Form SFSB-455 Auctioneer / Auction Company Surety Bond - California

What Is Form SFSB-455?

This is a legal form that was released by the California Secretary of State - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form SFSB-455?A: Form SFSB-455 is a surety bond required for auctioneers and auction companies in California.

Q: Who needs to file Form SFSB-455?A: Auctioneers and auction companies operating in California need to file Form SFSB-455.

Q: What is the purpose of Form SFSB-455?A: Form SFSB-455 serves as a financial guarantee for the professional conduct of auctioneers and auction companies.

Q: How can I obtain Form SFSB-455?A: You can obtain Form SFSB-455 from the California Department of Justice or through an authorized surety bond provider.

Q: Are there any fees associated with Form SFSB-455?A: Yes, there are fees associated with filing Form SFSB-455. The exact amount can vary and should be verified with the California Department of Justice.

Q: What happens if I don't file Form SFSB-455?A: Failure to file Form SFSB-455 can result in penalties, fines, or the suspension of your auctioneer or auction company license.

Q: Is Form SFSB-455 specific to California?A: Yes, Form SFSB-455 is specific to California and is required for auctioneers and auction companies operating in the state.

Q: Is Form SFSB-455 a one-time requirement?A: No, Form SFSB-455 is an ongoing requirement and needs to be renewed periodically as specified by the California Department of Justice.

Q: Can I use Form SFSB-455 as proof of insurance?A: No, Form SFSB-455 is a surety bond and is not equivalent to insurance coverage.

Q: Can I cancel or terminate Form SFSB-455?A: No, Form SFSB-455 cannot be canceled or terminated by the principal. It can only be canceled or terminated by the surety bond provider or the California Department of Justice.