The environment and its wellbeing has been a hot topic for the past few years and it doesn’t seem to be losing popularity. The effects of this trend are obvious from battery powered cars to green buildings. Following the clean energy movement is a huge Wyoming wind turbine energy project which some are concerned won’t be completed properly; this is when the advantages of surety bonds become clear.
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Green Surety Bonds: Performance Bond Powers Wind Energy
July 25, 2011 by Eric WeisbrotDiscuss: Comments (0)
Category: Bid Bonds, Contract Bonds, Performance Bonds, Surety News
Tags: bond requirements, Contract Bonds, legislation, Performance Bonds, surety bond, WY, Wyoming
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Turner Construction’s Contract Renegotiation Makes Them Pay
July 24, 2011 by Eric WeisbrotWhile surety bonds are set up to provide a form of insurance to all parties involved in contracts and large construction projects, they are not completely fail-proof under certain circumstances. A recent federal court case addressed the issue of surety bond culpability and provided a valuable lesson for anyone working with bonds.
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Category: Bid Bonds, Contract Bonds, Performance Bonds, Subdivision Bonds, Surety News
Tags: Bid Bonds, bond requirements, Contract Bonds, legislation, new york, NY, Performance Bonds, surety bond
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Montana Mortgage Broker Bond
July 20, 2011 by Eric Weisbrot
Mortgage lenders and servicers in the State of Montana are affected by a new law that was recently enacted named the Montana Mortgage Act. The new law will be in effect on October 1, 2011 and now requires Montana services to acquire a $100,000 surety bond. The law also removes the option which allowed mortgage professionals to meet a specific net worth requirement in place of obtaining a bond. (more…)Discuss: Comments (0)
Category: Commercial Bonds, Mortgage Broker Bonds, Surety News
Tags: bond requirements, commercial bonds, legislation, Montana, mortgage loan bond, mortgage service bond, MT, surety bond
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Aquaculture Surety Bond
July 19, 2011 by Eric Weisbrot
The SFAA has proposed a bill concerning offshore aquaculture. Aquaculture is the farming of oceanic organisms such as fish, seaweed, shellfish, etc. (more…)Discuss: Comments (0)
Category: Commercial Bonds, Misc. Commerical Bonds, Surety News
Tags: aquaculture, bond requirements, commercial bonds, legislation, surety bond
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$27MM Fraud Scheme Doubles Missouri Surety Bond
July 16, 2011 by Eric WeisbrotWhen choosing a company to do business with, it’s difficult to tell whether or not it’s a credible one; even after doing research and looking in to an organizations history, it’ still possible to get scathed by dishonest individuals. This is what happened to numerous Missouri farmers in the most detrimental grain fraud scheme in the state’s history.
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Category: Commercial Bonds, Misc. Commerical Bonds, Surety News
Tags: bond requirements, commercial bonds, grain dealer bond, legislation, Missouri, MO, surety bond


