(Generic)US Dept of the Interior BIA Navajo Region

US Dept of the Interior BIA Navajo Region

National Rev Ctr Alc & Tobacco Tax & Trade Bur. Brewery Unit A brewer’s bond is a formal guarantee (which may be issued by a surety company) to pay tax obligations. It guarantees payment of taxes in the event the brewer does not pay those taxes. Some brewers are exempt from bond requirements under 27 CFR 25.91(e).

New York Department of Motor Vehicles Certificate of Title Bond, Defective Title Bond, Lost Vehicle Title Bond or DMV Bond) allows a vehicle owner to claim ownership and register the vehicle with the state when a title has been lost, stolen, or is missing. New York Title Bonds are issued for 3-year terms and the amount of the bond to request needs to equate to 1.5 times the value of the vehicle.

New York Department of Buildings Boiler Division

City of Yonkers Dept. of Public Works

• 56-53. Bond.

[Amended 7-18-1996 by L.L. No. 5-1996; 5-10-2005 by L.L. No. 3-2005]

Before the issuance of a permit for excavation, soil removal or filling, the applicant and the owner of record of the premises shall execute and file with the Department a bond, approved as to form and validity by the Corporation Counsel, with a surety company as surety, in an amount to be fixed by the Mayor, Commissioner of Housing and Buildings and Commissioner of Public Works, and in no event less than $25,000, conditioned upon the faithful performance of the conditions contained in this article or the New York Uniform Code and the observance of all municipal ordinances and laws and for indemnification of the City for any damages to City property. In the event of a default, the City Council may declare such bond to be in default and collect the sum remaining payable thereunder, and upon receipt of the proceeds thereof, the City may complete the work required to be performed by the applicant or owner and may apply such proceeds to the cost thereof and to the cost, if any, of repairing or remedying any damage to City property. Such bond shall remain in full force and effect until a certificate of completion has been issued by the Commissioner certifying that all of the applicable provisions of this article and the conditions of the permit have been fully complied with. The application for such certificate shall be accompanied by a map prepared after the completion of operations by a duly licensed engineer, architect or land surveyor of the State of New York. The map shall be drawn to scale; shall show a cross-section of the affected property; shall give elevations thereof at intervals of fifty-foot squares and also at each break in the grades; shall show the elevation of the premises as compared to the elevation of any abutting highways; and shall certify that there are not less than six inches of topsoil remaining upon the ground from which topsoil has been removed and that such area has been limed, fertilized and seeded.

New York Department of Insurance Licensing

Type of Adjuster: Public Adjusters, Independent Adjuster

Amount: $1,000

Bond Expiration information: December 31 every even years

Supplier-owned or supplier-leased sites that want to work with the U.S. Postal Service (USPS) and provide postal products and services are known as Contract Postal Units (CPU). The appointment process with USPS includes submitting a surety bond.

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After the filing of a mechanic’s lien, it may be discharged by depositing money ith the county clerk in the county where the lien is filed (Lien Law § 20) or by filing a nd or undertaking with the clerk of the county in which the notice of lien is filed.

There are three main ways to remove a lien from your property’s records:

1. Negotiate with the contractor who placed the lien (the “lienor” to remove
2. Obtain a lien bond to discharge the lien, or.
3. File a lawsuit to vacate the
   

An Employee Dishonesty Bond is a type of Fidelity Bond that protects your business from dishonest acts by your employees. This includes protection against fraud, embezzlement, forging checks, stealing money or merchandise, and so forth.

Dishonesty for Condo/Homeowner Assoc and Not For Profits w/Coverage for Board Members Only Bond (NY)

Fidelity insurance protects the condo association from employee theft. The policy is normally equal to the number of funds accessible or controlled by the board.

.  The ERISA Fidelity bond is required by the U.S. Department of Labor to protect an employee benefit plan against losses caused by acts of fraud or dishonesty.

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. The New York Farm Products Dealer Bond is required by the New York Commissioner of Agriculture and Markets. The bond ensures that the bondholder will comply with the provisions of Article 20 of the Agriculture and Markets Law. It requires the bondholder to honestly account for all farm products received for handling or sale. In addition, it ensures producers are paid fully and promptly.

If your annual purchases/dealings of farm animals from New York producers exceed $20,000 you will need to apply for a Farm Products Dealer License. Licensed dealers are required to file security in the form of the Farm Products Dealer bond.

