On 05/13/2008, a new law was enacted in Maryland regarding employment agencies. The new law, HB 866/SB 650, is an enforcement measure relating to the surety bond requirement for employment agencies in the state. The current law requires a “penal bond” in the amount of $7,000. HB 866/SB 650 permits the Commissioner of Labor and Industry to examine complaints that an agency failed to acquire the required bond; if this has occurred the commissioner will supply a notice to the agency requiring compliance or the agency will have to present a reason for the absence of the bond. If the agency failed to acquire the bond after such notifications are issued, a penalty in the amount of $1,000 per violation may be required from the agency.
Maryland Employment Agency Bond
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Category: Commercial Bonds, Surety News
Tags: bond requirements, Employment Agency Bond, legislation, maryland, MD, surety bond



Surety Bond Blog: : Maryland Employment Agency Bond http://www.jwsuretybonds.com/blog/maryland-employment-agency-bond
Comment by JW_Surety_Bonds (Michael Weisbrot) — December 1, 2009 @ 7:56 pm
I WAS TOLD BY THE EMPLOYMENT ASSISTANCE REP. THAT A "BOND" WOULD HELP OFFSET MY FELONY CONVICTION. I NEED TO APPLY AS SOON AS POSSIBLE TO FIND OUT WHAT OBSTACLES AND PROCEDURES WILL BE ENCOUNTERED. HOW LONG IS A BOND GOOD FOR? CAN MORE THAN ONE BE BENEFICIAL?
Comment by Michael Matthews — February 28, 2011 @ 3:57 pm