Pacific Financial Association, Inc. issues BMC 85 Property Broker Trust Fund Agreements to qualified brokers to satisfy the FMCSA Transportation Property Broker $10,000 surety requirement.
We are authorized by the Federal Motor Carriers Saftey Administration (FMCSA) as a Financial Institution to issue BMC-85 Property Broker Trust Fund Agreements pursuant to 49 CFR § 387.307 under Filer No: 22512.
We are licensed as a Finance Lender by the California Department of Corporations. (File No: 603 9892)
Pacific Financial Association, Inc. was founded in 1998 by J. Penny Larson, who currently serves as the firm’s CEO. Ms. Larson has demonstrated extensive expertise in financial matters, having been directly responsible for the sale of over $3 billion in commercial paper and other government assets. She has worked as a consultant on a number of IMF and World Bank projects. Ms. Larson increased her familiarity with the transportation industry when she directed the purchase, analysis, packaging, and marketing of a large block of non-performing financial obligations consisting of transportation industry debt instruments.