WAC 208-630-240. What is the amount of bond needed for licensees engaging only in check selling?

The penal sum of the surety bond for a person with a check seller license shall not be less than the amount established in the following table: Highest Monthly Liability* Required Bond Plus Percentage of Excess Up to $50,000 Highest Monthly Liability or $10,000, whichever is greater $0 $50,001 to $100,000 $50,000 .5 above $50,000 $100,001 and above $75,000 .25 above $100,000 Highest Monthly Liability* Required Bond Plus Percentage of Excess Up to $50,000 Highest Monthly Liability or $10,000, whichever is greater $0 $50,001 to $100,000 $50,000 .5 above $50,000 $100,001 and above $75,000 .25 above $100,000 * The monthly liability is the total sum of checks for a given month. The "highest monthly liability" shall be determined by multiplying the highest monthly liability of checks from the preceding calendar year by seventy-five percent. * The monthly liability is the total sum of checks for a given month. The "highest monthly liability" shall be determined by multiplying the highest monthly liability of checks from the preceding calendar year by seventy-five percent.