The Attorney General provides Consumer Alerts to inform the public of unfair, misleading, or deceptive business practices, and to provide information and guidance on other issues of concern. Consumer Alerts are not legal advice, legal authority, or a binding legal opinion from the Department of Attorney General.
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The amount of the bond must equal the amount of Security Deposits Annual Certification (DOC) 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)
1. Submit the following original forms (no photocopies) to Consumer Protection for approval:
2. 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.
3. Reference the AG number on all correspondence with the Attorney General's office.
If units are acquired or sold during the year, you must submit: