The State of Illinois requires that any remittance agent requires a license to practice within the State. To become licensed, you will need to execute an Illinois Remittance Agent’s Bond under 625 ILSC Title 5, Chapter 3, Section 900. Please check with the Office of the Illinois Secretary of State for more information regarding your required bond amount.
Bonds Express offers an Illinois Remittance Agent’s Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Remittance Agent’s Bond holds you accountable for your business decisions.
By possessing an Illinois Remittance Agent’s Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.