Virginia enacted a new law referred to as SB 149. The new law raises the required license bond amount for settlement agents to no less than $200,000. The previous law required a bond of at least $100,000. SB 149 became effective upon enactment.
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.