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 …Read more
Category: License Bonds
Coverage of the latest license bond news—new legislation, updated bond requirements, and everything else you need to know about license and commercial bonds. Need to get a license bond or have a business that needs to be bonded? We also offer tips for getting bonds, scaling your business, and finding the best surety bond company.
What's the New Surety Bond Requirement? In the state of North Dakota, a new bill titled SB 2093 increases the amount of the license bond required for money brokers and collection agencies from $25,000 to $50,000. Get a Free Quote Instantly Online If you're ready to get a free surety bond quote to …Read more
What's the New Surety Bond Requirement? In the state of Wyoming, a new bill titled HB 30 increases the minimum amount of the surety bond required for trust companies from $100,000 to $1 million. The bond is required to secure the costs that the State Banking Commissioner incurs if the trust company …Read more
Requiring Private School Surety Bonds Could Have Saved Students from Losing Millions in Tuition Fees In early December, Education Corporation of America (ECA) abruptly announced its decision to close 75 campus locations throughout the nation, including those of Virginia College and Brightwood …Read more
What's the New Surety Bond Requirement? In North Carolina, money transmitters that handle cryptocurrencies must obtain a cryptocurrency surety bond. The required bond amount will range from $150,000—$250,000, and will vary depending on the applicant. In addition, supplementary insurance will be …Read more
What's the New Surety Bond Requirement? The new Missouri bill, titled SB 707, increases the amount of the license bond required for new motor vehicle franchise dealers, used motor vehicle dealers, powersport dealers, wholesale motor vehicle dealers, trailer dealers, or boat dealers from $25,000 to …Read more