Brokers BOC3 Application. What is it? And what are its benefits?

What is a BOC3 application

If you are going to start a new broker firm, then the first thing for you to do is to acquire a BOC3 form. A BOC3 is an essential requirement for any anyone starting a broker firm. According to US federal law, a BOC3 is filed to designate a person or a company to act as a Service of Person (SOP) agent. When a brokers BOC3 application is submitted to the Federal Motor Carrier Safety Administration (FMCSA), the FMCSA will grant that broker authority to operate in the state in which the designated SOP agent is physically present and has an office and designated timings. This SOP agent is authorized to receive legal documents on your behalf and is also liable to submit them on your behalf.

How to file a BOC3 application

In case of a motor carrier, filing is done online which is done by the process agent. But, if you are a broker you can file the form yourself as a paper copy. Following is the information required on the form

  1. Full name and address of carrier
  2. The name of SOP agent and address for each state, listed individually or a blanket designation.

A blanket designation is the naming of a company or an organization which will act as the SOP agent for the broker in each and every state of USA and District of Colombia.

The price for an SOP agent varies from person to person or organization to organization (in case of a blanket designation). Some charge an annual fee, while some charge for additional compliance services. A brokers BOC3 application can name an organization to act as an SOP agent, and after processing, can acquire a blanket designation.

 Once a BOC3 application is electronically filed with the FMCSA, an operating authority document will be issued by the FMSCA within 3-4 business days. If you don’t receive the authority document within 10 business days, you can contact the FMCSA on their website.

Benefits of working with an organization

First of all, the main benefit of working with an organization is that a broker will get a blanket designation, which means that he can operate in each and every US state. Secondly, an annual fee will be charged from the broker firm and no hidden and additional compliance charges will be demanded. Lastly, having a blanket agent will provide the broker with immediate notifications of prompt changes on the ground, changes in regulatory, and help in maintaining good standing with FMCSA.

You can also act as your own agent, but then you will only be eligible to work as an SOP agent in your own state. For other states, you have to hire a new SOP agent. It is best to have a blanket agent so that you get your information form only one source.

When looking for an SOP agent, always looking for someone that is trained in the service of process within the transportation industry and can ensure the secure and prompt handling of all documents. Also, it is always best to have an SOP agent that is available during all business hours and has a discreet business address, so as to keep the process service away from your business.

A brokers BOC3 application should always be handled by a professional, and, in this regard, A+ process of Application, Inc. is an organization which handles BOC3 applications for broker firms and act as a blanket SOP agent. They have many years of experience and their only concern is customer satisfaction.

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