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SURETY BOND BLOG

Tag Archives: Montana

15
Feb
2012

Montana Reclamation Bond

Montana mining operators are affected by new legislation. The new law, which is named, HB 533, authorizes the Board of Land Commissioners to decide whether or not a surety bond will be required of mining operators to guarantee the payment of royalties to the Board. The previous law always required the surety bond.




10
Jan
2012

Montana Mortgage Servicer Bond

Mortgage servicers in Montana State now must obtain surety bonds in order to operate legally. The new law is titled HB 90 and requires mortgage servicers to acquire a $100,000 bond. HB 90 also states that separate bonds are needed for mortgage lender, mortgage broker and mortgage servicer licenses.




04
Oct
2011

Montana Commodity Dealer Bond Update

Commodity dealers in the state of Montana must follow new surety bond requirements. The new bill is titled SB 74 and requires supplementary bonds in order to get a commodities dealer’s license. The additional bond amount is $2,000 for each $1,000 that the dealer’s equity is less than $50,000 or $2,000 for each $1,000 that read more »




20
Jul
2011

Montana Mortgage Broker Bond

Mortgage lenders and servicers in the State of Montana are affected by a new law that was recently enacted named the Montana Mortgage Act. The new law will be in effect on October 1, 2011 and now requires Montana services to acquire a $100,000 surety bond. The law also removes the option which allowed mortgage read more »




11
Jun
2011

Montana Mortgage Broker and Lender Bond

Montana mortgage broker and lenders now have a new rule to follow in order to stay legal with the state. A new bill was enacted named HB 90 and requires mortgage servicers to acquire a $100,000 surety bond. HB 90 states that mortgage lenders and mortgage brokers must obtain a bond whether they’re a company read more »




16
Apr
2010

Montana Sequestration Well Bond

In Montana State, a new law was introduced affecting underground sequestration wells. The new law is labeled SB 498 and controls the storage of carbon dioxide in underground sequestration wells. SB 498 allows the Environmental Review Board to implement rules for the operators of these wells, as well as provisions for the requirement of a read more »