Surety Bond Blog

Louisiana State introduced a new law concerning private child support collection agencies. The new law is titled SB 130 and requires private child support collection agencies to acquire a $50,000 surety bond or cash deposit in order to do business in the state. The surety bond must be written by a state licensed surety company and it must be conditioned on the cooperation with the anticipated legislation; this includes the authentic execution of the agency’s agreements with its clients.