How to File Your Security Deposit Bond for the First Time

The amount of the bond must equal the amount of security deposits collected up to $50,000. If the amount of security deposits collected exceeds $50,000.00, then the amount of the bond must equal the first $50,000.00 plus 25% of any amount over $50,000.00

Example: Security deposits collected equals $70,000.00. Bond must equal $55,000.00

($50,000.00 + 25% of $20,000.00 ($70,000.00 - $50,000.00), which equals $5,000.00; $50,000.00 + $5,000 = $55,000.00)

  • Submit the following original forms (no photo copies) to Consumer Protection for approval:
  • Upon approval, the Attorney General will assign an AG file number to the bond and it will be sent to be filed with the Secretary of State.
  • Reference the AG number on all correspondence with the Attorney General's office.