below 650 and/or have blemishes on credit report.
- Average cost is 5-15% of the bond amount.
- Available for all commercial bonds.
Why does credit matter? Applying for a surety bond is similar to applying for a loan. You are asking a surety company to back you financially. Reviewing credit is the best method for the surety to understand their risk. All sureties review credit as a view only and should have no effect on your credit score. While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written. Contact us today and let us put together an online quote for you that will exceed your expectations.