No license shall be granted until the applicant has filed a bond with the secretary of state in the sum of $25,000, with sureties approved by the secretary of state, conditioned that he will properly account for and deliver to the person entitled, all moneys and things of value coming into his hands as an auctioneer and will conform to the laws relating to such auctions. All bonds required under this chapter shall be purchased from a reputable company authorized to do business in this state.

Required Information. The bond, extending at least for the term of the license, required by RSA 311‑B:8 shall be attached to the license application form.

*As of January 1, 2011 all bonds will be effective for 2 years, in the amount of $25,000*

*Insurance Companies: Please be sure that as of January 1, 2011, any new bonds are dated for 2 years and 1 month - this will allow the Board up to a month to approve any new license applications coming in.  Also, the prior expiration date of August 30th will still be effective for those who are currently licensed.*

Bond Sample
(Click on Bond Sample above to view a Sample Bond)
 

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