Surety bond

What is this?

A paid solicitor bond is a compliance bond to protect against fraudulent activity and encourage compliance with the charitable solicitations law in Colorado. If the secretary of state determines that a paid solicitor has violated the Colorado Charitable Solicitations Act, the agency can make a claim against the bond with the surety company.

What can I attach as proof of a valid bond?

Download and complete the paid solicitor surety bond form (PDF) and then upload it to include with your application. You will need to attach the completed form for a registration and renewal. You may attach the form to an amendment, but it is not required.

Instead of the surety bond form, you can attach:

• An image of the original surety bond with the surety company's power of attorney and the signature of the surety's attorney-in-fact, or
• Evidence of savings, deposit, or CD account in the amount of $15,000 from a financial institution that names the Colorado Secretary of State as a beneficiary. [1]

What period must the bond cover?

The surety bond must cover the period of registration, so please confirm that it covers at least one year from the date you submit your application. If the application is returned for corrections, you will need to confirm that the bond still covers at least one year from the date of re-submission (this can be an issue when there is a long gap between the time a document is returned and the time it is re-submitted).

If you need to reinstate an expired registration, be advised that a reinstatement will change the expiration date to one year from the date the reinstatement is approved. Please confirm that the surety bond coverage dates align with the new registration period.

[1] 11-35-101, C.R.S.