City of Lansing, MI Auctioneer Penal Bond

Instant Issue Lancing Auctioneer Bond

We write $2,500 Auctioneer Penal Bonds in the City of Lansing, Michigan.
Our price is $100. INSTANT ISSUE - NO UNDERWRITING!

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General Information

Lansing Auctioneer Penal Bonds are required by the City of Lansing, as auctioneer licensing in Michigan is often handled at the city or count level rather than statewide. The required bond amount is $2,500.

No underwriting or credit check required! Just complete the information below, pay by credit card, and your bond will be issued in minutes.

City of Lansing, Michigan, Auctioneer Penal Bond Requirements

Follow this link if you would like to visit the City of Lansing website for the Auctioneer Penal Bond requirement

Additional information about this corporate surety bond requirement is as follows:
Obligee - City of Lansing
Bond Amount - $2,500
Bond Premium - $100

Purpose of the City of Lansing, Michigan, Auctioneer Penal Bond

A "penal bond" is a type of surety bond where the surety agrees to pay a specific sum (the penal sum, in this case, $2,500) if the principal (the auctioneer) fails to fulfill certain obligations or violates specific laws/ordinances.

For auctioneers in Lansing, this bond serves to protect the public and the City of Lansing from financial harm resulting from the auctioneer's misconduct or non-compliance with city regulations. This likely includes: Failure to adhere to the City of Lansing's auctioneering ordinances. Fraudulent or dishonest practices. Failure to account for funds or merchandise. Failure to pay taxes or fees due to the city.

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