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jwsurety

08-27-2013 06:34 AM

FMCSA Confirms $75K Bond For Oct. 1st

The FMCSA recently confirmed the surety bond requirement for freight brokers will increase from $10K to $75K on October 1st, 2013. Smaller brokers are concerned with the increase in premium and full collateral many companies are requiring to get the $75K bond, as it will put many out of business.

Our agency has created a bond program specifically to help the small to midsize brokers remain in business. Brokers can get the $75K bond with:

Apply directly on our website to get an instant approval now.

GMAN	08-29-2013 01:00 PM

I understand that there are a couple of lawsuits to challenge the new requirement. Any word on the progress or if it will be delayed?

jwsurety

09-05-2013 06:37 AM

Quote:

Originally Posted by GMAN (Post 526846)

I understand that there are a couple of lawsuits to challenge the new requirement. Any word on the progress or if it will be delayed?

You're correct, the AIPBA has challenged the new requirement. However, the FMCSA confirmed the $75K requirement will still stand and be active on October 1st, 2013.

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