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Popular Surety Bonds in Massachusetts
Private School Bond
The Department of Education requires private schools in many states, including Massachusetts, to post a bond as part of the licensing process.
Driving School Bond
If you wish to operate a driving school in Massachusetts, your state regulating agency may require you to post a surety bond as part of the licensing process.
Private Investigator Bond
To work as a private investigator, you may need a $5,000 bond to obtain your state license. This bond costs $100 and must be renewed annually.
Cosmetology School Bond
To run a cosmetology school in the state, you may need a $10,000 bond to become licensed. This bond ensures schools meet industry standards and protects students’ unearned, prepaid tuition.
Investment Advisor or Broker Dealer Bond
Investment advisors and broker dealers in Massachusetts must maintain a $10,000 surety bond, renewed annually.
Auctioneer Bond
Auction professionals applying for a state license must post a $10,000 bond. These bonds protect the public from fraud, misrepresentation, payment mismanagement, and more.
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