What is a Pennsylvania Professional Solicitor Bond?
Pennsylvania Professional Solicitors as defined in the Pennsylvania Solicitation of Funds for Charitable Purposes Act are required to furnish a $25,000 surety bond (BOND - FORM BCO-160) for the use of the Secretary, Attorney General or any individual having a cause of action against the principal. The bond is conditioned upon the registered professional solicitor's compliance with the provisions of the laws of this Commonwealth and the rules and regulations established by the Bureau of Charitable Organizations in the solicitation of funds for charitable purposes.
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