SURETY BOND BLOG

Tag Archives: NV

Wedding chapels in Nevada can now issue marriage licenses thanks to surety bonds. A new bill titled SB 381 allows counties with less than a 100,000 populace to authorize commercial wedding chapels to issue marriage licenses. In order for the chapel to be eligible, it must be in business for five years or more, register read more »

The state of Nevada has enacted a new law relating to automobile wreckers. The new law is titled AB 204 and states that an automobile wrecker can utilize the new law’s streamlined method for processing a motor vehicle for parts/scrap if they acquire a $50,000 surety bond; the bond must be from a state licensed read more »

Certain Nevada tobacco manufacturers are subject to new surety legislation. The new law is named SB 79 and requires certain nonparticipating tobacco manufacturers to acquire a surety bond in order to be included in the State’s directory of tobacco manufacturers and cigarette brands. The bond will be required if the manufacturer’s cigarettes have been sold read more »

Nevada mortgage broker surety requirements have been changed due to a new bill. The bill is labeled AB 77 and alters the bond amount required of mortgage brokers. The previous law stated that the bond amount was calculated by the number of branches that the broker had or its yearly loan volume. The set bond read more »

Construction jobs tend to be costly and often unpredictable. This is why a surety bond is typically required for construction projects, especially when they are substantial undertakings. It has been quite an unpredictable endeavor when it comes to the project being worked on at Lake Mead in Nevada State. A company named Vegas Tunnel Constructors read more »