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Popular Surety Bonds in Illinois
Notary Surety Bond in Illinois
To perform traditional or online notarizations in Illinois, you must post and maintain a $5,000 bond during your four-year commission. The cost is $100.
Illinois Vehicle Title Surety Bond
In Illinois, a bonded title is a regular car title with a surety bond attached. You might need this type of title if you never received the original when you purchased your car. This is a three-year bond.
Illinois Auto Dealer Surety Bond
Each physical dealership in the state of Illinois must post a surety bond as part of the state dealer’s licensing application process. The bond amount varies.
Contractor License Bonds
Under Illinois law, only licensed plumbing and roofing contractors must obtain an Illinois contractor license bond. Other contractors may be subject to licensing and bonding requirements at the local level.
Appraisal Management Company Bond
Real estate appraisers must post a $25,000 surety bond, renewed annually, ensuring payment of taxes and other applicable fees to the Illinois Department of Financial and Professional Regulation.
Insurance Producer Bond
The Illinois Department of Insurance requires insurance producers to post a surety bond to protect consumers (amounts may range from $2,500 to $50,000).
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