Attention Brokers & Freight Forwarders!
Affordable $75,000 Bond and Trust Options
All brokers and freight forwarders are required to have a $75,000 bond or trust.
For SPA and qualified association members, we have secured a preferred discount of 25% which means qualified brokers can obtain a bond for a yearly rate of as low as $1,500. Through our Broker’s Trust Division, we have prevailed upon Pinnacle National Bank, an FDIC insured bank, to offer a $75,000 bank trust to members that wish to fully collateralize the bonding obligation.
We believe that helping our members comply with federal regulations is our core mission.
The Agency published guidance on MAP-21.
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CLICK HERE for Frequently Asked Questions
For bond and bank trust applications, please see below. Please direct any questions to brokers@processagents.net.