What Was Map 21 Designed to Do?
--Brokers Bond increases to $75,000 49 USC 13903 & 4 then Sec 32918
--Insurance companies will probably no longer issue BMC 84 as they become “personally liable” for loss
--Group Bonds now available to spread the risk
--Broker required to have “training” or prove 3 years prior brokering experience to qualify for License Sec 32916
--LoadTraining.com Certification process meets and exceeds any training requirements stated at this time (except brokering of household goods)
--BROKERS have to reapply every 5 years for Bond and License Sec 32917
--PENALTIES for non-compliance. Sec 32918 (7) ; 32919, 14916
--NOT TO EXCEED $10,000 PER LOAD
Rumored ONE DING (FAILURE TO PAY) BROKER MAY REAPPLY AFTER 5 YEARS
BROKER PERSONALLY LIABLE FOR ALL DEBTS IF FAILED, RE INSTATEMENT IMPOSSIBLE WITHOUT PAYMENT OF PAST BROKERING DEBTS.
INDIVIDUAL BROKERS and their families scrutinized to eliminate churners
A MOTOR CARRIER brokering without License , subject to reduction in rating
Other Bonds Available