Can I Be Charged for Storage of My Collateral?

Yes, but you can only be charged if the collateral was stored in a public storage facility. You are only liable for the actual storage fees charged to the bonding agent. The bonding agent is required to inform you of the storage fees you will be charged at the time the contract is negotiated. Remember, the agent must give you a receipt for the collateral.

By | 2020-01-03T05:31:16-07:00 January 3rd, 2020|