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SURETY BOND BLOG

Tag Archives: New Jersey

29
May
2013

21 Century Construction Mistakes: Curious Cases in the USA

Construction failures, if not too tragic in their nature, can cause a certain amusement in some quarters. It certainly does seem inexplicable how projects costing millions of dollars can omit a small detail that can potentially ruin everything. Buildings are usually in the planning process for years and undergo various evaluations and analyses. Many experts read more »




09
Apr
2012

New Jersey Off-Track Wagering Facility Bond

The State of New Jersey has enacted a new law concerning off-track wagering facilities. The new law is named SB 3185 and requires a $1MM surety bond of off-track wagering facilities who become licensed on or after the effective date of this law. The bond guarantees the licensees compliance with laws and regulations. SB 3185 read more »




24
Aug
2010

New Jersey School Board Bond

New Jersey State enacted a new bill relating to local school boards. The new bill is named SB 1287 states that local school boards lacking a treasurer of school funds must have its secretary of the board to execute the responsibilities of the treasurer. The new bill requires the secretary to acquire a surety bond read more »




09
Apr
2010

New Jersey Mortgage Broker Bond

The state of New Jersey introduced a new law concerning residential mortgage brokers. The new law, which is named AB 3186, requires residential mortgage lenders and brokers to acquire a blanket surety bond in a quantity no less than $25,000 from a surety company permitted to do business within the State. The Commissioner of Banking read more »




10
Nov
2009

New Jersey Recreational Vehicle Dealer Bond

In the state of New Jersey, a new law was enacted regarding vehicle sales. The new law, titled SB 521, decreases the required surety bond amount to perform an off-site sale of recreational vehicles (RVs) from $500,000 to $10,000. SB 521 did not alter the bond amount required for an off-site motor vehicle sale, but read more »




03
Dec
2008

New Jersey Driving School Bond

One of the requirements for obtaining a Driving School License from The New Jersey MVC (Motor Vehicle Commission) is to obtain a $10,000 Surety Bond. The Motor Vehicle Commission handles the issuance of licenses that allow driving schools and their instructors to function within the state of New Jersey. This also allows those specific private read more »