. Multiple Obligees  

. (Continuous – Renews with Premium Summary) (NY)

(Excluding Bonds for Putnam County)

License bonds are required by federal, state, and local government agencies as prerequisites for many licensed businesses to legally operate. Permit bonds are required before a government agency will issue a permit to a business.

. Many surety bonds remain in effect until canceled and therefore do not require a Continuation Certificate. However, some surety bonds have a set time designated for the coverage term.

When a surety bond’s term is up, the person who got the bond (called the Principal) has two options:

• Allow the bond to be canceled
• Renew the bond term with a bond continuation certificate
  

. Multiple Obligees When someone is appointed as the protector, custodian, or guardian of the interests of someone who does not have the legal capacity to look after themselves, they may be required by the courts to file guardian bonds if that person has assets or property that needs attention. Normally, this procedure is put in place to look after the interests of a child who is not yet an adult and who has no parents living or able to provide this type of care for them and any property they may posses.

. This type of business service bond intended for a residential or commercial cleaning company. With this bond in place, you protect customers from losses incurred as a result of employee theft committed by employees while engaged in cleaning services.

. NY State Liquor Authority, Div of Alcoholic Beverage Control

This is a specialized surety bond that’s specifically designed for retailers who sell alcoholic beverages. In most cases, bonds are used to pay a state if a retailer fails to submit all their required sales tax payments.

. NY State Liquor Authority, Div of Alcoholic Beverage Control

Liquor Bond (Seasonal) (NY)

. NY State Liquor Authority, Div of Alcoholic Beverage Control

If you sell at retail any alcoholic beverage, you are required to post a liquor license surety bond in the amount of $1,000. The cost of these bonds depends on the length of the bond term, which must be the same as the license. Although the premiums are prorated due to fixed expiration dates, the minimum premiums are as follows:

• 1-year term = $50 minimum premium
• 2-year term = $75 minimum premium
• 3-year term = $100 minimum premium

Wholesaler: If you sell any alcoholic beverage for the purpose of resale, the New York Liquor Authority requires you to be bonded in an amount determined by the Authority.

• Because the bond amount can vary greatly between licensees, surety bonds for wholesale liquor licenses are subject to underwriting, meaning the cost is based on the applicant’s credit. However, highly qualified applicants are typically approved to pay just $12 per $1,000 of coverage with a minimum cost of $100.

• Bond amounts are given my the New York Liquor Authority. Contact the Liquor Authority at (518) 474-3114.
  

. Multiple Obligees

Dealers of livestock that need to post a bond usually include auction markets, stockyards, buying stations, and concentration points. In practical terms, this means anyone who is in the business of selling, buying, and negotiating deals for livestock. (e.g., livestock includes cattle, sheep, swine, horses, mules, llamas, bison, and goats)

Dealers need to file the bond with the U.S. Department of Agriculture’s Grain Inspection, Packers & Stockyards Administration (USDA’s GIPSA). That is why the bond is sometimes referred to as USDA livestock dealer bond. If the bond amount and conditions match state requirements, dealers don’t need to obtain an additional bond to present to state authorities.

. A Lost Instrument Bond (also known as a Lost Note or Lost Deed Bond) is used when a financial certificate is lost or stolen.  A Lost Note Bond is a type of surety bond which guarantees that if the original document is found, the financial institution will not be liable for honoring it.

You might be required to get a Lost Instrument Bond if you lose any of the following:

• Stock certificates
• Property deeds
• Cashier’s checks
• Car titles
• Savings bank books
• Loan shares
• Real estate certificates
• Municipal or corporate bonds
• Life insurance policies

This is a limited list and does not include all situations where a Lost Note Bond might be required.

. NY DOS, Div. of Code Enforc., Manuf. Housing Unit

New York State adheres to the Federal Manufactured Housing Act of 2000.  Under this Act, those are contracted to install a manufactured home, you are required to be licensed by the New York Department of State, Division of Code Enforcement and Administration.  One condition of licensure is possessing a New York Manufactured Home Installers Bond in the amount of $10,000.

. (25 or more locations ONLY) (Generic) National Supplier Clearinghouse

Medical practitioners and medical service providing organizations that want to be able to bill the Medicare system for supplying Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) need to undergo a rigorous process.

The most important step to becoming a supplier is to obtain DME accreditation. To do that, you must comply with the supplier standards set for the Medicare program, as well as with the defined quality standards. You also need to provide a $50,000 DMEPOS surety bond as a part of the enrollment after receiving your accreditation.

