Freight Broker Bond
A freight broker bond is required by the Federal Motor Carrier Safety Administration (FMCSA) in order for motor carriers to operate as a transportation broker. The bond was formerly known as the Interstate Commerce Commission Bond, or ICC Broker Bond, or BMC -84 or Property Broker Bond. This bond is filed electronically with FMCSA. An MC number will be required at time of issuing the bond. The government issues a license, backed by a surety bond to provide financial responsibility in the transaction and that the broker will carry out their responsibility to both the owner of the freight and the shipping company.
Various names for the freight broker bonds
- BMC-84 Bond
- ICC Bond
- Property Brokers Surety Bond