Professional solicitor and fundraiser counsel bond cost
The Ohio Attorney General requires professional solicitors to post $25,000 surety bonds prior to conducting business. Because these bonds are subject to surety underwriting consideration, the premium rate you’ll pay depends on a review of your personal credit report. Qualified applicants could pay as low as $250 for their bonds.
Why this bond
Ohio professional solicitor surety bonds guarantee that principals (professional solicitors or fund-raising counsels) conduct business in accordance with the provisions of Chapter 1716 of the Ohio Revised Code. If the principal violates any of the terms of the surety bond agreement – such as using funds solicited for reasons other than for the charity intended – the bond protects harmed parties from financial loss up to the full penal sum of the bond ($25,000). The principal is responsible for paying the surety back for any damages paid out.
Professional solicitor and fund-raiser counsel bonds in Ohio remain in full force and effect as long as the principal adheres to the terms of the surety bond contract. The surety can cancel the bond at any time by giving written notice of cancellation to the Attorney General via certified mail at least 30 days prior to the effective cancellation/termination date.
Become a professional solicitor
To register as a professional solicitor or fund-raising counsel in Ohio, applicants must submit the following materials:
- Key Personnel Attachment
- Additional Personnel Attachment
- Personnel Holding Positions with Other Organizations Attachment, if applicable
- Financial Interests in Vendors Involved in the Solicitation Process Attachment, if applicable
- Disciplinary Actions Attachment, if applicable
- Personnel Felonies Attachment, if applicable
- $25,000 surety bond
- $200 filing fee
All forms can be accessed from the Important Links section of this page.Take the first step toward becoming licensed in Ohio by purchasing your surety bond quickly and easily!
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