SURETY BOND BLOG

Tag Archives: legislation

You may hear different opinions on the subject but there is substantial proof that 2012 was a fruitful year for innovative construction in the U.S. The industry is an intensive and volatile one, heavily affected by an economic downturn. There are also many laws and regulations to follow, which make it a difficult playground: from read more »

Opening a new auto dealership business can be a cumbersome and nerve-wrecking process if you are starting from scratch. However, there are tips that can make the experience easier and smoother. Here is an essential overview of what you need to do if you are based in the state of California and you are planning read more »

The state of South Dakota has enacted a new surety bond claim procedure for warehouseman bonds. The new law is labeled HB 1036 and modifies the claim procedure for bonds obtained by grain warehousemen. The present legislation requires anyone who intends to file a claim on a grain warehousemen’s bond to inform the Public Utilities read more »

A couple of surety bond requirements were eliminated in Texas due to a new law. The new law is named HB 3167/SB 1168 and removes the law requiring bonds in the amount of $10,000 and $5,000 for talent agencies and personnel services respectively.

Virginia legislators have enacted a new bill concerning the liability of surety companies when it comes to auto dealer bonds and attorney fees. The law is labeled HB 171 and changes the existing law and states that the surety on a bond is responsible for any claims and attorney fees accumulated on a bond. The read more »

Credit service organizations must follow special surety rules in Texas thanks to a new law. The new law is titled HB 2594 and requires credit service organizations who participate in deferred presentment transactions or motor vehicle title loans to acquire a surety bond. The required bond must be in the lesser amount of $10,000 for read more »