On 06/13/2008, a new sports promoter law was enacted named HB 2633. The new Tennessee law requires mixed martial arts, boxing, and kickboxing contest promoters to post a license bond in the amount of $25,000. The bond must be from a surety licensed in the state. As an alternative for posting a surety bond, cash or other securities are also acceptable.
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Tennessee Sports Promoter Bond
September 17, 2009 by Eric WeisbrotCategory: Commercial Bonds, Surety NewsTags: boxing promoter bond, kickboxing contest promoter bond, mixed martial arts promoter bond, sports promoter bond, tennessee, tn | Comments (0)
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South Dakota Mortgage Broker Bond Amendment
September 16, 2009 by Eric Weisbrot
Enacted on 03/13/2008, SB 157 allows a mortgage brokerage to acquire one bond that will fulfill the bond requirement for all individual applicants that the brokerage employs. Under existing South Dakota law, mortgage broker’s license applicants must post a $25,000 surety bond individually.Category: Commercial Bonds, Mortgage Broker Bonds, Surety NewsTags: bond requirements, legislation, mortgage broker bond, SD, South Dakota, surety bond | Comments (0)
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Tennessee Public Automobile Auctioneer Bond
September 14, 2009 by Eric WeisbrotPublic automobile auctioneers must abide by a new law known as SB 3590 under Tennessee state law. The new law requires public automobile auctioneers to be licensed and post a surety bond of $50,000 from a certified bonding company; it is also mandatory to acquire liability insurance in the amount of $500,000. The new law is specifically for auctioneers who perform auctions that are open to the public.Category: Auto Dealer Bonds, Commercial Bonds, Surety NewsTags: auctioneers bond, bond requirements, legislation, public automobile autioneer bond, surety bond, tennessee, tn | Comments (0)
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Nevada Industrial Vehicle (DMV) Bond Changes
September 13, 2009 by Eric Weisbrot
The SFAA has been sharing an email from the Nevada DMV regarding changes to their bond language. The email listing the changes is below:There have been recent changes to Nevada Department of Motor Vehicle surety bond formats:
The single Garage Bond has now been merged with the single Body Shop Bond.
Now one bond carries both activities, and changed the Counter Signature area of page two.
The Emission Station Bond has restructured and changed the language on page one and page two.
All other bonds have had the change to page two of the bonds, changing the Counter Signature area.The various bond forms are available here:
http://www.dmvnv.com/olbl.htm#VehicleCategory: Commercial Bonds, Surety NewsTags: bond requirements, legislation, surety bond | Comments (0)
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JW_Surety_Bonds Twitter Weekly Updates for 2009-10-27
by Michael Weisbrot- Subscribe To The Surety Bond Blog: If you follow the Surety Bond Blog (http://www.jwsuretybonds.com/blog), then .. http://bit.ly/g2lj3 #
- New blog post: Tennessee Motor Vehicle Dealer (MVD) Bond Raised To $50,000 http://bit.ly/2QzibX #
- New Blog Post: Stimulus Funds To Refund Surety Bond Premiums | Surety Bond Blog | JW Surety Bonds http://bit.ly/cHqZR #
- RLI Surety Segment Is Particularly Strong – Surety Bond Forums – Comparing old news to hard facts: http://bit.ly/PcnB1 #
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Category: OtherTags: tweets, twitter | Comments (0)
