Different Phoenix License Bond Requirements in Arizona

June 28, 2017 by · Leave a Comment 

Taking care of a Phoenix license bond is an important step businesses can’t afford to miss. Jurisco understands when clients in Phoenix need to secure a license bond in order to satisfy a state or local ordinance. Have questions about license bonds in Phoenix? You’ve come to the right place.

Which surety bonds are license bonds?

Surety bonds are used by cities, courts, and private citizens to cover a variety of actions. There are court bonds, probate bonds, and license and permit bonds. License bonds apply to business actions including being a mortgage broker, health club owner, and working as a travel agent.

Aerial of Phoenix, Arizona downtown at night. While it may appear that the surety bond is only a measure to protect the public, they can also protect the business, too. A mortgage broker accused of misuse of funds has the protection of the surety bond to fall back on. This doesn’t take away the hassle of having to prove that funds were not mishandled, but every little bit helps.  

Are there penalties for not securing a surety bond?

Yes, if a business does not meet Arizona license bond requirements they can face closure as well as a fine. Whereas a court bond requirement has the ability to be waived by a judge, there are no loopholes to get out of needing a Phoenix license bond.

The fastest and easiest way to take care of a Phoenix license bond is to work with Jurisco. Arizona surety bond experts are on-hand to quickly secure a license bond. With a trusted surety bond provider there is no risk of failing state requirements.

Have questions about a Phoenix license bond? Let us help. The lawyer-trained staff at Jurisco are here to help clients understand their license bond requirements. Contact Jurisco anytime you need help with a surety bond.

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