Telephonic Seller Surety Bond
Telephonic sellers (as defined in Ark. Code Ann. § 4-99-103) who solicit prospective purchasers in Arkansas, whether calling from within or outside the state. Required when: Prior to doing business or soliciting prospective purchasers in the State of Arkansas. Exemptions: Exemptions are listed in Ark. Code Ann. § 4-99…
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: $50,000. Other available requirements: "The base bond amount is $50,000. However, if the telephonic seller offers premiums (gifts, prizes, or awards), they must maintain an additional bond for the total current market value or advertised value (whichever is greater) of the prem…. Exact options still depend on the obligee, state, and underwriting.
