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SURETY BOND BLOG

Monthly Archives: December 2009

31
Dec
2009

Florida Money Transmitter Bond Amendment

In Florida, a new law was enacted relating to money services businesses titled SB 2158. The new law raises the required license bond requirement amount for money transmitters and would require licensure as oppose to the present registration requirements. The prior law had the Financial Services Commission establish the amount required which could be up read more »




29
Dec
2009

Florida Health Choices Performance Bonds

Introduced on March 6th, 2008, SB 2534 is a new law regarding a health insurance program in the state of Florida. SB 2534 creates the Florida Health Choices, Inc. for a statewide reasonably priced health insurance program. The new law also allows Florida Health Choices, Inc. to ask for performance bonds for its vendor contracts. read more »




29
Dec
2009

Georgia Manufacturing Gear Sales Tax Bond

On 01/31/2007, a new bill was enacted concerning tax bond requirements in the state of Georgia. The new bill, which is named HB 237, subjects manufacturing gear to the same sales and use tax requirement for manufacturing machinery and equipment. The present law permits a purchaser to acquire an exclusion from the taxes by getting read more »




23
Dec
2009

Closing For The Holidays!

Our office will be closing today, 12/23/09 at noon to give our employees a much deserved break. We will be reopening on Monday, 12/28/09 at 8:30am eastern time. We will then be closing again on 12/31/09 and 1/1/10 for the new year. It will be business as usual as of Monday, 1/4/10. Happy Holidays!




22
Dec
2009

Georgia City Officers & Employees Bond

Georgia state law has been altered by a new law which was added concerning city officers and employees. Titled HB 1033, the new law produces a new charter for the City of Edgehill. The charter asks both elected and appointed officers and employees of the city to post surety or fidelity bonds; they must follow read more »




21
Dec
2009

Idaho Loan Originator Bond Abolished

On 02/01/2008, the state of Idaho introduced a new law named HB 450 concerning loan originators. The new law eradicates the surety bond requirement in existing law for the loan originators. The law demanded a surety bond in the quantity of $10,000, which had to be issued by a state licensed surety. HB 450 will read more »