Notary Bond Application:
X
Ohio Transient Vendor Bond
The Attorney General requires licensed transient vendors and merchants to acquire a Transient Vendor Bond as a requisite to legally provide goods and services to the public of Ohio towns, cities, and counties.
Jet Insurance Company provides the Transient Vendor Bond as an assurance to the Attorney General that the transient vendor will follow the rules and regulations of their license, as well as the associate local and state sales tax laws. The surety bond acts as a form of restitution in cases of the licensee causing the public financial losses, and/or if the licensee fails to pay all fees and sales taxes due to the local and state government.
If you are applying for the first time or renewing your transient vendor license, Jet can help you secure the required surety bond quickly and at an affordable price.
What Is the Bond Limit and Cost of the Transient Vendor Bond?
The Ohio Attorney General is in charge of determining the custom limit not to exceed $10,000 for the Transient Vendor Bond. This amount is typically based on an estimate of the amount of goods or services the vendor expects to sell in their county of business.
At Jet, the cost of the Transient Vendor Bond starts as low as $100 annually or a convenient $10 monthly price. Please refer to the chart below for an example of a custom bond limit and Jet’s preferred tier rates.
| Bond Term | Cost |
|---|---|
| Monthly | $10 |
| 1 Year | $100 |
| 2 Years | $175 |
Jet Insurance Company is a direct surety provider. Meaning, you don't have to deal with middlemen brokers and agents that add on fees and drawn out application processes. Our bond application can be done entirely online with the option to purchase your bond immediately after completion!
Why Is the Ohio Transient Vendor Bond Required?
Transient vendors transport their inventory and/or services to temporary places of business such as flea markets or exhibition shows in counties in which they have no fixed place of business. This short-term business style can lead to transient vendors not being held accountable for their actions.
The Attorney General’s Department requires licensed transient vendors to file the transient vendor bond in these Ohio counties to ensure that all regulations will be followed, taxes and fees will be paid to the local governing agency, and the public will be protected from any possible misrepresentation or cases of fraud committed by the licensee.
All in all, Jet provides this surety bond to guarantee that the state and local government is protected from non-payment of all taxes, fees, and fines due, and the public is protected from financial losses.
How to Apply for the Transient Vendor License Bond With Jet
Jet’s application process for the Transient Vendor Bond can be completed directly online in just minutes! Simply click the button above to be taken through the step-by-step application. General information such as your contact info and social security number will be needed for a quick credit check, but don't worry as the soft credit pull does not affect your current score. Once all has been submitted and you've been provided an approved rate, just fulfill payment and you'll be all set for your bond.
How Is the Transient Vendor Bond Filed in Ohio?
The signed and sealed Transient Vendor Bond must be filed with the local sheriff’s office of the Ohio county or city that the vendor plans to operate their business. The sheriff is then required to send the bond (with a copy of your active license) to the Attorney General’s Department; notice for approval status should be given within 10 days.
Once you have completed your bond application process with Jet, we will immediately send over the original, signed, and sealed bond form to the address of your choice. If you are in need of further details or assistance, the Attorney General’s Department mailing address and contact information can be found below.
Ohio Attorney General
150 E. Gay St. 23rd Floor
Columbus, OH 43215
800-282-0515
For those looking to apply for or renew your license, the completed transient vendor license application is required to be sent to the following mailing address.
Ohio Department of Taxation
PO Box 182215
Columbus, OH 43218-2215
What Happens if I Need to Cancel My Transient Vendor License Bond?
You may cancel your bond with Jet at any time! Simply send us a written notice (an email to [email protected] is best), and we will start the bond termination process. Jet will promptly file a cancellation notice with the Attorney General's Department. Once received, liability of the bond will be released within 10 days.
Regarding refunds, the Jet team will review your bond and may reimburse you any available premium left on your bond term. For monthly bondholders, payments will cease once the liability period has officially ended.
How to Renew the Ohio Transient Vendor Bond
If you are making monthly payments for your Transient Vendor Bond, you don't have to worry about renewing! Your bond will remain active as long as payments continue to be made, or of course until cancellation is sought.
For our bondholders that pay in full and up front for their surety bond, Jet will send you a renewal invoice far in advance of your bond term’s expiration date. Simply fulfill payment and you're all set!
It is important to note that your Transient Vendor Bond has a two year tail on it. Meaning, even after you have forgone your transient vendor license, the bond must remain active for two years following your last transaction in the county where it was originally filed.
How Does a Licensee Avoid Transient Vendor Bond Claims in Ohio?
The licensee is expected to follow all state regulations, this includes the Ohio Legislative Code, Sections 311.37 and 5739.17 as they are pursuant to the transient vendor license and the conditions of the Transient Vendor Bond. Failure to comply may result in the Attorney General’s Department terminating your license, charging fines, and/or filing a claim on your bond. Any person of the public that has suffered losses due to such violations has the legal right to take civil action which can lead to a claim on your bond as well.
Transient vendors can have a claim filed against them for actions such as nonpayment of sales taxes, licensing fees, and fines to the local governing county, state of Ohio, or Attorney General’s Department. Selling faulty products and misrepresenting goods or services of your business are also violations subject to a bond claim from the public.
Prior to a claim being filed or civil action taken, the transient vendor will be given a chance to address the problem and resolve the issue with the governing entity or damaged party through immediate payment of past fees due or reimbursing the claimant for losses caused.
It is in your best interest to take this chance to resolve your violations before a loss of license and an expensive claim on your Transient Vendor Bond ensues.
What Happens if I Get a Transient Vendor Bond Claim?
If a claim is filed on your Ohio Transient Vendor Bond, immediately contact Jet with all available details and documentation. Once you have been briefed on how our claim process works, the Jet team will begin a review and investigation of your bond claim.
However, if the claim is found to be justified by both sides, Jet Insurance Company is legally obligated per the Transient Vendor Bond form to make payment up to the custom bond limit.
This surety bond provided for you is essentially an extension of credit, therefore making you responsible for paying Jet back for your paid out bond claim. Failure to fulfill this obligation will result in future difficulties receiving the license and bond needed to be a transient vendor in Ohio.
