Customs broker bond cost
Customs brokers in Texas must post $5,000 surety bonds to operate within the state. An additional $1,000 worth of coverage is required for each place of business from which the customs broker intends to issue export certification forms.
These bonds are subject to underwriting, so the price you’ll pay depends on a review of your personal credit report. Qualified applicants could pay as low as $100 for their bonds! What are you waiting for? Request your free bond quote now!
Why this bond
Chapter 151 of the Texas Tax Code requires customs brokers in the state to post surety bonds. By posting this bond, principals (customs brokers) pledge to pay all taxes, interest, penalties and costs that become due to the state on time and in full.
If the principal fails to comply with these terms, the surety will cover any financial losses that occur up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
Customs broker bond details
Texas customs broker surety bonds remain in full force and effect until canceled. The surety can terminate the bond by giving written notice to the Comptroller of Public Accounts. Termination becomes effective 30 days after the notice is received.
Become a customs broker
Before a person can legally act as a customs broker in Texas, he or she must first apply to the Comptroller of Public Accounts for licensure. All license applications must be accompanied by:
- the $300 license fee
- a surety bond in the proper amount
All licenses expire annually on December 31.
Apply for your surety bond
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