Surety Bond News

Utah State has enacted a new bill concerning guest worker programs. The new bill, which is named HB 116, creates a guest worker program relating to a revamp of Utah’s present immigration laws. Any undocumented workers who want a guest worker permit must obtain a $10,000 surety bond; the bond protects against any damages as a result of breaking state law and regulations.

Vehicle inspectors in the state of Texas are affected by new legislation that was recently enacted. The new law is titled SB 197 and requires vehicle inspectors to obtain a $5,000 surety bond and guarantees that the inspectors will follow State law.

Certain Oklahoma public officials now must get a hefty surety bond in order to stay legal. The new law is named SB 895 and requires a $500,000 surety bond of members of a investigator commission founded under the Oklahoma State Bureau of Investigation. The bond guarantees that the members will follow state laws and regulations.

North Dakota collection agencies have new requirements to meet in order to stay legal with the state. A new bill, which is named HB 1080, adds a net worth requirement of at least $25,000 for collection agencies. This is on top of the $20,000 surety bond already required of collection agencies.

Auto dealer bonds now protect the broader public in New Hampshire thanks to new legislation. The new law is named SB 156 and adds extra protection to the bond that’s required of retail vehicle dealers, auto wholesale dealers, and utility dealers. Originally the required bond only protected individuals who purchased a vehicle from the dealer and experienced any losses as a result of the dealer’s actions. SB 156 states that the bond now protects a town, city, or the State if it encounters a loss as a result of a dealer failing to collect fees for motor vehicle registration, permit registration, registration transfer, and title applications.