LOGIN(888) 592-6631

SURETY BOND BLOG

Tag Archives: Vermont

11
Oct
2010

Vermont Auto Dealer Bond

A new law was introduced concerning auto dealers within the State of Vermont. The new law, which is named SB 282, amplifies the quantity of the surety bond required of auto dealers. The present legislation requires a surety bond, a letter of credit or certificate of deposit in a quantity stretching from $5,000 to $15,000; read more »




17
Sep
2010

Vermont Loan Servicer Bond

The State of Vermont presented new legislation concerning loan servicers. The new law, which is named SB 287, requires loan servicers to acquire a $100,000 surety bond conditioned on the cooperation with the related laws and policies including the payment of all funds due to any individuals and the State. The Commissioner of Banking, Insurance, read more »




16
Jun
2010

Vermont Mortgage Loan Servicer Bond

A new bill was enacted in the State of Vermont relating to mortgage loan servicers. The new law is titled SB 287 and requires mortgage loan servicers to be licensed and to acquire a $100,000 surety bond conditioned on the cooperation with the applicable laws and policies; including the payment of all funds due to read more »




12
Jun
2010

Vermont Estate Executor Bond

The State of Vermont presented new legislation relating to the executor of an estate. The new law is labeled HB 461 and states that the judge of probate would establish the amount required for the surety bond that could be acquired regarding an application for the appointment of an administrator or executor of an estate. read more »




27
May
2010

Vermont Milk Handler Bond

Vermont State introduced a new bill concerning milk handlers. The new bill is named SB 89 and it modified the quantity of the surety bond or letter of credit required under present law for milk handlers. The previous law stated that the surety bond had to be in a quantity equivalent to 50% of the read more »




25
May
2010

Vermont Trustee Bond

SB 86 is a new bill that was enacted in Vermont State concerning trustees. The new bill states that a trustee is required to acquire a surety bond to guarantee the performance of their responsibilities only if the probate court requires it, or if the language of the trust required it and the court has read more »