Surety Bond News

Connecticut legislators have enacted a new law concerning secondhand dealers. The new law is titled HB 5795 and requires secondhand dealers (businesses which sell personal property from an individual who is not a wholesaler) to obtain a $10,000 surety bond. The bond is needed in order to become licensed with the State.

Surety law in Virginia has been modified thanks to a new bill. The new bill is named HB 1852 and changed the surety bond amounts required of the Adjutant General and their fiscal clerks. The previous law required a $10,000 bond of the Adjutant General and also required a $3,000 bond from their clerks. The new bond amounts will be set by administrative processes.

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.