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SURETY BOND BLOG

Monthly Archives: May 2010

31
May
2010

Washington County Treasurer Bond

SB 5354 is a new Washington State law that was enacted relating to a county public hospital capital facility. The new law directs the county treasurer to serve as the treasurer for a county public hospital capital facility. It also authorizes the hospital’s commission to choose and appoint its own treasurer, who must acquire a read more »




31
May
2010

Washington Mortgage Broker Bond

Mortgage brokers must abide by a new bill that was enacted in Washington State. The new bill, which is labeled HB 1749, addresses mortgage brokers, who are required under present legislation to be licensed and bonded. The previous law required a license bond in a quantity ranging from $20,000 to $60,000. HB 1749 terminates the read more »




30
May
2010

Texas Carbon Dioxide Well Bond

The State of Texas introduced a new law relating to anthropogenic carbon dioxide. The new law is titled SB 1387 and provides for the injection and geologic storage of anthropogenic carbon dioxide, which is carbon dioxide that has been stripped, segregated, or separated from any other fluid flow or was harvested from an emission source read more »




29
May
2010

Wyoming Uniform Consumer Credit Code Bond

HB 169 is a new Wyoming State law that concerns any organizations that are licensees under the Uniform Consumer Credit Code. The new law requires all organizations that are licensees under the state Uniform Consumer Credit Code to acquire a surety bond to cover individual mortgage loan originators in employment or under contract with the read more »




28
May
2010

Wisconsin Mortgage Loan Originator Bond

Mortgage loan originators must abide by a new law in the State of Wisconsin. The new law is named SB 62 and is an omnibus spending bill that includes numerous measures, including the State’s integration of the new federal requirements for mortgage loan originators pursuant to the federal S.A.F.E. Mortgage Licensing Act. The bill altered read more »




27
May
2010

Vermont Milk Handler Bond

Vermont State introduced a new bill concerning milk handlers. The new bill is named SB 89 and it modified the quantity of the surety bond or letter of credit required under present law for milk handlers. The previous law stated that the surety bond had to be in a quantity equivalent to 50% of the read more »