On February 5th, 2009, a new bill was introduced concerning Alabama proprietary schools. The new law, named HB 428, requires proprietary schools to obtain a $20,000 surety bond conditioned on payment of all ruling surfacing from damages sustained to the school’s students who paid tuition and/or fees but did not receive the services for which they paid for. HB 428 was enacted on May 20th, 2009.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.