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SURETY BOND BLOG

Monthly Archives: April 2012

30
Apr
2012

Texas Talent Agency Bond Update

A couple of surety bond requirements were eliminated in Texas due to a new law. The new law is named HB 3167/SB 1168 and removes the law requiring bonds in the amount of $10,000 and $5,000 for talent agencies and personnel services respectively.




25
Apr
2012

Virginia Auto Dealer Bond Update

Virginia legislators have enacted a new bill concerning the liability of surety companies when it comes to auto dealer bonds and attorney fees. The law is labeled HB 171 and changes the existing law and states that the surety on a bond is responsible for any claims and attorney fees accumulated on a bond. The read more »




24
Apr
2012

Texas Credit Service Organization Bond

Credit service organizations must follow special surety rules in Texas thanks to a new law. The new law is titled HB 2594 and requires credit service organizations who participate in deferred presentment transactions or motor vehicle title loans to acquire a surety bond. The required bond must be in the lesser amount of $10,000 for read more »




23
Apr
2012

South Dakota License Bond

The state of South Dakota has enacted a new bill which removes a surety bond requirement. The bill is named HB 1016 and removes the bond requirement needed for the commercial use of a state logo. Originally, a surety bond was required in order to commercially use a state logo.




18
Apr
2012

Texas Off-Premise Advertising Bond

Texas has added new surety legislation concerning advertising signs. The new law is named SB 1420 and requires a $2,500 surety bond in order to obtain licensure for installation of off-premise advertising signs. The bonds will be in place to guarantee compliance with state law.




17
Apr
2012

Pennsylvania Oil & Gas Well Bond

Pennsylvania law makers have come up with new legislation affecting owner’s of oil and gas wells. The new law is titled HB 1950 and revamps the surety bond requirements for oil and gas wells. The previous law required a $2,500 bond per well or a $25,000 blanket bond that covers all wells that a permit read more »