What is a North Dakota Transient Merchant Bond?
Commerce is not just about people who stay in offices or who have towering business establishments in the city’s business districts. It is not just about those who have huge production/manufacturing facilities or those who have a fleet of sales trucks and other commercial amenities and business locations. It is also about those business operators who carry out sales operations from one place to another, hop from one establishment to the next. It is also about the hundreds of transitory business individuals who have different products and services to sell.
Because there is not much regulation monitoring and overseeing these transient sellers, they may cause problems to the general public. So as to legitimize their operations and to assure that they will conduct themselves in the way that is expected of them, the Transient Merchant Bond exists.
The North Dakota Transient Merchant Bond is a fail-safe security required by the North Dakota Consumer Protection and Antitrust Division from transient vendors to carry out business operations that are compliant with the provisions contained in Chapter 51-04 of the North Dakota Century Code. This bond is also a committed declaration that a transient merchant will not behave in any way that will harass, trespass, irritate or annoy, steal, deceive anyone during the course of the sales activity. It likewise assures people and the State that a transient merchant will not attempt to gain entrance to any residential dwelling or business establishment that is displaying a sign barring solicitation. Additionally, the bond guarantees that a transient merchant will not make more than one solicitation on any premise for the same goods and services without prior invitation from the occupant. Because of this bond, any transient merchant is strictly prohibited from making any false or misleading statements or erroneously making endorsements about the commodities or services being sold.
Why do you need a North Dakota Transient Merchant Bond?
You need the North Dakota Transient Merchant Bond because you care for your reputation and your vocation. With this bond, the State of North Dakota is assured that you will not be bothering its constituents as you conduct your sales calls. The bond can boost your professional integrity and will allow you to be recognized as a responsible business person in your area of expertise.
How much does a North Dakota Transient Merchant Bond cost?
A North Dakota Transient Merchant Bond is for $1,000. The said bond is irrevocable and cannot be concluded before the course of two (2) years after the termination of the license issued. The bond must be duly approved by the City Attorney. Premium payments will be determined by the applicant’s credit score and financial history. Likewise, the profile of the applicant including his/her reputation as a member of the community will be strong factors in the decision of how much the premium will be for this bond.
How do I get a North Dakota Transient Merchant Bond?
Obtaining a North Dakota Transient Merchant Bond is actually an easy process. Just choose the services of a genuine surety professional and give them a call! With Surety Bond Authority, you will have the answers you need and the solution to whatever concerns you have in protecting your business.