Freight Broker Bond
A freight broker bond, also known as a BMC-84 bond, is a license and permit bond that is required of all freight brokers by the FMCSA during the freight broker registration process. A Texas freight broker bond is meant to protect shippers and motor carriers by compelling freight brokers to comply with their contractual obligations. A freight broker bond is purchased through a surety bond company, who in turn promises to pay in the event the freight brokers fail to meet their contractual obligations.
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