Illinois ra bond 2026

See details

4.8 out of 5

63 votes

The document is a Remittance Agent's Bond form issued by the Secretary of State of Illinois, outlining the obligations and conditions for a principal acting as a remittance agent. It specifies the bond amount, legal responsibilities, and requirements for licensing under the Remittance Agent Act, ensuring compliance with state regulations regarding vehicle taxes and fees.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Illinois RA Bond with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Illinois RA Bond in the editor.
Begin by filling in the 'Applicant' section with your name and address, including city and county.
Next, enter the name of the surety and their corresponding address, city, county, and state.
Specify the location covered by this bond where you will act as a Remittance Agent.
Indicate the penal sum of the bond, ensuring it meets the minimum requirement of $20,000 or is equivalent to your highest remittance amount from the previous fiscal year.
Complete the license term ending date in accordance with your application for a Remittance Agent license.
Ensure all signatures are provided where indicated, including those of the principal and surety, along with notarization.

Start using our platform today to fill out your Illinois RA Bond easily and for free!

See more illinois ra bond versions

We've got more versions of the illinois ra bond form. Select the right illinois ra bond version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (63 Votes)
2007	4.4 Satisfied (167 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the requirement for a surety bond in Illinois?

Mortgage brokers in Illinois need a bond up to $150,000, based on loan volume. To comply with state law, credit services organizations in Illinois must hold a $100,000 surety bond. In Illinois, licensed public adjusters must have a $50,000 surety bond to comply with state regulations.

Under what circumstances is a surety bond required?

Most surety bond applications will need your official business name, address and ownership information. Some bonds require additional information such as: Credit score. Personal financial statement.

How to get a surety bond in Illinois?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $30,000 $300 - $900 $900 - $1,500 $35,000 $350 - $1,050 $1,050 - $1,750 $40,000 $400 - $1,200 $1,200 - $2,0007 more rows

What is the dealer surety bond in Illinois?

A $50,000 Designated Agent Bond is required by the Illinois Secretary of State, Dealer Licensing Section for all motor vehicle dealers selling five or more vehicles in a year.

Did Illinois get rid of bonds?

In 2021, the Illinois legislature passed the Pretrial Fairness Act. With its implementation in 2023, Illinois became the first state in the country to completely end the use of money bond.

Security and compliance

At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.

Learn more

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

How much is a surety bond in Illinois?

Surety bond premiums in Illinois typically range from 1 to 10% of the bond amount, sometimes up to 15% for higher-risk bonds or lower credit profiles. With strong credit, expect 1 to 4%, while lower credit scores may result in rates of 5 to 15%. What types and amounts of surety bonds are required in Illinois?

Illinois ra bond 2026

Here's how it works