SURETY BOND BLOG

Monthly Archives: September 2009

Effective July 1, 2008, correspondent lenders in Connecticut now follow the same bond requirements as mortgage lenders and brokers, according to the HB 5577 enactment. The bond amount is also increased from $40,000.00 to $80,000.00. There are new regulatory requirements for mortgage brokers and lenders. The law specifies new permissible and prohibited actions for mortgage read more »

Delaware passed a new law, SB 168, effective upon enactment on May 15, 2008 in reference to requirements for hazardous waste facilities. If ownership of a hazardous waste facility is being transferred, the party seeking to transfer must provide all appropriate findings to the Department of Natural Resources and Environmental Control and the other party read more »

There is new law named HB 7985/SB 2743 in the state of Rhode Island which affects guardians. The new alterations to the existing law permit waiver of surety on the guardian’s bond despite the worth of the ward’s estate. Before the new modifications, the law required a bond for estates that were worth at least read more »

The state of South Dakota has enacted a new law titled SB 44. The new grain dealer law alters the amount of the surety bond required from grain dealers, now referred to as grain buyers under SB44. Under the former law, the required surety bond amount was $50,000. The new law establishes two license classifications read more »

A nuclear renaissance has begun in this country. Here is a cursory overview of what is coming and when, respectively: “Proposed New Nuclear Power Plants” and “First Wave or Second Wave?”. As you can see, the plans span decades. That is because nuclear energy facility construction requires years of wide-ranging and comprehensive planning, licensing and read more »