An appeal bond is frequently required of defendants and occasionally plaintiffs to a civil lawsuit. An “appeal” is a formal request of a superior court (often a court of appeals) that it review the decision of an inferior court such… Continue Reading →
Effective January 1st, 2017 the State of Iowa has begun the regulation of appraisal management companies. Among other licensing qualifications and requirements, an AMC must also post an Iowa appraisal management company surety bond. The Iowa Division of Banking is… Continue Reading →
Under Chapter 38 of Colorado’s general statutes, contractors, laborers and materialsmen have a right to file a mechanic’s lien where payments due under contract have not been made. A mechanic’s lien is a definitive encumbrance which can complicate, delay and… Continue Reading →
Minnesota statute (80A.41 Section 102) defines an “Investment adviser” as a “person that, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing,… Continue Reading →
Si usted opera un local comercial una fianza que garantiza su pago de alquiler puede ser un atractivo esencial para el terrateniente. Una fianza garantía de arrendamiento (lease guarantee bond) es común y mayormente exigida de las empresas nuevas sin… Continue Reading →
A janitorial services bond is an inexpensive and effective way to protect both your cleaning service AND your clients. Also referred to as a “business services bond” or “dishonesty bond”, this instrument is a third party fidelity bond which insures… Continue Reading →
A Virginia mechanic’s lien release bond is a remedy for removing or “bonding off” a lien on real property placed by a general contractor or subcontractor. The Code of Virginia §43-70: Release of mechanic’s lien upon payment into court or filing of… Continue Reading →
Effective March 28th, 2017, enhanced New York auto dealer surety bond requirements will take effect. The New York Vehicle and Traffic Law has been modified to increase the surety bond sales-to-bond thresholds. Retail or wholesale motor vehicle dealers that sold… Continue Reading →
For many years the state Pawnbroker Act has required a South Carolina pawnbroker bond, one of several requirements for licensing a pawn shop. Recent legislation has continued the suretyship requirement and increased the amount of bond. The state statute defines a… Continue Reading →
A North Dakota mechanic’s lien release bond is a valuable tool for property owners that find themselves impeded by a mechanic’s lien. Also known as a construction lien bond, this remedy is available to a property owner or any party with… Continue Reading →
On July 1st, 2018, the California Student Loan Servicing Act comes in to effect licensing financial professionals that service student loans. Per the statute the Act will “prohibit a person from engaging in the business of servicing a student loan in this state,… Continue Reading →
A New York mechanic’s lien release bond is a mechanism for removing a mechanic’s lien from a parcel of real property. Contemplated under New York’s Lien Law Section 19(4), a “discharge bond” properly executed and filed with the county clerk… Continue Reading →
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