Included in these rules is the prerequisite of obtaining a $25,000 surety bond.
AmeriPro Surety Bonds will provide this surety bond for both new and renewal applicants.
The purpose of the Texas motor home show promoter bond is a financial guarantee that the promoter will comply with all rules, laws, and statutes involved in their business operations.
As such, the bond protects others from acts of theft, fraud, willful misrepresentation or criminal malfeasance committed by a promoter, employees, managers, or officers, in connection with their duties as motor home promoters.
The Texas Department of Motor Vehicles is the obligee, that is, they are the department requiring this bond as a condition for granting a license.
Before purchasing this surety bond, applicants will need to provide our agency with the expiry date on the application.
We will need that date to determine how to conform the bond to the state’s requirements.
The bond is written and prepaid for a period of 2 years upon issuance.
The premium represents the amount that an applicant will pay for this surety bond.
AmeriPro Surety Bonds utilizes a “soft pull” credit check which does not adversely affect an applicant’s credit score.
Without being able to get into specifics, applicants may expect to pay anywhere between 2-5% for this surety bond.
Some applicants may be required to pay more.
AmeriPro Surety Bonds is a surety bonds-only agency providing license and permit, contractor, court, and fiduciary bonds throughout Texas.
We also provide surety bonds nationwide.
Call us today for your Texas motor home show promoter bond: