IL remittance agent bonds.
2% of the bond amount.
A remittance agent takes a customer’s money for Illinois vehicle title, registration and tax filings and forwards it to the State. Because that money leaves the customer before it reaches the Secretary of State, 625 ILCS 5/3-903 makes it unlawful to act as one without first holding a licence and posting a bond. Premiums cost 2% of the bond amount, $100 minimum; the application collects no credit information, and most applications approve instantly.
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Apply to filed in one sitting.
The bond is the quick part of a remittance agent file — the affidavits and the prelicensing certificate take longer than the surety does. Here is the whole thing:
Apply online
Your business details, your county, the location the bond has to cover, the bond amount your licence requires, and an effective date. No financial statements, no credit section.
Pay & e-sign
Remittance agent bonds are among the thousands of bond types that issue right after purchase. The application collects no credit information, and most applications approve instantly.
File with the Secretary of State
Your executed bond and power of attorney arrive by email, ready to file with your licence application or renewal at Vehicle Services. Wet-ink original mailed on request.
What it is and who needs it.
What the remittance agent bond actually guarantees
Article IX of the Illinois Vehicle Code opens by saying why it exists: to protect the public from people who accept money for remittance to Illinois state agencies and then fail to forward it. That is the whole risk in one sentence. Title and registration service companies, dealer title services, currency exchanges that sell plates and stickers, and anyone else who collects a customer’s title fee, registration fee, or vehicle use tax and sends it on to the Secretary of State is a remittance agent.
The bond runs to the People of the State of Illinois and is conditioned on the proper transmittal of every remittance and the performance of all undertakings connected with it. The penal sum is the greater of $20,000 or the aggregate sum you transmitted to the State during the highest 15-day period in the preceding fiscal year, rounded to the nearest $1,000 — so the bond grows with the float you actually handle rather than sitting at a token number.
The licence is a calendar-year licence: it terminates on December 31 of the year it is issued, and it is renewed on an application filed between September 1 and December 31 of the preceding year. That is why the application here asks you to choose a term and then fixes the expiry on a December 31 date. The other half of the file is not the surety’s: a written application under oath naming every location where you will act, two affidavits from residents attesting to your good moral character and business reputation, and a certificate from the prelicensing education programme. It is not insurance for you — if the surety pays, you reimburse the surety.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application does not collect credit information.
Start the application →Common questions.
Other Illinois bonds.
Get the remittance licence filed.
2% of the bond amount, from $100, no credit section, issued the moment you pay. Free until issued.