Colorado Paid Solicitor Bond Requirements
Effective August 10 2016, the state of Colorado is requiring Paid Solicitors (for charitable organizations) to carry a minimum $15,000 bond. This change in law is a result from the passage of House Bill 16-1129 during the 2016 General Assembly. The Paid Solicitor Bond ensures that a solicitor will not misrepresent the charity or commit charitable fraud. This would include: misrepresenting the organizations membership and/or leading donors to believe that donating to a charity