California Telephonic Seller License Surety Bond
All telephonic sellers operating within the State of California must register with the Attorney General not less than 10 days prior to doing business in California. The telephonic seller must file the specified information and a Telephonic Seller License Surety Bond in the amount of $100,000.00 for the purpose of covering consumer losses due to the actions of the Telephonic Seller.
A telephonic seller is deemed to be transacting business in the state if the seller solicits prospective purchasers from locations within California or solicits prospective purchasers who are located within the California.
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