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SURETY BOND BLOG

Monthly Archives: April 2010

30
Apr
2010

Oregon Special Events Brewery Bond

New legislation was introduced on 2/3/2009 in Oregon State relating to special events brewery public house licenses. The new law, which is referred to as HB 2528, requires a $300,000 liquor liability policy or a surety bond in order to acquire a special events brewery public house license for public proceedings anticipated to draw more read more »




30
Apr
2010

Nevada Off-Highway Vehicle Dealer Bond

There is a new bill that was enacted concerning off-highway vehicle dealers in Nevada State. Named SB 394, the new law requires a $50,000 surety bond from a corporate surety for off-highway vehicle dealers, lessors and manufacturers. The surety bond is conditioned on cooperation with the new law and that the licensee will operate its read more »




29
Apr
2010

North Dakota Mortgage Originator Bond

North Dakota state has written a new law concerning mortgage originators. The new law, which is referred to as SB 1260, requires mortgage loan originators to be covered by a surety bond. The originator must acquire a surety bond or has the option to use the surety bond of their employer. When the law was read more »




29
Apr
2010

Oklahoma Office of State Finance Bond

Employees of the Office of State Finance are affected by a new law that was enacted in the state of Oklahoma. The new law is named HB 2015 and alters the surety bond required of officials and staff of the Office of State Finance sanctioned to approve claims and payrolls. HB 2015 boosts the surety read more »




28
Apr
2010

Nevada Family Trust Bond

New legislation was introduced in Nevada State relating to family trust companies. The new law is titled SB 365 and regulates the family trust companies. The new legislation requires the company’s directors or managers to acquire fidelity bonds in quantities that they will establish to cover functioning officers, managers, members acting in administrative capacity, in read more »




28
Apr
2010

Oregon Liquor License Bond

In Oregon, a new bill was introduced relating to winery licenses and brewery licenses. The new bill, which is titled HB 2247, fortifies the consumer protections of the surety bond or insurance required in relation to winery licenses, brewery licenses and grower sales privilege licenses when the licensee supplies alcohol on its property. HB 2247 read more »