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SURETY BOND BLOG

Tag Archives: Massachusetts

18
Jun
2010

Massachusetts Treasurer Bond

A new bill in the State of Massachusetts was enacted relating to the Sandwich Economic Initiative Corporation. The new bill is named SB 2073 and produces the Sandwich Economic Initiative Corporation and requires the treasurer of its board of directors to be bonded to guarantee the reliable execution of their responsibilities. The board will establish read more »




22
Mar
2010

Massachusetts Mortgage Broker Bond

HB 4178 is a new bill that was enacted in Massachusetts relating to mortgage loan originators. The new bill requires mortgage loan originators to be covered under a surety bond in a quantity calculated by the loans originated. The licensees that are a member of staff or exclusive agent of an individual subject to the read more »




07
Dec
2009

Massachusetts Energy Savings Performance Bond

A new law was enacted concerning guaranteed energy savings contracts in the state of Massachusetts. The new law, SB 2768, demands a performance bond for all guaranteed energy savings contracts. The performance bond quantity must be 100% of the contract value from a surety company licensed in the commonwealth and also must be listed on read more »




06
Dec
2009

Massachusetts Regional Education Center Public Official Bond

The state of Massachusetts enacted a new law concerning public officials and regional education. The new law, titled SB 53, institutes a regional education training and skills center in the city of Taunton. SB 53 demands the treasurer of the Board of Directors for the new education center to acquire a surety bond to assure read more »




04
Dec
2009

Massachusetts Walpole Economic Development and Industrial Corporation Board of Directors Bond

SB 2786, a new Massachusetts state law, establishes the Walpole Economic Development and Industrial Corporation for the Town of Walpole. The Walpole Economic Development and Industrial Corporation was set up for the board of directors. SB 2786 requires the individuals of the board to post a surety bond from a surety company licensed in the read more »




02
Dec
2009

Massachusetts Public Official Bond

In Massachusetts, a new law was introduced on 09/26/2007 regarding public officials in the state. The new law, SB 2344, establishes the Whitin Reservoir Watershed District within the Town of Douglas. SB 2344 requires the District’s treasurer to post a surety bond in the amount determined by the District’s Management Committee. The Commissioner of Revenue read more »