A Massachusetts employment agency bond is required by statute before a placement agency can be licensed or registered with the Department of Labor. Pursuant to Section 46A of the Massachusetts General Laws (MGLs), “employment agency” means any person who conducts in… Continue Reading →
State law requires a Maryland employment agency bond from any party engaging in private employment placement within the state. An “employment agency” is a person, partnership or corporation which, for a fee: (1) an employee for a person who seeks an… Continue Reading →
Residential mortgage loan professionals must post a Louisiana mortgage broker bond with the Office of Financial Institutions in order to complete the approval and licensing process. The mortgage broker bond form contains identical wording and intent as the Louisiana mortgage… Continue Reading →
As a guarantee for state permit fees an Illinois oversize permit bond is an inexpensive and effective way to secure a bonded charge account. An applicant may establish such ‘Bonded Charge Account’ with the Permit Office in lieu of paying for… Continue Reading →
Mortgage loan professionals desiring to operate in the District must provide a DC mortgage broker bond regardless of whether he or she opts for the broker license, lender license, or a dual license encompassing both authorities. A ‘mortgage broker’ mean any… Continue Reading →
Pursuant to law an applicant must post a Connecticut driving school bond and receive a license from the state Commissioner of Motor Vehicles before operating a driver’s school. “Drivers’ school” means the business of giving instruction, for compensation, in the driving… Continue Reading →
California Civil Code requires the posting of a California employment agency bond by all private employment services subject to Title 1812.500 and its subsections. The statute defines “employment agency” as any person who, for a fee or other valuable consideration to… Continue Reading →
As in most states where regulated, an Arkansas collection agency bond is required of persons and entities engaging in collection activity. Arkansas statutes defines a collection agency as any person who works with or employs one or more other persons, or… Continue Reading →
In addition to new license protocols, an Alaska mortgage broker bond is required from ALL mortgage loan professionals that wish to do business in the state. “Mortgage brokering” activity means any person or enterprise who for compensation directly or indirectly arranges… Continue Reading →
Companies offering insurance premium financing must provide an Alabama premium finance company bond and fulfill all statutory requirements before commencing business operations. Alabama defines an insurance premium finance company is a person engaged in the business of entering into agreements by which… Continue Reading →
A Wisconsin employment agency bond is required by state statute from ONE of two classes of agency license. Wisconsin §105.01 defines “employment agent” as any person who furnishes to others seeking employment, information enabling or tending to enable such persons to secure… Continue Reading →
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