If you are interested in a career as a New York bounty hunter (alternatively known as bail enforcement agent) you must be licensed and registered with the state of New York.
Registration in New York state is a process. The state also requires that in order to become a bounty hunter you must also obtain a surety bond. The New York Department of State is the bond’s obligee.
The NY bounty hunter surety bond is a $500,000 surety bond which is required of bounty hunters who who wish to be licensed by the state.
Because of this bond’s very large amount, the process for obtaining your surety bond involves gathering considerably more information that might be required for most other surety bonds; however, AmeriPro Surety Bonds will work with you to make the process as easy as possible.
That having been stated, as an applicant for the bounty hunter surety bond, you may be asked to provide the following information:
Suggestion: For whatever it may be worth, ideally, if you as an applicant can provide an audited financial statement, the process and the timeline for obtaining this surety bond may become considerably easier. It is not strictly required, however.
The purpose of the bounty hunter surety bond is to protect the public from acts of criminal misconduct, fraud, theft, or malfeasance involved in the duties of being a license bounty hunter.
As such, this surety bond is not for the protection of the bounty hunter at all.
No; properly understood, this surety bond is protection for the public against any criminally liable misdeeds by a New York licensed bounty hunter.
The bond is purchased by the licensed bounty hunter who is known as the principal for this surety bond.
If there were ever a claim paid on the surety bond, it would be your legal responsibility, as principal, to reimburse the surety company for all costs involved paid by the surety on your bond.
The premium for this surety bond is the amount that you will be required to pay for its issuance.
Fortunately, the premium is a small percentage of the bond’s amount; however, that amount is on its own fairly substantial.
The premium you will pay will be determined by the information found provided on the application, as also your credit score.
Because of this bond’s amount, we may be able to offer premium financing.
Once purchased, this surety bond is good for one year from the date of issuance. This bond renews on annually and must be kept active as a condition for maintaining licensing with the state.
The following steps are required to be a licensed bounty hunter in New York state:
New York state takes the bounty hunter career very seriously and only wants truly qualified individuals as licensees.
The size of this surety bond alone is enough to weed a lot would-be bounty hunters away from the profession.
AmeriPro Surety Bonds will work with you every step of the way in obtaining the bounty hunter bond that you require. We are knowledgeable, thorough, and helpful; and our experience will be at your full use.
We are a surety bonds-only agency providing surety bonds throughout the US. Surety bonding is all that we do!