Colorado Used Auto Dealer Bond Requirement In Colorado, SB 249 requires businesses selling used motor vehicles to be licensed and to post the $50,000 bond now required for motor vehicle dealers. A business must be licensed if the sale of the used vehicles did not exceed 20% of the business's gross …

Alabama Auto Dealer Bond Requirement Increase A new bill was enacted in Alabama titled HB 393, which changes the amount of the license bond for a new motor vehicle dealer, used motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler so that it must be for not less than $50,000 or …

When Do You Need a DMEPOS Bid Bond? The Centers for Medicare & Medicaid Services (CMS) requires DMEPOS suppliers to obtain a bid bond for each CBA (Competitive Bidding Area) they would like to bid on. The required bond amount is $50,000, and once obtained, suppliers must provide proof of the …

What's the New Surety Bond Requirement? In North Dakota, a new bill titled HB 1219 requires resident public adjusters to be licensed and obtain a bond or insurance for a minimum of $20,000. The bond is for the use and benefit of the Insurance Commissioner for insureds that have remitted fees, …

What's the New Surety Bond Requirement? In Arkansas, a new bill titled SB 342 allows contractors to post a surety bond in lieu of submitting financial statements that are required under existing law. The bond must be in an amount equal to 10 times the amount of the required minimum net worth for …

Having strong credit is a necessary part of anyone’s financial life, as it lays the groundwork for getting access to affordable financing for a variety of needs. Lenders and creditors view good credit as an indicator that an individual presents a safe risk as a borrower. A credit score, which is …