LOGIN(888) 592-6631

SURETY BOND BLOG

Tag Archives: West Virginia

31
Aug
2011

West Virginia Trustee Bond




14
Sep
2010

West Virginia Mortgage Broker Bond

Mortgage lenders and brokers must follow new requirements that were set in West Virginia State. The new law is named HB 4285 and authorizes any individual that is not subject to the present legislation’s licensing requirements for mortgage lenders/brokers and who also employ mortgage loan originators to register with the Nationwide Mortgage Licensing System and read more »




26
May
2010

West Virginia Gaming Facility Bond

A new West Virginia law has affected gaming facilities within the state. The new law is labeled SB 575 and modifies the surety bond requirement for gaming facilities. The present law requires a surety bond in the quantity of $5 million to guarantee the payment of all required payments; also guaranteeing that the licensee will read more »




30
Aug
2009

West Virginia Discount Medical Provider Bond

West Virginia has a new enactment for medical discount providers referred to as HB 4404. The law requires a surety bond equal to or more than $35,000 to be posted by discount medical establishments. The bond attained by the discount medical organizations must be in favor of the Insurance Commissioner for the advantage of individuals read more »




26
Aug
2009

West Virginia Public Funds Depository Bond

There is a new depository bond law in the state of West Virginia called HB 4692. The law provides an alternative to the depository bond requirements for public funds belonging to the state. Existing law requires a $10,000 bond to be posted by eligible depositories. The new law allows such banking establishments to position deposits read more »




24
Aug
2009

West Virginia Mortgage Lender License Bond Amendment

On 03/27/2008, the state of West Virginia enacted SB 292. The new law authorizes the Commissioner of Banking to make a claim for an unpaid civil administrative penalty or an unpaid assessment invoice against a mortgage lender’s license bond. The law in place allows claims against the bond directly from consumers. The new law became read more »