Statutory provisions resulting from enactment of Public Law 112-141 (also known as “Moving Ahead for Progress in the 21st Century Act’’ or ‘‘MAP–21’’) require sureties issuing bonds to property brokers and freight forwarders to take certain steps when a bond principal experiences “financial failure or insolvency.” The requirements include among other things:
- Giving of notice of bond cancellation (termination)
- Public advertisement for claims for 60 days, beginning on the date of publication by the Secretary of Transportation of the notice to cancel financial security
- Payment of uncontested claims received during such period or payment of pro-rata shares of such claims if the total amount of such claims exceeds the financial security available not later than 30 days after the expiration of such period
Check on Brokers in Claim Status
To view the public advertisement of brokers in claim status, and their expiry dates, click here.
Filing a Claim Against a Property Broker
Check the Status of a BMC-84 Bond
If you would like to check the status of a bond, visit the FMCSA website and enter the MC number or the name and state for the company you are trying to locate. To check on the status of a bond, click here.