- To process your BMC-85 surety trust quickly, the bond company needs information from the tax and legal documents of your business. You need to provide your Employer Identification Number, or EIN, to the trust company, as well as the legal name of your business. Trust companies also need a copy of your federal Department of Transportation, or DOT, operating license or your DOT number. Certain trust companies require copies of any past BMC-85 bonds you possessed.
- Fill out a BMC-85 form before applying to a surety bond company. Use only Federal Motor Carrier Safety Administration BMC-85 forms provided by the Department of Transportation to apply for your BMC-85 surety trust. The forms are available on the administration's website for downloading. The form requires your name, address and the name of your BMC-85 financial institution. The Federal Motor Carrier Safety Administration-approved form prevents any delay to your BMC-85 processing resulting from incomplete information.
- Certain financial companies may offer payment plans for obtaining the full $10,000 needed for the BMC-85 surety trust. For example, a finance company may charge $250 per month, excluding interest, to issue your BMC-85. This payment method requires a credit check and approval from the credit department of the financing company. To get your BMC-85 the fast way, you need the full $10,000 in cash at the time of application. You may use a check, but this takes more time due to check processing.
- Witnesses are required to complete the BMC-85 application process. Both the trustee and trustor are required to bring at least one witness to the signing of the document. Obtain your witness before visiting your financial institution and submitting your BMC-85. Looking for witnesses takes time and may delay BMC-85 processing.
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