http://www.annachrisfreightbrokers.com/928355_BMC85_.pdf WebSep 16, 2014 · The technical terminology for the BMC-85 is: Broker’s or Freight Forwarder’s Trust Fund Agreement under 49 U.S.C. 13906. The BMC-85 trust fund option requires …
The New $75,000 Freight Broker Bond Requirement
WebA BMC 85 trust fund agreement may be used instead of filing a BMC 84 Bond. A freight broker surety bond is for $75,000. In addition to filing the appropriate form in the OP-1 series, all applicants for motor carrier, forwarder, and broker authorities must have specific insurance and legal process agent documents on file before the FMCSA will ... WebNov 22, 2016 · A BMC-85 trust agreement requires freight brokers to provide $75,000 of collateral up front, to be held in a trust for the duration of their license. The collateral is held by a bank or trust company and … dr holly rothermel
What is Freight Forwarder (FF) Number in Trucking?
WebJul 27, 2024 · FORM BMC-85 - Broker’s or Freight Forwarder’s Trust Fund Agreement under 49 U.S.C. 13906 or Notice of Cancellation of the Agreement BMC-85 7-25-22 508.pdf (130.64 KB) About this Document WebA BMC-84 surety bond or a BMC-85 (Trust Fund Agreement) in the coverage amount of $75,000 is required for all Freight Forwarder and Broker of Freight authorities. Freight … WebJan 11, 2024 · It is also commonly referred to as a trust bond, trust fund agreement, or BMC-84; previously, the bond requirement fund level was set at $10,000. ... The phased-in enforcement period gives brokers, … dr holly sheldon baystate