The State of Oregon enacted a new bill affecting motor carriers. The new law is titled SB 259 and states that provisions in motor carrier transportation contracts requiring party or their surety or insurer to indemnify or hold harmless the other party against accountability for death, injury, or damaged property caused by negligence are invalid.
The state of Oregon has enacted a new bill concerning manufactured structure dealers. The new bill is titled SB 85 and gets rid of the cap on the amount recoverable by anyone other than a retail customer on the surety bond that’s required of manufactured structure dealers. The previous law capped the recoverable amount at read more »
Legislators in Oregon have made some changes to the existing surety bond requirement concerning landscape contractors. The new bill which applies the change is titled HB 2156 and affects landscape contractors with $15,000 bonds; the surety bond will now guarantee backflow assembly testing services provided by employees of the contractor; the contractor’s installation and upkeep read more »
HB 3624a is a new bill that was presented in the State of Oregon concerning real estate appraisal management companies. The new bill requires real estate appraisal management companies to register and attain a surety bond or letter of credit in the amount of $25,000. The surety bond is conditioned on the imbursement of all read more »
New legislation was enacted in the State of Washington relating to mortgage loan servicers. The new law, which is labeled HB 2608, subjects mortgage loan servicers to the present licensing and bonding requirements for other mortgage loan professionals. For servicers, the surety bond must be in a minimum quantity of $30,000; which is calculated by read more »
Appraisal management companies are affected by a new law enacted in the State of Oregon. The new law is titled HB 3624a and requires appraisal management companies to register and acquire a surety bond or letter of credit in the amount of $25,000. The surety bond would be conditioned on the payment of all sums read more »