A couple of surety bond requirements were eliminated in Texas due to a new law. The new law is named HB 3167/SB 1168 and removes the law requiring bonds in the amount of $10,000 and $5,000 for talent agencies and personnel services respectively.
Credit service organizations must follow special surety rules in Texas thanks to a new law. The new law is titled HB 2594 and requires credit service organizations who participate in deferred presentment transactions or motor vehicle title loans to acquire a surety bond. The required bond must be in the lesser amount of $10,000 for read more »
Texas has added new surety legislation concerning advertising signs. The new law is named SB 1420 and requires a $2,500 surety bond in order to obtain licensure for installation of off-premise advertising signs. The bonds will be in place to guarantee compliance with state law.
Deputy Constables in Texas no longer need to worry about individual public official surety bonds. A new law was enacted named HB 1241 allowing the use of blanket bonds which will now satisfy the present law’s bonding requirements regarding constables.
Athlete agents operating in Texas now must obtain a bond due to new legislation. The new law is titled HB 1123 and requires a $50,000 surety bond of athlete agents entering into an agent contract with an athlete. The bond guarantees compliance with the law and payment of any losses awarded to institutes of higher read more »