§ 22-3226.03

D.C. Code § 22-3226.03

Surety bond requirements for telephone solicitors.

Effective Jun 8, 2001Dec. 1, 1982, D.C. Law 4-164, § 126c; as added June 8, 2001, D.C. Law 13-301, § 102, 47 DCR 7039
  1. (a) The application for registration or renewal shall be accompanied by a surety bond in the amount of $50,000. The bond shall provide for the indemnification of any person suffering a loss as the result a violation of this subchapter.
  2. (b) The surety may terminate the bond upon giving a 60-day written notice to the principal and to the Mayor.
  3. (c) Unless the bond is replaced by that of another surety before the expiration of the 60-day notice of cancellation, the registration of the principal shall be treated as lapsed.

History

Dec. 1, 1982, D.C. Law 4-164, § 126c

as added June 8, 2001, D.C. Law 13-301, § 102, 47 DCR 7039

Log InSign Up