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Expert Surety Bonds Since 2004
Need assistance? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Expert Surety Bonds Since 2004
A Pennsylvania ticket reseller's bond is a license bond, filed with the government office that issues your resale license, not with a venue or a ticket platform. Get the required amount and bond form from that office first, then the bond can be quoted and issued so your license file is complete.
Pennsylvania regulates reselling tickets to places of amusement for profit under the act of May 2, 1947 (P.L. 143, No. 62), which provides for licensing persons who resell such tickets for profit and for suspending and revoking those licenses. The act was amended in 2007 by Senate Bill 86, Act 32 of 2007. The reseller posts this bond as the licensee. Confirm the current bond amount, obligee name, form and filing steps with the licensing office before the bond is issued.
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The act of May 2, 1947 (P.L. 143, No. 62) regulates the sale and resale for profit of tickets or other devices for admission to places of amusement. Its title describes licensing of persons who resell those tickets for profit, suspension and revocation of licenses, duties on licensees and on owners and operators of places of amusement, and penalties. Senate Bill 86 of the 2007 session, approved as Act 32 of 2007, amended the act's provisions on reselling tickets and printing prices on tickets.
The act's title assigns powers and duties to the Department of Revenue, county treasurers, district attorneys, and in a city of the first class the receiver of taxes and the city solicitor. Ask the office that will issue your license who must be named as obligee and whether it has its own bond form, so the bond matches what that office expects.
The City of Pittsburgh requires an annual Ticket Reseller License under Chapter 726 of its City Code for anyone reselling tickets for sporting and cultural events at PNC Park, PPG Paints Arena or Heinz Field. That city license is separate from the state act. The city asks for a government issued photo ID and a Tax Compliance Letter from the City Department of Finance. Ask the city whether it requires any security of its own.
A license bond guarantees that the reseller will follow the law it is licensed under. If the reseller breaks that law and someone suffers a loss, a claim can be made against the bond. The surety pays a valid claim up to the bond amount and the reseller must repay the surety.
Have the licensing office confirm the bond amount, the exact obligee wording, the bond form and how the original is filed. Premium is set by the surety based on the bond amount and the applicant's credit.
The act of May 2, 1947 (P.L. 143, No. 62) provides for licensing persons who resell tickets to places of amusement for profit. It was amended in 2007 by Act 32 of 2007.
The act assigns duties to the Department of Revenue, county treasurers, district attorneys, and in a city of the first class the receiver of taxes and city solicitor. Confirm with the issuing office who is named as obligee before the bond is written.
No. The City of Pittsburgh separately requires an annual Ticket Reseller License under Chapter 726 of its City Code for resale of tickets to events at PNC Park, PPG Paints Arena and Heinz Field.
The licensing office sets the amount it requires. Confirm the current figure and form with that office first. Premium depends on the bond amount and the applicant's credit.
The surety looks into it and pays a valid claim up to the bond amount. The reseller then has to repay the surety.
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