$75,000 FOR A SURETY BOND?? #freightbroker The Federal Motor Carrier Safety Administration (FMCSA) requires that all license applicants post a $75,000 Surety Bond on Form BMC-84. Illinois Freight Broker BMC 84 Bond
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FAR). Choosing an item from citations and headings will bring you A broker must have a surety bond or trust fund of $75,000 in effect. FMCSA The Federal Motor Carrier Safety Administration (FMCSA) requires a freight broker surety bond as a part of the licensing process.
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FREIGHT BROKER $75k SURETY BOND CAN BE EXPENSIVE! TIPS FROM AN EXPERT!!! A: A trust fund (BMC-85) requires that the broker put up the full $75,000 up front. That money goes into a central fund to pay any claims. With a surety bond ( In this video, we explain the Maryland Freight Broker BMC-84 Bond—what it is, why it's required, and how to get bonded quickly
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