Every travel club, before entering into a travel services agreement with a purchaser of travel services. Required when: Registration as a travel club with the Commissioner of the Department of Agriculture and Consumer Services. Exemptions: Credit card issuers whose cards are honored by 100 or more merchants; non-profi…
Overview
What it is.
Every travel club, before entering into a travel services agreement with a purchaser of travel services. Required when: Registration as a travel club with the Commissioner of the Department of Agriculture and Consumer Services. Exemptions: Credit card issuers whose cards are honored by 100 or more merchants; non-profi…
Who usually needs it
Every travel club, before entering into a travel services agreement with a purchaser of travel services.
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.
StateVABond amountBased on the number of active/unexpired contracts: 0 to 1500 contracts: $60,000…Term lengthAnnualObligeeVirginia Department of Agriculture and Consumer Services, Office of Charitable and Regulatory ProgramsRenewalRegistration must be renewed annually with the Commissioner; the bond must be maintained for as long as the travel club offers travel services in Virginia.Bond classLicense BondCategoryAgricultureBondTravel Club BondStatutory referenceVirginia Code § 59.1-447JurisdictionState
