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Rhode Island telephone sales solicitor bonds.
From $300.
Before Rhode Island confirms a telephonic seller registration, the Telephone Sales Solicitation Act (R.I. Gen. Laws § 5-61-3.1) requires a security of at least $30,000. Pricing is 1% of the bond amount.
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Three steps. One sitting.
No underwriting queue for the standard $30,000 telephonic-seller bond — enter your amount, pay, and file with your registration. Here is the whole thing:
Apply online
Your business details, the bond amount required of you, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, so there is no waiting at the $30,000 level — the executed bond is generated as soon as you pay. A higher amount set by the state may get a quick review, which could include a soft credit pull that never affects your score.
File with your registration
Submit the executed bond with your telephonic-seller registration so the state can confirm it. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the telephonic-seller bond actually covers
Rhode Island's Telephone Sales Solicitation Act (R.I. Gen. Laws Chapter 5-61) requires a telephone sales solicitation operation or telephonic seller to register before doing business in the state. As part of that registration, § 5-61-3.1 requires the seller to file a security — a surety bond, letter of credit, or certificate of deposit — before a confirmation of registration is issued or re-issued.
The security is a minimum of $30,000, and the consumer protection unit may, at its discretion, set a higher amount "to ensure the general welfare of the public." A surety bond is the usual and cheapest way to satisfy it — you pay a one-time premium, starting from $300, instead of tying up the full amount in cash or a bank letter of credit.
The bond runs to the benefit of purchasers and indemnifies them for actual damages arising from the seller's violations of the Act; the statute is clear it does not limit any other right of recovery a buyer otherwise has under law. If the surety pays a claim, you repay the surety — it is a consumer-protection guarantee, not insurance for the seller.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount required of you — at the $30,000 level the executed bond is generated instantly, ready to file with your registration.
Start the application →Common questions.
Other Rhode Island bonds.
Telephonic-seller bond, issued today.
Pricing from $300. Enter the amount required of you and file with your registration the same day.