Surety Bond for Money Transmitters - Idaho

This Idaho-specific "Surety Bond for Money Transmitters" is a document released by the Idaho Department of Finance.

Download the fillable PDF by clicking the link below and use it according to the applicable legal guidelines.

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STATE OF IDAHO
BOND #
DEPARTMENT OF FINANCE
Securities Bureau
Effective date
800 Park Boulevard, Suite 200, Boise, ID 83712
P.O. Box 83720, Boise, ID 83720-0031
SURETY BOND FOR MONEY TRANSMITTERS
KNOW ALL MEN BY THESE PRESENTS, that we,
, as Principal and
, a corporation duly incorporated under the laws of the State of
, and authorized to do business in the State of Idaho, as Surety, are held and firmly bound unto
the State of Idaho in the principal amount of $
for the payment of which we
hereby bind ourselves, our and each of our heirs, assigns, executors and administrators, jointly and severally, unconditionally by
these presents.
In the event that the Principal fails to faithfully perform its obligations with respect to the receipt, handling, transmission, and
payment of money in connection with either the sale and issuance of payment instruments or the transmission of money pursuant to
Chapter 29, Title 26, Idaho Code, as the same may be amended from time to time, and any rules promulgated pursuant thereto,
then the bond shall be forfeited and paid to the State of Idaho or a claimant or authorized representative of a claimant.
This bond shall be a continuing obligation of the Surety. The Surety's liability under this bond for any claim that is made
thereunder, either individually, or in the aggregate, shall in no event exceed the principal amount of the bond. The bond shall
remain in place for a period of two years from the date the Principal ceases money transmission operations in this state.
PROVIDED, FURTHER, that the Surety may cancel this bond by giving thirty (30) days prior written notice to the Idaho
Department of Finance at Boise, Idaho. A copy of said notice of cancellation shall also be sent to the Principal. Any required notice
shall be sent by registered or certified mail, return receipt requested. In case of cancellation by the Surety, no further obligation
shall be incurred under this bond after the expiration of said thirty (30) days, but the liability of the Principal and Surety shall
apply as above set out as to any acts or omissions which may have occurred prior to the effective date of such cancellation.
(NAME OF LICENSEE)
Date
(SIGNATURE OF OFFICER OF LICENSEE)
(NAME OF SURETY COMPANY)
Date
(SIGNATURE OF OFFICER OF SURETY COMPANY)
(TITLE OF SURETY COMPANY OFFICER)
STATE OF IDAHO
BOND #
DEPARTMENT OF FINANCE
Securities Bureau
Effective date
800 Park Boulevard, Suite 200, Boise, ID 83712
P.O. Box 83720, Boise, ID 83720-0031
SURETY BOND FOR MONEY TRANSMITTERS
KNOW ALL MEN BY THESE PRESENTS, that we,
, as Principal and
, a corporation duly incorporated under the laws of the State of
, and authorized to do business in the State of Idaho, as Surety, are held and firmly bound unto
the State of Idaho in the principal amount of $
for the payment of which we
hereby bind ourselves, our and each of our heirs, assigns, executors and administrators, jointly and severally, unconditionally by
these presents.
In the event that the Principal fails to faithfully perform its obligations with respect to the receipt, handling, transmission, and
payment of money in connection with either the sale and issuance of payment instruments or the transmission of money pursuant to
Chapter 29, Title 26, Idaho Code, as the same may be amended from time to time, and any rules promulgated pursuant thereto,
then the bond shall be forfeited and paid to the State of Idaho or a claimant or authorized representative of a claimant.
This bond shall be a continuing obligation of the Surety. The Surety's liability under this bond for any claim that is made
thereunder, either individually, or in the aggregate, shall in no event exceed the principal amount of the bond. The bond shall
remain in place for a period of two years from the date the Principal ceases money transmission operations in this state.
PROVIDED, FURTHER, that the Surety may cancel this bond by giving thirty (30) days prior written notice to the Idaho
Department of Finance at Boise, Idaho. A copy of said notice of cancellation shall also be sent to the Principal. Any required notice
shall be sent by registered or certified mail, return receipt requested. In case of cancellation by the Surety, no further obligation
shall be incurred under this bond after the expiration of said thirty (30) days, but the liability of the Principal and Surety shall
apply as above set out as to any acts or omissions which may have occurred prior to the effective date of such cancellation.
(NAME OF LICENSEE)
Date
(SIGNATURE OF OFFICER OF LICENSEE)
(NAME OF SURETY COMPANY)
Date
(SIGNATURE OF OFFICER OF SURETY COMPANY)
(TITLE OF SURETY COMPANY OFFICER)

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