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SURETY BOND BLOG

Monthly Archives: February 2009

28
Feb
2009

Changes For Mortgage Broker Bonds & Mortgage Lender Bonds

New state legislation is changing the way many brokers and lenders will conduct future business, as there have been numerous changes in 2008-2009 timeframe which will affect mortgage brokers and mortgage lenders. First, a primary change will be the increased required bond amounts along with tighter regulations that will be imposed on business transactions and read more »




24
Feb
2009

Stimulus Package: Pros & Cons For The Construction Industry

The stimulus package is absolutely gigantic. So much so, I thought I would create a list of pros and cons related to the construction industry pertaining to the bill. Many of the cons are items that the industry was pushing for, but did not get. Overall, the bill looks like a victory for the construction read more »




24
Feb
2009

Insurance and Surety Concerns For 2009 State Legislatures

Along with many other issues, The 2008 November Presidential election and economy has changed some of the makeup of the state legislative agendas. Like the battle of some in Congress to the industry’s use of information from credit reports, limitations on the use of credit scores are likely in many states in which the Democrats read more »




22
Feb
2009

The Uniform Trust Act

In recent years trusts have been used more frequently, both in family estate planning as well as commercially in transactions. Along with the greater use of trusts came the understanding that trust laws were varied greatly from state to state and were considered thin at best. In an attempt to codify generally practiced and accepted read more »




20
Feb
2009

Considerations when shopping for Surety Bonds

As a consumer of any type of purchase, the first thing that comes to mind for consideration is the final cost of the product. This same methodology rings true when shopping around for your surety bond needs, but this should not be the purchaser’s only concern. Aside from the bottom-line cost of the bond, there read more »




18
Feb
2009

Stimulus Package Impact On Surety Bond Industry

The Federal government’s stimulus package will no doubt impact the surety industry. Will it mean business as usual for contract bond agents or a boom like we have never seen before? The sheer size of the bill is absolutely daunting to put it lightly. The bill includes roughly 130 billion in funds towards construction related read more »