Telemarketing bond cost
The exact amount Arizona telemarketers will pay for a surety bond depends on their credit report and other financial credentials. If an applicant’s credit score is 680 or higher they can expect the cost to be about 1% of the total bond amount.The Arizona Secretary of State requires that all telephone solicitors post a bond in the amount of $100,000.
Why this bond
Arizona telephone solicitation surety bonds ensure that principals (telephone solicitors) will obey all laws and regulations stated within the Arizona Revised Statutes, Title 44. Unlawful acts according to this document include:
- deceiving any customer through fraud, misrepresentation or omission of facts
- charging or receiving money before services are complete
- using caller ID block when contacting customers
- calling someone who has requested not to be contacted
- knowingly calling a paging device
If a telephone solicitor is found to be guilty of breaking any provisions stated in the statutes, the principal is required to reimburse the surety for all of the damages covered.
Arizona telephone solicitation surety bonds are required by the Arizona Secretary of State. This particular bond is continuous until canceled. If the surety decides for any reason to cancel this bond, they must notify the obligee and principal by certified mail 60 days prior to cancellation.Applicants must indicate the proper business classification (individual, partnership, corporation) on the bond form.No claims can be made against the bond more than 4 years after the act or omission on which the suit is based.
Apply for your surety bond
Get a FREE Arizona Telephone Solicitation Bond Quote Today! Click here to begin