. National Supplier Clearinghouse

. New York Department of Motor Vehicles

Auto Dealer Bonds (Motor Vehicle Dealer Bonds, Car Dealer Bonds) are a type of surety bond required for car

dealers before they can get their car dealer license.

An auto dealer bond protects customers from fraud or misrepresentation during a business transaction.

. Department of Consumer Affairs of the City of New York

The Auctioneer Bond also known as an Auction Bond or Auction Company Bond is a license and permit surety bond. To secure an Auctioneers’ License, the bond must be filed with the state before an individual can begin the process of becoming an Auctioneer.

. Commissioner of Transportation of the City of New York

. Department of Consumer Affairs of the City of New York

NYC require that an Employment Agency Bond be in place before an Employment Agency license can be issued.  Depending upon your state, an Employment Agency Bond may be referred to as an Employer Service Bond, Employee Leasing Bond, a Professional Employer Services Bond or an Employee Counseling Service Bond.

A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New York Employment Agency Surety Bond holds you accountable for your business decisions.

. City of New York Taxi & Limousine Commission

If your business dispatches for-hire vehicles and the location of these vehicles, the New York City Taxi and Limousine Commission requires that you post a bond in the amount of $5,000.

By posting a bond, the principal obliges to truly comply with the provisions of Title 19, Chapter 5 of the Administrative Code of New York City, in addition to all rules and regulations given by the Taxi & Limousine Commission.

For-hire vehicle base station bonds  are continuous during the term unless canceled by the surety. If the surety chooses to cancel a bond, a written cancellation notice must be sent to the Taxi & Limousine Commission 30 days prior to the given cancellation date.

. Department of Consumer Affairs of the City of New York

The bond must:

Name the City of New York as the Obligee. AND

Include the same corporate name, Doing-Business-As (DBA) name (if any), and premises address as your license application. AND

Cover the licensing period.

Be in the below amount, which depends on the number of employees your business has.

for 0 to 25 employees: $500

for 26 to 50 employees: $1,500

for 51 to 75 employees: $2,500

for 76 to 125 employees: $3,000

for 126 or more employees: $5,000

. Commissioner of Transportation of the City of New York

Bond requirements vary, depending upon the number of locations and nature of the work. Since projects that involve street openings and excavations have the potential to cause greater damage, they have higher bond requirements.

One location. $10,000 (with openings/excavations), $5,000 (without openings/excavations)

. Department of Consumer Affairs of the City of New York

The NYC Dept. of Consumers Affairs requires Pawnbrokers to have a bond for licensing. (Bond Limit: $10,000) There is No Credit Check for bond issuance.

. Department of Consumer Affairs of the City of New York

The individual New York City process server license requires $10,000 of surety bond coverage. Principals pay a percentage of the coverage amount, with the bond premium depending on the applicant’s personal credit history.

. Department of Consumer Affairs of the City of New York

The bond protects the Obligee requesting the bond, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  These bonds hold you accountable for your business decisions.

As the Principal of the New York City Second Hand Dealer Surety Bond, you are telling your Obligee that you can be trusted and that you stand behind your business decisions.

. New York City Environmental Protection

If you intend to tap a sewer in the City of New York, you are required to obtain a surety bond. New York City Sewer Tap Bond protects the public from damages resulting from any ordinance, rules and regulations violations and any resulting injuries.

. Department of Consumer Affairs of the City of New York

If your employment agency is one that finds employment for models, actors, or other entertainment professionals, it’s NYC required. Agencies need a $10,000 surety bond.

. Department of Consumer Affairs of the City of New York

As a condition of the issuance of a license to engage in towing, each applicant shall furnish to the commissioner a surety bond in the sum of five thousand dollars, payable to the city of New York, executed by the applicant and a surety approved by the commissioner.

Such bond shall be conditioned upon the applicant’s compliance with the provisions of this subchapter and any rules or regulations promulgated hereunder, and upon the further condition that the applicant will pay to the city any fine, penalty or other obligation within thirty days of its imposition, or any final judgment recovered by any person who received towing services from a licensee thereunder and was damaged thereby.

. Department of Consumer Affairs of the City of New York

. Commissioner of Transportation of the City of New York

. New York Dept. of Labor

The Division of Labor Standards requires New York Employment Agencies to execute a New York Employment Agency Surety Bond in the amount of $5,000 to ensure compliance with Section 177 of the Employment Agency Law.

. Litigation claims against notaries are becoming more common each and every day.

E&O employer’s blanket insurance, you are able to protect all of the notaries at your business from any claims if your client holds them responsible for errors.

