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SURETY BOND BLOG

Tag Archives: Missouri

03
Oct
2011

Missouri Grain Dealer Bond Update

Missouri State has put forth new legislation this summer concerning grain dealers. The new law is named SB 356/HB 458 and it changes the surety bond required of grain dealers. The previous legislation required at least a $20,000 bond and could not surpass $300,000. Due to a the biggest grain dealer fraud scheme in Missouri read more »




16
Jul
2011

$27MM Fraud Scheme Doubles Missouri Surety Bond

When choosing a company to do business with, it’s difficult to tell whether or not it’s a credible one; even after doing research and looking in to an organizations history, it’ still possible to get scathed by dishonest individuals. This is what happened to numerous Missouri farmers in the most detrimental grain fraud scheme in read more »




20
Jan
2011

Politicians Make The Right Move For Kansas City Royals

Jackson County politicians have avoided a big hurdle regarding the Kansas City Truman Sports Complex renovations. The Truman Sports Complex, home of the Kansas City Royals, almost lost hundreds of thousand of dollars due to an unfavorable choice in surety companies while shopping for surety bonds to renovate the stadium. According to Jackson County, they read more »




31
Aug
2010

Missouri Real Estate Appraisal Management Bond

HB 1692 is a new law that was enacted in Missouri State relating to real estate appraisal management companies. The new legislation requires real estate appraisal management companies to acquire a $20,000 surety bond. HB 1692 states that additional particulars regarding the surety bond requirement will be established through regulations. The SFAA and AIA cooperated read more »




31
Mar
2010

Missouri Financial Officer Bond

New legislation was enacted regarding charter school financial officers in the state of Missouri. The new law, which is referred to as SB 291 authorizes the chief financial officer of a charter school to acquire an insurance policy supplying coverage for employee thievery in place of the surety bond required under the present law. The read more »




29
Mar
2010

Missouri Mortgage Originator Bond

The state of Missouri has implemented a new bill concerning mortgage originators. The new bill is named HB 382 and requires mortgage originators to be licensed and to be covered by a surety bond required of mortgage loan brokers. HB 382 asks residential mortgage loan brokers to acquire a surety bond that covers all of read more »