The state of Oregon has enacted a new bill concerning manufactured structure dealers. The new bill is titled SB 85 and gets rid of the cap on the amount recoverable by anyone other than a retail customer on the surety bond that’s required of manufactured structure dealers. The previous law capped the recoverable amount at $20,000.
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.