Virginia Membership Camping Operator Bond |
AmeriPro Surety Bonds | 844-589-9732
Membership Camping Operators – Virginia
Virginia membership camping operators are regulated by the Office of Charitable and Regulatory Programs, and statutorily, by the Virginia Membership Camping Act.
AmeriPro Surety Bonds provides the Virginia camping operating bond for both first time (new) and for those who need to renew an existing license.
Virginia Membership Camping Operator Bond: Amount of Surety Bond Required and Premium
As a condition of licensing, there is a surety bond requirement, if money received from purchasers is not held in a trust account.
The amount of surety bond is based upon the amount of money collected. The breakdown for surety bond amount required is as follows:
Money Held Surety Bond Amount Required
Up to $200,000 $50,000
$200,000 to $500,000 $75,000
Over $500,000 $100,000
Information provided from a surety bond application and your credit score will be determinant as to the surety bond’s pricing.
An applicant with good credit, and whose application provides no reason for concern, may pay as little as 1% for each of the bond amounts.
For the larger surety bond amounts more detailed information, including a financial statement may or may not be requested.
The Purpose of this Surety Bond
The purpose of the Virginia membership camping operator bond is for the benefit and protection of your customers. The bond is a financial guarantee, on their behalf, that two things will be done:
1. You will provide the purchaser with title to the campgrounds as contractually agreed;
2. You will forfeit and return the money under the terms of the contractual arrangement.
So, while the bond is required of you, its benefit is for the your purchasing clients.
AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit, contractor, and fiduciary surety bonds throughout Virginia.
Our agency also provides surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will call you.