Oregon finance and insurance-related businesses are often required to secure a license bond to operate. These businesses include real estate companies, debt collectors, and mortgage services required by entities such as the Department of Consumers and Business Services (DCBS). Jet provides bonds directly, eliminating broker fees and allowing businesses to get coverage efficiently.
The Mortgage Lender Bond is a prerequisite to being licensed as a mortgage broker, banker, and/or lender, by the Oregon DCBS.
Mortgage servicers must obtain a Mortgage Services Surety Bond prior to servicing residential mortgage loans in Oregon which is enforced by the DCBS.
The DCBS requires a $40,000 Manufactured Structures Dealer Bond or $15,000 Limited Manufactured Structures Dealer Bond to be licensed.
Appraisal management companies must secure an Appraisal Management Bond through the Oregon Appraiser Certification and Licensure Board.
The State of Oregon Real Estate Agency requires all escrow agents to hold a surety bond to become and maintain an escrow agent license.
A $35,000 surety bond is a licensing requirement for real estate marketing organizations in the State of Oregon.
Highway Use Tax Bond for motor carriers and trucking operations as required by the Oregon DOT to guarantee tax payments.
Liquor Control Commission Bond required for licensed shipping, warehouse, brewery, winery, distribution and wholesale operations.
Cigarette and Other Tobacco Products Sales Tax Bond required by the Oregon Department of Revenue for licensed tobacco distributors.
The DOJ requires nonparticipating manufacturers (NPM) of tobacco products to file a surety bond. The limit is based on the escrow due for the past 12 calendar quarters, with a minimum limit of $25,000.
A $10,000 Investment Adviser Bond, enforced by the DCBS, is needed by state investment advisers to get and maintain the license.
The DCBS enforces all life settlement providers to secure a $100,000 surety bond to conduct business in the state of Oregon.
The DCBS requires debt management service providers to get and maintain a $25,000 bond to provide services in Oregon.
The $10,000 Collection Agency Bond is enforced by the DCBS. A $15,000 bond is needed for agencies operating without a physical location in the state.
The DCBS regulates money transmission services in Oregon by requiring a surety bond for money transmitters.
Certified Self-Insured Employer Bond required by the DCBS for business who self-insure as opposed to purchasing workers comp from a third party.
Unemployment Compensation Trust Fund Bond required by the Oregon Employment Department for non-profits that do not pay unemployment insurance tax.
The Multiple Employer Welfare Arrangement Bond is a more convenient way to meet the DCBS' requirement to guarantee your obligations will be fulfilled, rather than depositing $250,000 directly to the DCBS.
The Legal Expense Organization Qualifying Bond is a requirement by the DCBS for legal firms offering legal access or comprehensive plans.
Pawnbrokers in Oregon must file a surety bond with the DCBS in order to do pawnbroker business in the state.
SAIF Workers Compensation Employers Bond required by the State Accident Fund Corporation for non-profits who find it difficult to receive coverage.
Tobacco Manufacturers who do not participate in the Master Settlement Agreement will need this bond.