New York Immigration Assistance Services Bond
AmeriPro Surety Bonds| 844-589-9732
Immigration Assistance Services – New York City
As per §20-776 of the New York Code, persons engaged in the profession of providing immigration assistance must first post a $50,000 surety bond as a prerequisite for licensing.
Purpose of the New York Immigration Assistance Services Bond
The purpose of the New York immigration Assistance services bond is for the following reasons:
- To serve as a financial guarantee that customers of immigration assistance services will receive a refund of fees when circumstances dictate that this is applicable;
- The bond serves as a financial guarantee that an immigration assistance service company — its employees, owners, and managers, will abide by all rules and statutes associated with the profession;
- Specifically, the existence of the surety bond protects customers from acts of fraud, theft, criminal and civil misconduct or malfeasance resulting from the misconduct of immigration assistance services, which in turn causes financial harm to customers.
As you can see, the requirement of this surety bond is solely for the protection of customer — in fact — the bond is “payable to the benefit of the people of the city of New York” by statute; it is not for the protection of the immigration assistance agency at all.
It is, however, a condition for licensing.
Premium for the New York Immigration Assistance Services Bond
The premium for the New York immigration assistance services bond represents the price you will pay for its issuance.
In the majority of instances, the amount required will be a small percentage of the $50,000 amount, possibly between 1-3%.
An application, along with a credit check will be the final determining components for pricing.
Our agency will work for you to ensure the best pricing regardless of your credit circumstances.
Duration of this Surety Bond
Your immigration assistance services bond must have dates which run concurrently with the licensing issued by the Commission.
The bond renews on an annual basis. Our agency will notify you well ahead of time with renewal reminders.
About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout New York state.
We look forward to working for you and we thank you for choosing our agency.