Licensed check cashers who act as agents for a licensed money transmitter to accept utility bill payments. Required when: Acting as an agent for a licensed money transmitter to accept utility bill payments for remittance. Exemptions: Licensed check cashers who do not act as agents for licensed money transmitters to ac…
Overview
What it is.
Licensed check cashers who act as agents for a licensed money transmitter to accept utility bill payments. Required when: Acting as an agent for a licensed money transmitter to accept utility bill payments for remittance. Exemptions: Licensed check cashers who do not act as agents for licensed money transmitters to ac…
Who usually needs it
Licensed check cashers who act as agents for a licensed money transmitter to accept utility bill payments.
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.
StateNYBond amount$100,000Term lengthContinuousObligeeNew York Department of Financial ServicesRenewalThe bond must be maintained in force as long as the licensee continues to act as an agent for utility bill payments; evidence of the bond must be provided to the Superintendent.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory reference3 NYCRR § 400.12JurisdictionState
