Fitness Center Bond
Any for-profit fitness center or weight reduction center that collects or requires a buyer to pay more than $100 for services before the buyer receives or has the opportunity to receive those services. Required when: Collecting or requiring payment of more than $100 for services before the services are provided or mad…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: $25,000. Other available requirements: "For fitness centers, the bond must be at least $25,000. For weight reduction centers, the amount is $10,000 if the center collected $50,000 to $100,000 in the previous year, or $5,000 if it collected less than $50,000. For 6 or more weigh…. Exact options still depend on the obligee, state, and underwriting.
