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SURETY BOND BLOG

Monthly Archives: October 2005

31
Oct
2005

Why Do I Need A Surety Bond For My License?

There are thousands of different surety bonds in the United States alone. One of the most common types are license bonds. Simply put, these bonds are required by the government in order to obtain a license to legally operate a business. Often, people ask, “Why Do I Need A Surety Bond For My License?”. To read more »




28
Oct
2005

buySAFE Expands The Surety Bond Market

The surety bond market is currently conservative and hesitant to write anything out of the ordinary. It is rare to hear about bonding companies taking risks on new ideas, especially ideas that involve new technologies. Suretyship, in general is behind the times. I was pleased and surprised when I heard about buySAFE, a program to read more »




27
Oct
2005

Georgia Proposing To Increase Dealer Surety Bond

The state shut down a bill in 2004 to increase the dealer surety bond amount from $20,000 to $50,000. The argument for the increase is to better protect consumers purchasing vehicles from fraud. The argument against the increase is from the dealers trying to do what they can to keep their costs down, citing some read more »




26
Oct
2005

Mortgage Broker Bonds: Will Other States Follow Colorado’s Lead?

The Colorado Association of Mortgage Brokers’ has proposed a requirement of a $100,000 surety bond to be filed with mortgage brokers’ licenses. The state is one of few that do not currently require a bond. Most are welcoming the idea with open arms, as it should help protect the state and it’s citizens against mortgage read more »




18
Oct
2005

Learning The Importance Of Bonding, The Hard Way

Sometimes people won’t listen to solid advice unless it directly effects them. Unfortunately, some people simply need to learn the hard way before they make more sound decisions. This can be seen almost every time suretyship makes its way to the news. Since surety bonds are not the most exciting thing in the world, you read more »