State of Louisiana (Board of Regents) - Blanket Bond For Solicitor(s) Permit (Proprietary School)
Representative for Private School
Overview
What it is.
Representative for Private School
Who usually needs it
Proprietary schools (vocational, career, or trade schools) in Louisiana that employ solicitors to recruit prospective students must obtain this $1,000 per solicitor blanket bond when applying for solicitor permits under R.S. 17:3140.13. The bond provides indemnification to students suffering financial loss from fraud or misrepresentation by solicitors in pr…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateLABond amountVaries by license type or projectObligeeState of LouisianaBond classLicense BondCategoryOtherBondState of Louisiana (Board of Regents) - Blanket Bond For Solicitor(s) Permit (Proprietary School)Plain descriptionRepresentative for Private SchoolWho needs this bondProprietary schools (vocational, career, or trade schools) in Louisiana that employ solicitors to recruit prospective students must obtain this $1,000 per solicitor blanket bond when applying for solicitor permits under…
