Posted by Charles Pratt on 12/29/09 9:53pm
Msg #316055
Bonding Issues in Maryland
Are there any notaries out there in Maryland that would be willing to share the clientelle I have built up? I received some bad information from the Insurance Commission and from my Insurance Agent which caused me to turn in my Title Producing License because my Insurer dropped me when I attempted to increase my bond that was not due to expire until September 2010. Therefore, I am effectively out of business. I am constantly receiving calls to do work, but am unable to do so. I need a sponsor for the bond. I can pay for the insurance costs on my own. I have an excellent record with all of the companies I have worked for and even have a few letters of recommendation. We can discuss details based upon what you are able to provide in the way of assistance. Thanks for your time.
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Reply by Charles Pratt on 1/1/10 8:52pm
Msg #316388
Ilene,
Thank you for the information. I was aware of not being able to work under someone else's personal bond. However, the way I structured my company was to have both myself and my company listed as Title Producers but pay only for the sole employee, me. So what I was asking really is anyone else set up as an LLC or similar firm, other than a sole proprietorship, that could take on employees under their firm's bonding. What are your thoughts on that? Thank you,
Charles T. Pratt
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