Quick answer
A BMC-84 is the surety bond a freight broker files with FMCSA, with a federal minimum of $75,000. It gives carriers and shippers a way to claim if a broker fails to meet its obligations. A BMC-85 trust fund agreement is an alternative form of financial security.
Last updated
← Freight and trucking glossary
BMC-84 (broker bond)
A BMC-84 is the surety bond a freight broker files with FMCSA, with a federal minimum of $75,000. It gives carriers and shippers a way to claim if a broker fails to meet its obligations. A BMC-85 trust fund agreement is an alternative form of financial security.
Related
General information, not legal advice. See the full glossary for more terms.