broker surety bond

Broker organization sues over hike in bond requirement

AIPBA alleges FMCSA violation of the Administrative Procedure Act, given the agency did not conduct rulemaking to raise the minimum required broker bond from $10K to $75K, slated to go into effect October 1.

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ATTN brokers: Poll on broker bond being circulated

The Association of Independent Property Brokers and Agents is circulating a poll on LinkedIn meat to probe thoughts of current members of the Transportation Intermediaries Association on the highway bill measure to increase the minimum broker surety bond requirement to $75,000. We reported on the measure as it was in conference between House and Senate and set to raise the bond to $100,000, an amount both the TIA and Owner-Operator Independent Drivers Association favored. The AIPBA ...

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