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SURETY BOND BLOG

Tag Archives: Washington

14
Dec
2011

Washington Reclamation Bond Update

Legislators in Washington State have implemented a new law relating to the surety world. The new law is named SB 5769 and implements new standards for coal-fired electricity generating facilities which states that facilities subject to closure under present law must guarantee that funds will be accessible for the closing of the facility while agreeing read more »




01
Sep
2011

Washington Fundraiser Bond




01
Oct
2010

Washington Money Transmitter Bond

Money transmitters in the State of Washington must follow a new law that was recently enacted. The new law is labeled SB 6371 and modifies the quantity of the required surety bond for money transmitters. The previous legislation required a surety bond of at least $10,000 but could not surpass $50,000, including $10,000 for each read more »




20
Sep
2010

Washington Mortgage Loan Servicer Bond

Mortgage loan servicers within the State of Washington must cooperate with new legislation that was recently enacted. The new law, which is titled HB 2608, requires mortgage loan servicers to follow the present bonding requirements for other mortgage loan professionals. Mortgage loan servicers must acquire a surety bond of a minimum quantity of $30,000 which read more »




07
Sep
2010

Washington Appraisal Management Bond

The State of Washington presented new legislation concerning appraisal management companies. The new law is titled HB 3040 and requires appraisal management companies to acquire a surety bond in a quantity of at least $30,000. The surety bond must be from a State authorized surety company and the aggregate liability of the surety can not read more »




14
Jun
2010

Washington Money Transmitter Bond

A new law regarding money transmitters was implemented in the State of Washington named SB 6371. The new law modifies the quantity of the surety bond required of money transmitters. The previous law required a surety bond in a minimum base quantity of $10,000 but could not surpass $50,000, in addition to $10,000 per location. read more »