Louisiana Professional Solicitor Bond Guide
If you’re registering to become a professional solicitor for a charitable organization in Louisiana, you’ll likely need a $25,000 bond.
Bond Overview
- Purpose: To protect charitable organizations from mismanagement of funds
- Who Needs It: Professional fundraisers with custody over charitable funds
- Regulating Body: The Louisiana Department of Justice, Consumer Protection Section
- Required Coverage: $25,000
- Premium Rate: $375
Learn all about the bond requirements and process in this guide.
What Is a Louisiana Professional Solicitor Bond?
A Louisiana professional solicitor or fundraiser bond protects charitable organizations from loss or damages due to mismanagement of funds or inappropriate solicitation activities.
The Louisiana Department of Justice, Consumer Protection Section requires this bond for any registered professional solicitor with custody of charitable funds.
How Much Do Professional Solicitor Bonds Cost in Louisiana?
A $25,000 Louisiana professional solicitor bond costs a flat rate of $375 for the 1-year term. No credit check or application is required.
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SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Professional Fundraiser Bond?
The Louisiana Department of Justice requires this bond for all professional fundraisers or solicitors that have control over funds made to charitable organizations.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Louisiana professional solicitor bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the original bond form with the Louisiana Department of Justice, Consumer Protection Section as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Louisiana Professional Solicitor Bond Work?
As with all surety bonds, a professional solicitor bond creates a legal contract between three parties:
- Principal: You, the professional solicitor filing the bond
- Obligee: The Louisiana Department of Justice, Consumer Protection Section requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding Louisiana Revised Statutes § 51:51:1901.
If you mishandle solicited funds or commit fraud, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
To renew your professional solicitor bond, simply pay your renewal invoice when prompted. We’ll begin contacting you by phone and email 90 days before the expiration date.
After renewing, you’ll receive a continuation certificate to file with the state as proof of ongoing coverage.
