New surety bond legislation was recently enacted in Colorado State. The new law is named HB 1206 and requires surety companies to provide written notification to the Attorney General upon cancelation of the bond required of debt management service providers; the bond required is currently $50,000.
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. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.