Get the free FMCSA Form BMC-85. Broker or Freight Forwarder's Trust Fund Agreement under 49 U.S.C...

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FORM BMC85OMB No.: 21260017 Expiration: 02/28/2022USDOT Number:Date Received:Please note, the expiration date as stated on this form relates to the process for renewing the Information Collection

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How to fill out fmcsa form bmc-85 broker

01

To fill out FMCSA Form BMC-85 broker, follow these steps:

02

Start by downloading the form from the official FMCSA website.

03

Read the instructions carefully to understand the requirements and obligations of a broker.

04

Provide your legal business name, address, and contact information in the designated fields.

05

Indicate the type of entity you are (e.g., corporation, partnership, sole proprietorship).

06

Fill out the information regarding your insurance coverage, such as the name of the insurance company, policy number, and coverage amount.

07

Enter the name and address of the surety company that will issue the bond if applicable.

08

Provide the required financial information, including assets, liabilities, and net worth.

09

Complete the signature section by signing and dating the form.

10

Review the completed form to ensure accuracy and completeness.

11

Submit the form to the appropriate address provided in the instructions.

12

Note: It is recommended to consult with a legal professional or insurance agent familiar with FMCSA regulations before filling out the form to ensure compliance.

Who needs fmcsa form bmc-85 broker?

01

FMCSA Form BMC-85 broker is required for individuals or entities who want to operate as a freight broker in the United States.

02

It is specifically needed by individuals or companies that broker transportation services for compensation and arrange contracts between shippers and carriers.

03

The form serves as proof of financial responsibility and provides protection to shippers and carriers in case the broker fails to fulfill their contractual obligations.

04

FMCSA requires brokers to obtain either a BMC-85 trust fund agreement or a BMC-84 surety bond to demonstrate their financial responsibility.

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What is fmcsa form bmc-85 broker?

The FMCSA Form BMC-85 is a broker’s surety bond form that must be filed by freight brokers to obtain the necessary authorization to operate within the trucking industry.

Who is required to file fmcsa form bmc-85 broker?

Freight brokers who are seeking to become licensed and operate legally in the United States are required to file FMCSA Form BMC-85.

How to fill out fmcsa form bmc-85 broker?

To fill out FMCSA Form BMC-85, brokers must provide accurate information including their legal business name, address, and details of the surety bond, then sign and submit the form to FMCSA.

What is the purpose of fmcsa form bmc-85 broker?

The purpose of FMCSA Form BMC-85 is to ensure that freight brokers have a surety bond that protects clients and carries a financial guarantee for the broker's business operations.

What information must be reported on fmcsa form bmc-85 broker?

FMCSA Form BMC-85 requires the broker to report their name, business address, the amount of the bond, and details of the surety company providing the bond.

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