The FMCSA just released a notice with further guidance of the self-executing provisions of MAP-21 that take effect on October 1, 2013. Although the federal register notice indicates they will not begin enforcement of the increased surety requirement until November 1, it does state you MUST be in compliance on October 1, 2013 to avoid [...]
WELCOME TO PFA
The Largest Issuer of BMC-85's in the Nation.
We issue BMC-85 Property Broker Trust Fund Agreements to qualified brokers satisfying the FMCSA Transportation Property Broker surety requirement.
When you're ready to become a transporation broker, we're ready to earn your trust by taking care of the FMCSA's bonding requirement and issue a BMC-85 Property Broker Trust Fund Agreement. Only in a BMC85 issued through Pacific Financial are your interests truly provided for and your money protected. In a BMC-84, a claims adjuster working for some insurance company is empowered to make decisions regarding claims and they may be made without your input or knowledge. This will not happen with a BMC 85 issued through Pacific Financial.
Contact our dedicated and experienced underwriting staff today and discover why we are the largest. Call today and Pacific Financial will issue a BMC-85 to satisfy the Federal Motor Carrier Safety Administration (FMCSA) bonding requirements and make you an active transportation broker. With us your future and potential are unlimited! Learn More
PFA Will Make This Work For You
As you are aware, legislation was proposed this year to increase the broker surety requirement to $100,000. Similar language had been considered a number of times in the past but never passed through committee in congress.
Continuing Bond Increase Danger
As some of you are well aware, the attempts of the largest transportation brokers in the country to increase the FMCSA bonding requirement for licensed property brokers from $10,000 to $100,00 still persists despite the failure of Senate bill, SB 3483, in 2010.
Common Broker Bonding Misconceptions
There are a number of significant misconceptions regarding which property broker surety instrument provider any current or prospective truck broker might choose to satisfy the FMCSA bonding requirement.
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