Bonding of Sales Agents

Each licensed person shall give a Bond for his or her faithful performance of his or her duties as a licensed sales agent in accordance with the provisions of law and 961 CMR 2.00. Failure to pay a Bond may be cause for non-issuance, nonrenewal, or revocation of a sales agents license. The Bond shall be in a form approved by the Director in such sums as shall be fixed by the Director.