Any corporation, limited liability company, limited liability partnership, or foreign entity applying for a license as a money transmitter or payment instrument issuer under Part II of Chapter 560, Florida Statutes. Required when: Application for licensure as a Money Services Business (Part II) or as required by the O…
Overview
What it is.
Any corporation, limited liability company, limited liability partnership, or foreign entity applying for a license as a money transmitter or payment instrument issuer under Part II of Chapter 560, Florida Statutes. Required when: Application for licensure as a Money Services Business (Part II) or as required by the O…
Who usually needs it
Any corporation, limited liability company, limited liability partnership, or foreign entity applying for a license as a money transmitter or payment instrument issuer under Part II of Chapter 560, Florida Statutes.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateFLBond amountThe bond amount is calculated as 2% of the total projected or actual volume of …Term lengthContinuousObligeeFlorida Office of Financial RegulationRenewalThe bond is continuous but the required amount must be recalculated annually. Licensees must submit Form OFR-560-07 (Security Device Calculation Form) no later than January 31st of each year to determine if the bond amo…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondCorporate Surety BondStatutory referenceSection 560.209, Florida StatutesJurisdictionState
