Michigan Information Purchaser Bond |
AmeriPro Surety Bonds | 844-589-9732
Information purchasers – Michigan
Being an information purchaser allows you to have access to names, driving records, addresses, and other information from Michigan residents. Records also include information on mobile homes and recreational vehicles.
As a condition for licensing with the Michigan Department of State, you are required to furnish evidence of a $25,000 surety bond.
Michigan Information Purchaser Bond: Its Premium and the Bond’s Duration
Applicants for the Michigan information purchaser bond will typically pay $250, annually for this bond surety bond. There is no credit check.
After completion of an application, and payment of the $250 premium, the bond is issued to you immediately. A copy of the bond can be sent to you by email, and the original will be mailed to you by the same or the following business day.
We also offer prepayment options for this bond. While entirely up to you, prepayment allows you to have a slight savings over year to year renewal of your bond premium.
The options for prepayment are as follows:
- 2 years, for $450;
- 3 years, for $650.
The Purpose of this Surety Bond
The purpose of the Michigan information purchaser bond is a financial guarantee for the people of the state of Michigan that information gathered from driving records, licenses and related entities will only be used in accordance with state and local laws.
The bond protects against the misuse and abuse of information obtained, as also acts of criminal malfeasance or misfeasance. Such protections extend to the wrongful use of information obtained by employees, managers, and agents of your information purchaser company.
As the principal of this surety bond, you are financially liable for any claims paid against your surety bond. In the present instance, this means that you would be responsible for reimbursing the surety for all costs and fees involved in the settlement of any claim.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court and fiduciary bonds throughout Michigan.
We also provide surety bonds nationwide. Please call our agency today at:
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