- Subdivision & Performance but no Payment?: What reason is there that a City would require a Subdivision Bond and.. http://bit.ly/ASITy #
- GreenerBuildings.com uses Google Maps to locate over $5B green construction stimulus contracts. http://tinyurl.com/GreenBizStimulusMap #
- Top 10 Construction Tips For 2010: The recession has no doubt been devastating to the construction industry. Mat.. http://bit.ly/gzHk6 #
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JW_Surety_Bonds Twitter Weekly Updates for 2009-08-16
August 16, 2009 by Michael WeisbrotCategory: OtherTags: tweets, twitter | Comments (0)
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Colorado Manufactured Home Installers Bond
August 15, 2009 by Lisa Grimsley
Effective June 2, 2008, Colorado’s HB 1319 amendment no longer requires bonds after January 1, 2009 for registered manufactured home installers. It does increase the amount of liability insurance required. When the installer registers, a $10,000 surety bond, letter of credit, deposit, or a certificate of deposit is required.Category: Commercial Bonds, Surety NewsTags: bond requirements, co, colorado, legislation, manufactured home, manufactured home bond, manufactured home installer, mobile home, mobile home bond, surety bond | Comments (0)
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California Private Cemetary Bond
August 14, 2009 by Lisa Grimsley
California’s amendment SB 1225, which became effective January 1, 2009, allows LLC’s (Limited Liability Corporations) to establish private cemeteries. These companies need to obtain a form of security, such as a trust or bank escrow account, bank certificates of deposit, cash, letters of credit, United States Treasury obligations, or surety bonds. A minimum of a $1 million bond in needed for companies with 5 or less employees. An additional $100,000 is added per licensee if there are more than 5 employees, but the maximum amount for the bond is $5 million. Category: Commercial Bonds, Surety NewsTags: bond requirements, ca, california, legislation, private cemetary bond, surety bond | Comments (0)
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California Exchange Facilitators Bond
August 13, 2009 by Lisa GrimsleyCalifonia’s SB 1007 law originally did not have any relation to fidelity bonds. When the law was amended and became effective on January 1, 2009, it required exchange facilitators to be licensed and obtain either a minimum $1 million bond or fidelity bond, securities, post cash, or an irrevocable letter of credit in the same amount. Financial Institutions and title insurers, underwritten title companies and controlled escrow companies are exempt from the licensing requirement of the bill, but they still need to comply with the bonding and insurance requirements.Category: Commercial Bonds, Surety NewsTags: bond requirements, ca, california, exchange facilitator, legislation, license bond, surety bond | Comments (2)
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California Telecommunications Public Utility Bond
August 12, 2009 by Lisa GrimsleyAs of January 1, 2009, the Public Utilities Commission of California may require a performance bond as a precondition of getting certain certificates and permits for telecommunications companies. AB 2578 allows this, also stating that the bond has to be sufficient to allow the collection of restitution, penalties, and fines for enforcement actions taken against the company. Category: Performance Bonds, Surety NewsTags: bond requirements, legislation, performance bond, Performance Bonds, surety bond | Comments (0)
