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SURETY BOND BLOG

Tag Archives: Illinois

08
Jul
2013

The benefits of performance and payment bonds: the Illiana Expressway case

If you are just now making your way in the public works bidding arena as a construction contractor, there are a few terms and requirements that you will need to get acquainted with. Surety bonds are an important one, as several different kinds are often required in such projects and, more specifically, performance and payment bonds. They are read more »




03
Apr
2012

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 community currency exchanges from $10,000 to $50,000. This affects establishments providing services for cashing checks, money orders, etc. The Director of Financial Institutions is authorized read more »




19
Jan
2012

Surety Bonds Vs. Money In Escrow

Green energy is here to stay and the state of Illinois is taking advantage of it via wind farms. Once the wind farms have served their point, they must be decommissioned or removed for the environment’s sake; surety bonds are one way to assure that it happens.




29
Sep
2011

Green Surety Bonds: Guaranteeing Environmentally Friendly Wind Farm

The interest in green energy still seems to be at its peak. A large wind farm is in the works to be built in Illinois but once the wind farm has served its purpose, time and money must be used to remove it for the environments sake; a surety bond will ensure that this happens.




19
Sep
2011

Illinois Treasurer Bond Update




24
Sep
2010

Illinois Debt Settlement Provider Bond

HB 4781 is a new bill that was enacted within the State of Illinois which concerns debt settlement providers. The new bill requires debt settlement providers to acquire a $100,000 surety bond. The original draft of the bill would have required a minimum $1 million surety bond, but it was modified in the House. The read more »