Paid Solicitors (for charitable organizations) operating in Colorado must post a $15,000 surety bond to ensure compliance with state guidelines and regulations. The surety bond is mandated for registered paid solicitors in Colorado or those applying for registration with the Colorado Secretary of State in accordance with section 6-16-104.6 (1) (b), C.R.S. The registration is conditioned upon furnishing a surety bond in the sum of fifteen thousand dollars issued by a corporate surety licensed to do business with the State of Colorado. The bond obligates the principal to perform in good faith as a paid solicitor without fraud and in full compliance with provisions of article 16 of title 6, C.R.S. If damages are suffered by a charitable organization or donor as a result of the principal’s actions while soliciting contributions, an action may be taken against the bond.