Due to the exclusive acts of the notary, most company’s commercial general liability policies do not cover these types of lawsuits. That is why you must have E&O and surety bond insurance to make sure no potential errors or simple mistakes destroy everything you’ve built for your business throughout the years.

. A Notary Errors and Omissions (E&O) policy protects you, as a Notary, should you make an unintentional mistake or omission while notarizing, or if someone files a false claim against you.

. NYS Dept of Transportation Traffic & Surety Division

The surety bond helps protect the State of New York from potential damages caused by oversize and overweight loads.

Permit applicants whose hauled loads are exceed specified length, width, height and weight criteria are required to obtain a surety bond. The bond amount will vary depending on these factors and should be confirmed with the New York State Department of Transportation.

. NYS Department of Health

Eldercare facilities have a fiduciary duty to take care of patients in all aspects of the lives. To guarantee patient trust funds are protected and managed appropriately, state agencies require that these facilities file a surety bond.

A patient trust bond (also called a Medicaid or Medicare Bond) is a fiduciary type coverage that ensures a patient’s funds will be disbursed appropriately and ethically.

. New York Department of State Licensing Services

. Multiple Obligees

A probate bond is a type of fiduciary bond (also known as an executor’s bond) in a probate court estate. It is a New York state court bond that is issued on the performance of an executor or administrator of an estate. The purpose of the bond is to protect the beneficiaries or creditors of the estate from harm caused by the malfeasance or negligence of the executor or administrator.

. Multiple Obligees  

. Multiple Obligees

Conservator bonds are sometimes required before an individual can be appointed as affairs of their charge. The legal guardian of someone who isn’t mentally or physically capable of caring for their affairs. The bond helps ensure that guardians judiciously and accurately manage the finances and daily expenses.

. New York Office of the Attorney General Charities Bureau

. Continuous Until Cancelled

The bond requires the individual to reimburse the governmental entity that obliged them to be bonded and to pay a fixed amount if they do not faithfully or honestly perform their duties in the office. A variety of public entities require public official bonds.

Public Official Bond – for an Individual – Fixed Expiration (Renews with Document)

A Surety Bond Renewal is an extension of the surety bond term by the surety company. All surety bonds have a term for which they are valid and enforceable. This means that in exchange for the premium paid, the surety company is willing to take on the risk of the bond for a specified period.

. Name schedule bonds are a type of public official or fidelity bond that lists the specific names and amounts of each named individual bonded. Name schedule bonds use one bond, but attach a schedule of individual names of the bonded public officials.

Favorite

Public Official Bond – Position Schedule (Use only when maximum amount per position is $50,000)  

. Putnam County Dept of Consumer Affairs Weights & Measures

Licensing Requirement

License and Permit Bond in the amount of $25,000.00 naming the County of Putnam as Obligee; one-year term (original only-copy will not be accepted).

. Receiver bonds are a type of court bonds. They are required by a court from a receiver who is in charge of securing property and assets related to a current case.

The receiver bond is a security mechanism in cases when the receiver has not followed their obligations and the plaintiff receives a judgment against them. By bringing a claim against the bond, the plaintiff can obtain compensation for suffered damages due to the receiver’s negligence or other harmful actions.

The receiver bond functions as a contract between three entities. The principal is the receiver who needs to get bonded. The obligee is the court or other authority appointing the receiver, as well as ensuring that the bond will protect the plaintiff. The surety is the third party, which is the bond provider.

. Replevin bonds are a type of court bond. They are needed in cases when a plaintiff wants to recover a property from a defendant.

In order to return the property before the final ruling, the court may require the plaintiff to post a replevin bond. It functions as a guarantee that if the final decision is in favor of the defendant, the plaintiff will give back the property back to them.

The replevin bond works as a contract between three entities. The principal is the plaintiff who has to obtain the bond. The obligee is the court that requires the bond to benefit the defendant. The surety is the bond provider.

. American Federation of Television and Radio Artist

A SAG-AFTRA Surety Bond must be furnished by those issued a franchise to conduct business as a Screen Actors Guild-American Federation of Television and Radio Artists (“SAG-AFTRA”) franchised talent agency.

The surety bond is conditioned upon the bonded principal’s compliance with SAG-AFTRA’s Regulations Governing Agents under Rule 16(g) and/or Rule 12C, respectively (“Agency Regulations”) and all of the laws and regulations governing the acts of talent agencies in the state of New York.

