What is a City of Greenwood Transient Merchant, Mobile Food Truck Vendor, Solicitor, Street Vendor, or Peddler Bond?
Know why this surety bond matters to your business!
It is a license requirement before the person can sell the following in the City of Greenwood temporarily or for 30 days or less:
The surety bond should be filed with the Controller of the City of Greenwood, Indiana, and should be conditioned to ensure the compliance of the transient merchant, mobile food truck vendor, solicitor, street vendor, or peddler to the city ordinances that govern them, as well as to the relevant laws of the state.
Failure to comply with the said laws and rules such as deceiving the buyers or consumers for the purpose of a sale will be a ground for a bond claim. When this happens, the person who has been harmed by the wrongdoing will be financially compensated through the surety bond.
A person who cannot provide any documents that allow him or her to occupy a certain fixed location within Greenwood is considered a transient merchant.
This requirement is in line with Section 4-105 of Greenwood City Ordinance No. 17-04.
What is the Transient Merchant, Mobile Food Truck Vendor, Solicitor, Street Vendor, or Peddler Bond amount?
Transient Merchant = $1,000
Mobile Food Truck Vendor = $1,000
Solicitor = $1,000
Street Vendor = $1,000
Peddler = $1,000
If you have an excellent credit score, you will be eligible to pay a low bond premium!
How can I get a Transient Merchant, Mobile Food Truck Vendor, Solicitor, Street Vendor, or Peddler Bond?
SEND US A BOND APPLICATION – We begin the bonding process with an application. You may send your application for this bond HERE!
UNDERWRITING – Once we have received your application, an underwriter will ask you to submit important requirements, such as your credit score.
To avoid any delay, make sure that your requirements are complete before submitting them.
ISSUANCE – As soon as the underwriter has completed the necessary in-depth check, we will immediately issue the surety bond and send it to you!
What are the surety bond conditions?
- The surety bond agent or company should be authorized to conduct business in the City of Greenwood
- The surety bond should be made payable to the City of Greenwood, Indiana
- The transient merchant, mobile food truck vendor, solicitor, street vendor, or peddler should obey the provisions of the Greenwood City Ordinance No. 17-04, as well as the relevant state laws
- If the transient merchant, mobile food truck vendor, solicitor, street vendor, or peddler commits a valid violation, the aggrieved party will be eligible to file a claim against the surety bond
Ready to start on your bond? APPLY HERE!