What’s the New Surety Bond Requirement?
In the state of Wyoming, a new bill titled HB 30 increases the minimum amount of the surety bond required for trust companies from $100,000 to $1 million. The bond is required to secure the costs that the State Banking Commissioner incurs if the trust company is put into receivership or liquidation if the company becomes unsafe.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online.
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