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SURETY BOND BLOG

Tag Archives: Pennsylvania

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 »




17
Apr
2012

Pennsylvania Oil & Gas Well Bond

Pennsylvania law makers have come up with new legislation affecting owner’s of oil and gas wells. The new law is titled HB 1950 and revamps the surety bond requirements for oil and gas wells. The previous law required a $2,500 bond per well or a $25,000 blanket bond that covers all wells that a permit read more »




11
Apr
2012

Pennsylvania Real Estate Appraisal Management Company Bond

Real estate appraisal management companies need a surety bond in order to operate legally in Pennsylvania thanks to a new bill. Titled HB 398, the bill requires real estate appraisal management companies to obtain a $20,000 surety bond. The State Board of Certified Real Estate Appraisers is allowed to require a varying bond amount if read more »




17
Aug
2011

Pennsylvania Employer Bond

Employers in the state of Pennsylvania must abide by new rules that were recently put in place. The Pennsylvania Department of Labor and Industry has changed the regulations for the contributions employers make towards employee benefits. Previous regulations stated that the required surety bond amount must be equal to 1% of the employer’s taxable wages read more »




04
May
2010

Pennsylvania Mortgage Broker Bond

HB 1654 is a new law that was introduced in the state of Pennsylvania concerning mortgage brokers. The new law requires mortgage lenders, mortgage loan correspondents and mortgage brokers to attain a surety bond in a quantity calculated by the total mortgage loans originated throughout the calendar year that is secured by Pennsylvania residential real read more »




02
Nov
2009

Pennsylvania Debt Management Service Bond

HB 2294, enacted 10/09/2008, adds a new requirement for debt management services to abide by. The new law calls for debt management service companies to be licensed, to acquire a $50,000 bond, and to have proof of liability/fidelity insurance. The bond acquired must be from a surety approved by the Department of Banking and must read more »