Beginning in 2019, all dentists who provide durable medical equipment are required by the Center for Medicare and Medicaid Services (CMS) to obtain DMEPOS surety bonds. If this applies to you, learn everything you need to know about this important requirement with our easy overview.
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Freight brokers are an important force in the American economy, helping connect shippers of products with carriers to make sure that deliveries are made, keeping the world going round and round. After all, more than 11 billion tons of goods traveled by truck in 2018 according to the American Trucking Association. Without the work of dedicated freight brokers, the complex logistics that get these goods across the country would break down, leaving us without the products we all rely on. In order to become a freight broker and join this group of crucial service businesses, you need to obtain a freight broker bond.
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When you buy a car, you need to make sure it’s the right make and model at a fair price. Just as importantly, you need to make sure a valid title is included in the sale. You can still complete the purchase without a title, but the process is much easier with all the necessary paperwork. However, if you don’t have that paperwork, don’t worry. Dealing with a lost or invalid title is certainly annoying, but it doesn’t have to put your vehicle purchase in jeopardy. Use this resource to learn everything you need to know about buying a car without a title.
A title establishes legal ownership of a vehicle. In the eyes of the law, whoever is listed on the title owns the vehicle. Being identified as the owner is important because if you’re not, you lose a number of legal rights:
For all intents and purposes, if you purchase a vehicle without a title it needs to stay parked in your driveway. Driving without registration or insurance puts you at risk of tickets, fines, and even jail time, depending on where you’re located.
Since vehicle titles are so important, most people preserve and maintain them carefully. But they are also just a piece of paper filled in by hand, meaning that they can easily get lost or even contain invalid information. When you’re buying a vehicle, watch out for these common title issues:
If the title is already in your name and gets lost for some reason, you can typically apply for a duplicate from the DMV.
This type of surety bond (also known as a lost car title bond or missing car title bond) helps you replace a missing or invalid title. Before the DMV will issue you what is known as a “bonded title,” they need to be sure that your vehicle does not have any other legal owners. You will be required to get a missing car title bond, which holds you accountable if anyone else is able to produce a valid title for your vehicle. There are three parties involved in the bond agreement:
It’s also possible for the vehicle’s previous owner to be the principal. If you bought a vehicle that already had a bonded title attached, the lost title bond does not transfer to you as part of the vehicle sale. The previous owner is still responsible for paying claims, giving you some peace of mind that your vehicle sale is legitimate.
Contact your local DMV. They can tell you whether you actually need one of these bonds and how to go about getting a bonded title. The requirements are different in every state, but they typically involve these steps:
Are you trying to register or sell a vehicle you don’t have a title for? You probably need a lost car title bond before you can proceed forward. Fortunately, Viking Bond Service makes it quick, easy, and affordable to obtain the bond your DMV requires. Rely on us for information, assistance, and, most importantly, bonds. If you would like more information before you apply, explore this free resource all about surety bonds.
Some documents have incredible value – cashier’s checks, stock certificates, car titles, etc. When these documents get lost, the institutions that issue replacements are at risk of being scammed, which is why lost instrument bonds (also called lost note bonds) exist. This post tells you everything you need to know about this important type of surety bond.
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When prohibition was repealed in 1933, governments permitted alcohol sales again, but only within a strict regulatory structure. As a legacy of the era, anyone who produces, distributes, or sells alcohol must have a liquor license issued by the state they operate in. Penalties for operating without a license range from hefty fines to lengthy jail sentences, so it’s essential to have an active liquor license in good standing at all times. To do that, you must understand the role of alcohol surety bonds – also known as a liquor bond or alcohol tax bond. If you’re involved with the alcohol industry in any way, learn about three ways your bond affects your license:
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With almost 15 million registered vehicles, California has by far the most vehicles of any state in America. The state with the second most amount of vehicles, Texas, has just over 8 million after all. Given how many cars are being purchased and replaced all the time, The Golden State is an ideal place to set up a car dealership. However, before you do that you must meet some specific obligations, like finding a business location and obtaining a California auto dealer bond. Follow these steps to become a car dealer as soon as possible:
Homeowners face an uphill battle keeping pests off their property. According to the National Pest Management Association, bugs, rodents, and unwanted creatures of all kinds can wreak havoc in the home. Just consider these statistics:
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Some surety bonds expire, whereas others continue on indefinitely until the principal (you) becomes “released.” If you’re required to have a bond, use this quick guide to help understand your obligations:
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As of 2018, more than 14 million American workers belonged to unions, representing 10.5% of the total workforce. If your company employs workers who belong to a union, it’s important for you to have an active union wage and welfare bond. To help you understand why this bond exists and what it means for your company, read the complete rundown below:
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Used car dealerships are everywhere for a good reason – they’re a smart business venture. Compared to a new car dealership, it takes a lot less time, money, and resources to set up an enterprise selling used cars. Better yet, the used car market is more robust. Consider that over 39 million used cars were sold in 2017, up 1.8% from the year before, compared to new-car sales which declined 2% that same year to peak at 17.1 million. Savvy sales professionals have a hot commodity in used cars, but that doesn’t mean opening up a dealership is ever easy.
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