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SURETY BOND BLOG

Tag Archives: Maryland

26
Sep
2011

Maryland Debt Settlement Service Provider Bond

Maryland State has added a new law relating to debt settlement service providers. The new law is named SB 741/HB 1022 and requires debt settlement service providers to obtain a surety bond if they have a client deposit funds in an account for the payment of debt settlement fees. The surety bond required must be read more »




12
Jun
2011

Maryland Debt Settlement Service Provider Bond

A new bond requirement has been added to Maryland state legislation. The new law, which is named SB 741/HB 1022, requires debt settlement service providers within the state to acquire a $50,000 surety bond in order to register with the state. The surety bond must be written by a state authorized surety company and debt read more »




26
Mar
2010

Maryland Mortgage Loan Originator Bond

Maryland State enacted a new law concerning mortgage loan originators. The new law is named SB 269 and requires mortgage loan originators to be covered by a surety bond in a quantity that is calculated by the dollar amount of the loans originated. Should the loan originator be a member of staff or an exclusive read more »




23
Mar
2010

Maryland Title Insurance Producer Bond

A new bill was enacted in Maryland concerning title insurance producers. The new bill is named SB 86 and boosts the quantity of the license bond required for title insurance producers from $100,000 to $150,000. The present law allows a letter of credit in place of the surety bond. The law was the initiative of read more »




20
Mar
2010

Maryland Utility Installation Bond

Introduced on February 13th, 2009 was a new law concerning utility installers within Maryland. HB 1221 is the title of the new law and requires a surety bond or other security in association with a right-of-way permit for the installation and implementation of utilities in Washington County. The surety bond guarantees the refurbishment of county read more »




19
Mar
2010

Kentucky Law Enforcement Bond

Police officers within the state of Kentucky must abide by a new bill that was presented on February 11th, 2009. The new bill is named HB 411 and requires police officers to acquire a surety bond to secure the expenses of a court appeal from a conviction in the Kentucky State Police Department’s trial board read more »