Surety Bond News

Surety Bond Blog

Legislative updates and editorial columns from the surety experts at JW Surety Bonds; the largest surety bond company in the U.S.

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  1. Connecticut Mortgage Broker, Lender and Originator Bond Update

    February 7, 2012 by Eric Weisbrot


    Connecticut mortgage brokers, lenders and originators must abide by a revised bond amount requirement. The new bill is titled SB 1110 and modifies the current licensing laws for mortgage lenders, brokers and originators. Previous legislation required a minimum $40,000 surety bond. SB 1110 requires the bond amount to mirror the licensee’s loan origination volume. The new bill requires mortgage lenders and correspondent mortgage lenders to obtain a minimum $100,000 surety bond and mortgage brokers must acquire a minimum $50,000 bond.






  2. Surety Industry Deceptively Booming Despite Recession

    December 15, 2011 by Eric Weisbrot

    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 could the healthy appearance of the surety industry be somewhat of an illusion? (more…)






  3. Surety Bonds for Real Estate Brokers

    December 10, 2011 by Eric Weisbrot

    Perspective homeowners know understanding homeownership lingo can be an all-consuming job in itself. Buyers have to navigate through terms such as FHA, escrow and adjustable rate mortgages, on top of finding their dream home. While many choose to lead the effort on their own, some prefer to have professional guidance through a mortgage broker. However, some are hesitant to rely on an outside individual for such a critical financial investment. In the wake of several high-profile investment scandals, many are simply too scared to trust their finances in the hands of others. (more…)






  4. Public Officials Blindly Writing Surety Law

    September 23, 2011 by Eric Weisbrot

    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 actually accomplishes; it raises the question of whether the legislators writing laws affecting the world of surety have adequate knowledge of the industry.
    (more…)






  5. Surety Bonds: Moving From Paper To The Digital Age

    September 2, 2011 by Eric Weisbrot

    The surety bond industry has been stubborn when it comes to any kind of change. For the most part, things have been done the same way for years while ignoring technological advances. As of recent, companies have begun to embrace the digital age and have been harnessing it to improve and evolve the industry.
    (more…)






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