New surety legislation was recently enacted in Nebraska. The new legislation is named LB 410 and concerns real estate appraisal management companies; they are now required to acquire a $25,000 surety bond in order to obtain a license. The surety bond must be from a state licensed bonding company. The bond must also stay in place one year after the company closes down.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.