The surety bond also serves to protect any person anyone who sustains actionable inquires or suffers financial losses or damage resulting from the actions or wrongful acts of the bonded principal, its agents, or employees.

The aggregate liability of the surety bond is limited to the penal sum of the bond. The bond is continuous and remains in full force and effect throughout the term that the talent agent maintains a SAG-AFTRA franchise unless terminated or canceled by the surety company.

. Kemark Financial Services, Inc.

The Uniform Commercial Code (UCC) makes the Transfer Agent liable for improper securities registration. When securities are sold or transferred, the Transfer Agent or issuer relies upon the warranties made by a Medallion Guarantor. A Medallion Guarantee Stamp on a security is a warranty that the signature is genuine, the signer is an appropriate person to endorse, and the signer had the legal capacity to sign. Signature guarantee bonds limit the liability of Transfer Agents if a signature turns out to be forged.

SEC Rule 17ad-15 requires that Transfer Agents adopt an equitable methodology for acceptance of signature guarantees. To comply with the SEC Rule, Transfer Agents approved three Medallion Signature Guarantee Programs, STAMP, SEMP and MSP.

. NY Dept of Trans. Traffic Engineering & Safety Div

To enroll in Signature Guarantee Program, the financial institution must provide the appropriate surety bond and the corresponding indemnity agreement.

STAMP — Securities Transfer Agents Medallion Program and Indemnity Agreement For Financial Institution Enrollees

SEMP — Stock Exchanges Medallion Program and Indemnity Agreement For Financial Institution Enrollees

MSP — Medallion Signature Program (NYSE) and Indemnity Agreement NYSE MSP — lowest limit is $1,000,000

. New York Thruway Authority

Posting a State Thruway Authority surety bond in New York is an important step in the process of pursuing a Credit Agreement with the state of New York. The State Thruway Authority requires this bond to ensure that all toll trips, monthly E-ZPass Tag fees, special hauling permit fees, and any other fees affiliated with traveling on the Thruway are paid in a professional and timely manner.

Principals are responsible for paying all required fees no later than 30 days after the date of an invoice. If the principal fails to submit all payments in the allotted time, the State Thruway Authority will not face any financial losses due to the posting of a surety bond. The Authority has the power to increase the required bond amount at any time if they feel it is necessary for the principal. The principal is then responsible for reimbursing the surety in a timely manner.

. New York Department of State Licensing Services

A Ticket Reseller is any person, firm or corporation who resells or engages in the business of reselling any tickets to a place of entertainment or who operates an internet website or any other electronic service that provides a mechanism for two or more parties to participate in a resale transaction or that facilitates resale transactions by the means of an auction, or who owns, conducts or maintains any office, branch office, bureau, agency or sub-agency for such business.  

. Town of North Hempstead Office of the Supervisor

Waste management companies in North Hempstead, New York, are required to obtain a surety bond commiserate with their classification by the city.

The breakdown of classification and amounts is as follows:

Type I – collection/disposal companies require a $20,000 surety bond;

Types II and III – require a $3,000 surety bond;

Type IR – requires a $5,000 surety bond.

These are the minimum amounts.

The amount of surety bond is to be 250% of the average monthly charges by your waste management facility for the prior calendar year.

If you have no prior history of waste management in North Hempstead, the surety bond amount is equal to 250% of the amount that you estimate will be earned in the current calendar year.

This is as per the Town of North Hempstead Sanitation Code, §46-4 (2) (b).

Town of North Hempstead Fence Contractor (NY)

Town of North Hempstead Bldg. Dept. Fence Erectors Lic. Div.

Town of North Hempstead Second Hand Dealer (NY)

Town of North Hempstead Office of Town Clerk

The fee is $110, plus a $2,000 surety bond payable to the Town of Hempstead. The issuance of a second-hand dealer license was created at the request of the Nassau County Police Department to aid in the investigation and recovery of stolen property.

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. Multiple Obligees

This bond serves to protect VA beneficiaries if a fiduciary commits fraud or misuses their funds.  

. Village of Hempstead Public Works Dept

This bond is a Preventative and corrective maintenance and repair of water distribution mains, sewer collection mains, curb and gutter drainage, stormwater collection and catch basins.

. Is required by unions when negotiating collective agreements with other companies. The bond guarantees an employer will honor the payments of union dues, contributions to funds, and promised benefit packages to employees of the union.

. New York Department of State Licensing Services

. National Rev Ctr Alc & Tobacco Tax & Trade Bureau Wine Unit