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BMC-84 vs. BMC-85: Freight Broker Bond or Trust?

A bond and a trust serve the same federal financial security purpose, but the way you fund and maintain them is different.

BMC-84: the surety bond approach

You pay a premium to a surety, which undertakes the bond obligation. Underwriting determines eligibility, terms, and possible collateral. A paid claim can create a duty to reimburse the surety under the indemnity agreement.

BMC-85: the trust approach

A trust must hold $75,000 in qualifying assets and have an eligible provider. Ask the trustee to explain funding, administration charges, liquidity, and release terms. Review current federal requirements rather than assuming every institution can act as a trustee.

What changed in 2026?

The updated rules, effective January 16, 2026, address available financial security, provider notifications, financial failure, and trust-provider eligibility. Ask your provider to explain how it complies. FMCSA does not endorse a particular bond or trust company.

Switch without assuming the filing is automatic

The new provider must submit the appropriate electronic filing. Coordinate the replacement and check acceptance and operating authority status. Give your agent your current provider information and any cancellation notice.

Which option is appropriate for my business?

Consider the cash needed upfront, premium or administrative fees, underwriting conditions, collateral, claim handling, and ongoing obligations. HIA can help you request a BMC-84 quote so you have actual proposed terms to review.

Official resources

FMCSA broker registration · Financial responsibility FAQs

Reviewed October 7, 2026. Approval, pricing, and terms vary by applicant and provider. This resource is not affiliated with FMCSA or Jet Surety.