WebJan 11, 2024 · The New $75,000 Freight Broker Bond Requirement. Starting on October 1, 2013 and as part of the MAP-21 law, all freight brokers will be required to obtain a $75,000 surety bond. Surety bonds are a guaranty, back by the surety’s financial strength, that a particular broker will pay legitimate freight bills in the agreed-upon manner. WebHowever, you may have to fill out the Trust Fund Agreement form, also known as BMC-85. Brokers of the following will need to have a freight broker bond: The bond itself must have a value of $75,000. You will …

Freight Broker Bond - DAT

WebThe Freight Broker Bond or BMC-84 surety bond is a license surety bond required by the Federal Motor Carrier Safety Administration (FMCSA) in the amount of $75,000. The FMCSA Freight Broker surety bond requirement is continuous, meaning that as long as the operating authority is in place, the surety bond requirement remains as well. WebMay 24, 2024 · One of the requirements you must meet to obtain a freight broker license from the FMCSA is to secure a BMC-84 or freight broker bond. This bond gets its … lawn weed removal tool

Broker Registration FMCSA - Federal Motor Carrier …

WebSecure Logon. The confidentiality of your financial information is important to us, and we're committed to keeping it secure. We keep your information safe through … WebApr 19, 2016 · Type of Bond Needed as a Freight Broker. Not only is the bond or trust fund required for all freight brokers, but the FMCSA is also very specific on the exact type of bond or trust freight broker need to … WebOur incredible transaction rate is a byproduct of our national network, paired with the expertise of our Land Specialists. 1.6M ACRES SOLD (In the last 5 yrs) Landowners … lawn weed service prices