Category Archives: Money Transmitter Bonds

Kansas Money Transmitters See New License Bond Requirements

Date Enacted:  April 29, 2015 Date Effective:  July 1, 2015 Recently, Kansas has updated the Kansas Money Transmitter Act. The amendments to this Act include an increase in the maximum[...]

Georgia Enacts Bill Increasing Money Transmission Bonds

Date Enacted:  April 15, 2014 Date Effective: July 1, 2014 The Georgia money transmission bond legislation, also known as HB 982, amends prior laws for money transmitters and check sellers.[...]

Illinois Currency Exchange Bond

Illinois legislatures have enacted a new bill concerning check sellers, money transmitters, small loan companies, etc. The bill is titled SB 87/HB 159 and boosts the surety bond required for[...]

Surety Industry Deceptively Booming Despite Recession

The world of surety seems to be doing just fine amidst the down economy. There are still a lot of construction jobs available and many bonds to be written; but[...]

Public Officials Blindly Writing Surety Law

Legislatures in Texas have enacted a new law directly affecting the surety bond industry. When one looks at the changes included in the bill, it’s hard to see what it[...]