The State of Vermont presented new legislation concerning nursing and assisted living homes. The new law is titled HB 453 and provides measures for residential care homes, nursing homes, assisted living residences, homes for the terminally ill or therapeutic community residences to participate in a receivership. HB 453 now allows the court to require the receiver to obtain a surety bond.
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.