Rhode Island telephone sales solicitor bonds.
From $300.
Before Rhode Island confirms a telephonic seller registration, the Telephone Sales Solicitation Act (R.I. Gen. Laws § 5-61-3.1) requires a security of at least $30,000. Pricing is 1% of the bond amount.
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How much does a Rhode Island telephone sales solicitor bond cost?
1% of the bond amount, from $300 at the $30,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard $30,000 telephonic-seller bond — enter your amount, pay, and file with your registration. Here is the whole thing:
Apply online
Your business details, the bond amount required of you, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000, so there is no waiting at the $30,000 level — the executed bond is generated as soon as you pay. No credit check up to $25,000.
File with your registration
Submit the executed bond with your telephonic-seller registration so the state can confirm it. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the telephonic-seller bond actually covers
Rhode Island's Telephone Sales Solicitation Act (R.I. Gen. Laws Chapter 5-61) requires a telephone sales solicitation operation or telephonic seller to register before doing business in the state. As part of that registration, § 5-61-3.1 requires the seller to file a security — a surety bond, letter of credit, or certificate of deposit — before a confirmation of registration is issued or re-issued.
The security is a minimum of $30,000, and the consumer protection unit may, at its discretion, set a higher amount "to ensure the general welfare of the public." A surety bond is the usual and cheapest way to satisfy it — you pay a one-time premium, starting from $300, instead of tying up the full amount in cash or a bank letter of credit.
The bond runs to the benefit of purchasers and indemnifies them for actual damages arising from the seller's violations of the Act; the statute is clear it does not limit any other right of recovery a buyer otherwise has under law. If the surety pays a claim, you repay the surety — it is a consumer-protection guarantee, not insurance for the seller.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your registration. Submit the executed bond with your telephonic-seller registration so the state can confirm it. Wet-ink originals mailed whenever the office insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount required of you — at the $30,000 level the executed bond is generated instantly, ready to file with your registration.
Start the application →Common questions.
Other Rhode Island bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Telephonic-seller bond, issued today.
Pricing from $300. Enter the amount required of you and file with your registration the same day.