FMCSA Rejects Petition to Exempt $75,000 Broker Bond

By Anitra Wolf | April 8, 2015

The Federal Motor Carrier Safety Administration has denied a request by the Association of Independent Property Brokers and Agents that all property brokers and freight forwarders be exempted from the agency’s $75,000 bond provision. The increase in the minimum bond requirement from $10,000 was a provision in the 2012 transportation law known as MAP-21. FMCSA…

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