Hank Seaton Map21 Webinar August 14 2013
APPLICATION FOR PROPERTY BROKER’S BANK TRUST AGREEMENT Under 49 U.S.C. Section 13904, 13906, 49 C.F.R. 387.307 and Form BMC-85 TRUST Application (BMC-85_&_BOC-3)
Application For Bond By Lexon Surety Group
Please download, complete and return to brokers@processagents.net or Fax to 703-573-9786 If you have any questions contact Douglas Kaiser at Seaton & Husk (703-573-0700)
If you currently have broker’s license, whether it is held by your motor carrier entity or in a separate corporation, at a minimum you will be required to post a $75,000 bond or bank trust agreement effective October 1.
The purpose of this White Paper is to advise clients on significant changes in the broker and broker bond regulations passed as part of MAP-21. Effective as soon as October 1, 2013 the “Fighting Fraud in Transportation†or “FFIT†provisions of the new statute will be in effect. See 49 U.S.C. 32915-32919.