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SURETY BOND BLOG

Monthly Archives: January 2010

31
Jan
2010

Arkansas Oil and Gas Commission Bond

In Arkansas, the Director of Production and Conservation of the Oil and Gas Commission has been affected by a new law concerning bond requirements. The new law which is named HB 1580 abolished the surety bond requirement for the Director of Production and Conservation of the Oil and Gas Commission. The prior law stated that read more »




30
Jan
2010

Arkansas Financial Assurance Bond

In the state of Arkansas, a new law was enacted relating to financial assurance. The new law, which is titled HB 1424, demands financial assurance for the shutting down and restoration of sites in the state where fluids produced or used throughout examination or production phases of oil or gas processes are stocked or disposed read more »




29
Jan
2010

Connecticut Debt Adjusters Bond Requirement Update

On 01/30/2009, debt adjusters were impacted by a new bill in Connecticut. Labeled HB 6327, the new law modified the bonding requirements for licensed debt adjusters. With the previous law, the surety bond quantity required was the greater of $40,000 or double the amount of the highest total payments from Connecticut debtors in a single read more »




28
Jan
2010

Colorado Power Sports Wholesaler Bond

On 01/07/2009 the state of Colorado introduced a new bill pertaining to power sports wholesalers. Named HB 1026, the new bill requires power sports vehicle wholesalers to abide by the existing law for power sports vehicle dealers. HB 1026 requires a license surety bond, a savings account, deposit or a certificate of deposit in the read more »




27
Jan
2010

Arkansas Pest Exterminators Bond Requirement Update

Arkansas pest exterminators must follow a new bond requirement as of July 1st, 2009. The new law, which is labeled HB 1359, amplifies the license bond amount for exterminators of termites and structural pests from $50,000 to $100,000. HB 1359 did not affect the quantity of the surety bond for exterminators of residence pests and read more »




26
Jan
2010

Alabama Mortgage Broker Bond

Mortgage brokers must abide by a new law in the state of Alabama which was introduced on February 3rd, 2009. The new law, named SB 232, allows the State Banking Department to demand mortgage brokers to obtain a surety bond as a replacement for meeting the existing net worth requirements. The State Banking Department will read more »