Massachusetts Money Order | $15,000 Money Order Surety Bond
Also known as: money order bond
Type of Bond
A Massachusetts money order bond is a type of surety bond required by the Massachusetts Division of Banks for entities engaged in the sale of money orders within the state. It serves as a financial guarantee that the bonded party will comply with state laws, regulations, and ethical standards when issuing and handling money orders. The purpose of the money order bond is to protect consumers and ensure that the bonded party operates with integrity, professionalism, and adherence to industry standards. It provides recourse for individuals who may suffer financial harm or damages resulting from fraudulent activities, misappropriation of funds, or violations committed by the bonded entity issuing money orders. By obtaining the bond, the bonded party agrees to fulfill their obligations, which may include accurately issuing money orders, safeguarding customer funds, maintaining appropriate licenses and permits, and complying with all applicable laws and regulations. If the bonded party fails to meet these obligations or violates the terms of the bond agreement, a claim can be filed against the bond, allowing affected parties to seek financial compensation for damages or losses. The money order bond is typically obtained through a surety bond company. The surety bond company assesses the financial stability and credibility of the bonded entity before issuing the bond. The bond amount is determined by the Massachusetts Division of Banks and may vary based on factors such as the volume of money orders issued or the potential financial risks associated with the bonded entity's operations. It's important to note that a Massachusetts money order bond is specific to the regulations and requirements set by the Massachusetts Division of Banks. Entities engaged in the sale of money orders within Massachusetts are required to obtain this bond to demonstrate their financial responsibility and commitment to consumer protection while issuing and handling money orders.
Program
The price you'll pay for your $15,000 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 $15,000 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 $15,000 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 Massachusetts Money Order Bond amount is currently set at $15,000.
Obligee Information
An obligee is the entity that is requiring you to have the Money Order bond.
Obligee: Travelers Express
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!