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SURETY BOND BLOG

Monthly Archives: April 2011

30
Apr
2011

Wyoming Surety Bond Requirement Changes

In the state of Wyoming, there were a couple changes when it comes to surety bonds in the last few months. The first change concerns circuit court judges and magistrates. A new law, named HB 123 repeals the original $5,000 surety bond required of circuit court judges and the $1,000 surety bond required of magistrates. read more »




29
Apr
2011

Utah Canceling Hundreds of Public Official Bonds

Utah legislatures seem to be trimming off quite a few surety bond requirements for various state officials. The officials that no longer need bonds to work legally include the treasurer of the regional grazing boards, employees of the Alcoholic Beverage Control Commission; the Labor Commissioner and the Labor Commission’s employees; the adjutant general, the property read more »




28
Apr
2011

Nebraska Real Estate Appraisal Bond

Nebraska state legislatures have recently been working on legislation concerning real estate appraisal companies and surety bond requirements. A new law was enacted, named LB 410, which requires real estate appraisal management companies to acquire a $25,000 surety bond to operate within the state legally; and this bond must be from a state authorized surety read more »




27
Apr
2011

How Performance Bonds Protect You from Perilous Kids (and Contractors)

As we end the month of drizzly April showers, flowers begin to make a reappearance and the dreaded season of lawn mowing begins. Thankfully, young neighborhood kids will seize this opportunity to make a few dollars, knocking on doors to offer their lawn mowing services as soon as the first few blades of grass sprout. read more »




21
Apr
2011

Surety Companies Fear Cumulative Bonds

It often seems individual’s both part of state and federal governments blindly enact guidelines affecting surety bonds with little knowledge on the subject. Some ill-advised changes were made to Indiana State law a few years ago concerning surety bond requirements; more specifically relating to public officials.




20
Apr
2011

Green Performance Bonds: The Green-Eyed Monster of Eco-Construction

Green construction focuses on building projects that use less energy, water and materials in the structures themselves. The green principles also apply to the construction techniques utilized in erecting a building by choosing the most efficient and least wasteful processes. While this revolution has already proven to be a great success in promoting eco-construction, it read more »