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SURETY BOND BLOG

Tag Archives: Hawaii

09
Sep
2010

Hawaii Mortgage Loan Originator Bond

SB 2603/HB 2278 is a new bill that was enacted in Hawaii State relating to mortgage loan originators. The new will substitute the present mortgage loan originator surety bond requirements with a recovery fund. The previous legislation required originators to be covered by a surety bond in a quantity calculated by the dollar amount of read more »




18
Jun
2010

Hawaii Activity Desk Bond Update

Hawaii State implemented a new bill regarding activity desks. The new bill is labeled HB 2417 and revoked the surety bond requirement for activity desks, which are companies that operate as an intermediary to sell, contract for, or arrange for activities which are furnished by an activity provider who offers specialized air, land, or sea read more »




17
Jun
2010

Hawaii General Agent Bond

Insurers who employ managing general agents are affected by a new Hawaii State law. The new law is referred to as SB 2697/HB 2544 and has insurers require their managing general agents to acquire a surety bond in a quantity equivalent to $100,000 or 10% of the agent’s sum yearly premiums written nationally for the read more »




15
Jun
2010

Hawaii Mortgage Loan Originator Bond

SB 2603/HB 2278 is a new law that was enacted relating to mortgage loan originators in the State of Hawaii. The new law substitutes the present mortgage loan originator surety bond requirement which was enacted in 2009 with a recovery fund. The previous law required originators to be covered by a surety bond in a read more »




03
Jun
2010

Hawaii Mortgage Loan Originator Bond

A new law was introduced concerning mortgage loan originators in Hawaii State. The new law is titled HB 2278-SB 2603 and replaces the present mortgage loan originator surety bond requirements implemented in 2009 with a recovery fund. The present legislation requires originators to be covered by a surety bond in a quantity calculated by the read more »




26
Feb
2010

Hawaii Mortgage Loan Originators Bond

Enacted in Hawaii, a new law is now in place affecting mortgage loan originators within the state. The new law which is labeled SB 1218 integrates the federal definition of a mortgage loan originator. The law also requires originators to obtain a surety bond in a quantity that would be calculated by the dollar amount read more »