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ICC Broker Bonds
ICC Broker, or Freight Broker, Surety bonds are required of transportation brokers. Originally regulated by the Interstate Commerce Commission, the bonds were transferred in 1995 to the authority of the Federal Motor Carrier Safety Administration after the ICC was abolished. Brokers are required to post a $10,000 bond.
Regulatory Department Contact:
Federal Motor Carrier Safety Administration
400 7th Street SW
Washington, DC 20590
(800) 832-5660
Rules:
FMCSA Regulations
Underwriting Requirements:
- Apply for bond HERE
- Business financial statement
- Personal financial statement for each owner
- Collateral may be required
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