1 (844) 589-9732

Montana Commodity Dealer Bond

AmeriPro Surety Bonds offers you the Montana commodity dealer bond, on approval of your credit, for 1% of the amount required. Please call us today at 844-589-9732.

Montana Commodity Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond; Purpose and Amount

 

 

 

The Montana commodity dealer bond is required as a financial guarantee of your compliance with Title 80, Chapter 4, of the Montana Code Annotated as amended.

The surety bond amount required is not to be greater than 2% of the value of commodities purchased by you from a producer within the prior 12 months. For first time applicants the amount of surety is 2% of the estimated amount to be purchased within the next 12 months.

However, the minimum surety bond amount is $20,000; and the maximum amount, according to MCA 80-4-405 is $1,000,000, subject to the exceptions listed therein.

Unless this has changed, your surety bond will have a renewal date of June 30th of each year.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the Montana commodity dealer bond includes completing a short surety bond application — which we’ll begin with you over the phone – and then send to you via DocuSign for completion.

You’ll need to provide us with the amount of surety required.

Upon receipt of your completed and signed application, our agency has the application reviewed by an underwriter. This review includes a credit check inquiry. Good credit is required for approval.

For especially large amounts, you may also be asked to provide additional information. This request will typically mean information regarding your business and/or personal finances.

Approval for this bond is offered at 1% annually of the amount required.

Upon approval of your surety bond application and payment of the premium, our agency issues your bond to you immediately for filing along with a Power of Attorney form.

We will sign your surety bond as Surety; you will sign and have it notarized as Principal. All completed surety bond documents received by you via mail will be filed to:

Montana Department of Agriculture

P.O. Box 200201

Helena, MT 59620

406-444-3730

 

 

 

Prorating of the Premium

 

 

 

With an expiration date of June 30th, depending on the date of your surety bond’s purchase, the premium may be prorated to account for the required surety bond term.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in Montana and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you….

 

Request a Callback

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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Office: 1 (844) 589-9732

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Monday – Friday 6 am to 5 pm (PST)