Unfinished roads in the city of Murfreesboro, TN seem to be giving many residents some rage. Surety bonds were obtained to help get these roads finished in multiple subdivisions, but the city council is considering using taxpayer money to complete a job that is the housing developer’s responsibility.
Real estate appraisal management companies in the State of Tennessee must abide by a new law. The new law, which is referred to as SB 3155/HB 3191, requires real estate appraisal management companies to register and acquire a surety bond in the quantity of $50,000. The particulars of the surety bond requirement will be established read more »
A new bill was enacted affecting real estate appraisal management companies in the State of Tennessee. The new bill, which is titled HB 3191, requires real estate appraisal management companies to register and acquire a $50,000 surety bond. The new legislation states that the particulars regarding the surety bond would be established by regulation. HB read more »
SB 2299 is a new bill that was presented in the State of Tennessee relating to the Commissioner of Commerce and Insurance. The new bill, as presented, would have authorized the Commissioner of Commerce and Insurance to promulgate regulations for a substitute security system for workers’ compensation plans, requiring self-insured members of staff to secure read more »
SB 2279 is a new law that was introduced in Tennessee State regarding mortgage brokers. The new law terminates the use of a letter of credit (LOC) in the place of a license bond and requires mortgage brokers and lenders to acquire a surety bond for the renewal of their registration in the year 2010. read more »
Tennessee State introduced a new law relating to tobacco manufacturers. The new law is referred to as SB 2169 and requires non-participating manufacturers that are not included in the directory of approved tobacco manufacturers to acquire a surety bond in order to be included on the list. These companies do not partake in the State’s read more »