Surety Bond Telephonic Seller (Page 2 of 4) in pdf

______________________________________________________________________________________

MAILING ADDRESS

______________________________________________________________________________________

CITY

STATE

ZIP CODE

and _______________________________, a corporation authorized to transact a general surety

(Name of Surety)

Business in the State of Arkansas, as surety, and whose address for service is

______________________________________________________________________________________

MAILING ADDRESS

______________________________________________________________________________________

CITY

STATE

ZIP CODE

are held firmly bound to the State of Arkansas in the penal sum of Fifty Thousand Dollars

($50,000), for the payment of which, we bind ourselves, our heirs, successors and assigns, jointly

and severally, firmly these presents.

WHEREAS, the provision of Act 137 of 1993 §13(a) require that the principal file or

have on file with the Consumer Protection Division a bond in the sum of $50,000, this bond is

executed and tendered in accordance therewith.

NOW, THEREFORE, the conditions of the foregoing obligation are that if the principal

complies with the provisions of the Arkansas Deceptive Trade Practices Act. Ark. Code Ann. §

4-88-101 et seq., and Act 137 or 1993 for regulation and registration of telephonic sellers, and

pays all sums, and pays all damages occasioned to any person by unlawful acts, or omissions of

the principal mentioned above, or of its agents or employees while action within the scope of

their employment, then this obligation is to be void; otherwise, it is to remain in full force and

effect.

PROVIDED HOWEVER, this bond is issued subject to the following express conditions:

1. This bond shall be deemed continuous in form and shall remain in full force and effect for all

liabilities incurred before, and for acts, omissions, or causes existing or which arose before,

the cancellation or withdrawal of the Surety from the bond.

2. This bond is executed by the Surety to comply with the provisions of Act 137 of 1993 and

the Arkansas Deceptive Trade Practices Act. Ark. Code Ann. § 4-88-101 et seq., said bond

shall be subject to all of the terms and provisions thereof.

3. The aggregate liability of the Surety hereunder on all claims whatsoever shall not exceed the

penal sum of this bond in any event.

Surety Bond Telephonic Seller Page 2