Real estate appraisal management companies in Kentucky now must obtain a surety bond in order to operate legally because of a new law. The new law is named HB 288 and requires real estate appraisal management companies to acquire a bond in an amount that will be established via regulations; but it will not be greater than $500,000.
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.