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Washington DC Solicitors are required pursuant to the Act of Congress approved July 1, 1032 (Public No. 237 72nd Congress) to file a Washington DC Solicitor Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Washington DC Solicitor Bond holds you accountable for your business decisions.
By possessing a Washington DC Solicitor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.