Louisiana Money Order | $25,000 Money Order Surety Bond

Also known as: money order bond

Type of Bond

A money order bond, also known as a money transmitter bond or a money services business bond, is a type of surety bond required by certain jurisdictions for businesses involved in the transmission or handling of money orders. It provides protection to customers and regulatory authorities by ensuring that the money transmitter operates in compliance with applicable laws and regulations. The purpose of a money order bond is to safeguard the interests of individuals who use money order services by providing a financial guarantee against fraudulent or unethical practices. It holds the money transmitter accountable for their obligations, including accurately handling and delivering funds, maintaining proper records, and adhering to anti-money laundering and consumer protection laws. When a money transmitter applies for a license or registration to offer money order services, they may be required to post a money order bond. The bond amount is typically determined by the regulatory authority based on factors such as the volume of transactions and the potential risk associated with the business. In the event that a money transmitter violates the terms of their license or engages in wrongful actions, a claim can be made against the money order bond. If the claim is proven valid, the bond issuer will provide compensation up to the bond amount to affected parties, which may include customers, regulatory bodies, or other stakeholders. The money transmitter is then responsible for reimbursing the bond issuer for the payout made on their behalf. In summary, a money order bond is a form of financial protection required for businesses involved in money order services. It ensures compliance with regulatory requirements, protects customers from fraudulent practices, and provides a mechanism for compensation in case of wrongdoing by the money transmitter.


Program

The price you'll pay for your $25,000 Money Order Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $25,000 Money Order Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $25,000 Money Order Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Money Order Bond Application process.

The Louisiana Money Order Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Money Order bond.

Obligee: Office Of Financial Institutions Of State Of Louisiana