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South Dakota Appraisal Management Company Surety Bond

The State of South Dakota’s Appraisal Management Company Registration Program has been recently amended to require a South Dakota appraisal management company surety bond from EVERY registrant operating within the state.  The new surety bond requirement is effective as of… Continue Reading →

California Immigration Consultant Surety Bond

If you offer immigration consultancy services in California, your license compliance just got more expensive!  Applications submitted after May 30th and existing consultants must now provide a California immigration consultant surety bond in the amount of $100,000, double the previous… Continue Reading →

Alabama Motor Vehicle Dealer Surety Bond (Act 539).

On March 5th, 2014, the State Legislature delivered a new dealer law to the Governor for signature which brings uniformity to the licensing procedure.  An Alabama Motor Vehicle Dealer Bond in the amount of $25,000 will be required from ALL… Continue Reading →

New Jersey HVAC Contractor Surety Bond.

Pursuant to the New Jersey State Board of Examiners of Heating, Ventilating, Air Conditioning and Refrigeration (HVACR) Contractors a New Jersey HVAC Contractor surety bond is now required of new applicants for a license. As published by the Board, “Regulations… Continue Reading →

Ohio Mortgage Broker Act Surety Bond

Residential mortgage loan professionals in Ohio are regulated by Title Thirteen of the Uniform Commercial Code, which among other provisions requires brokers to provide an Ohio mortgage broker bond with the Division of Financial Institutions (OMBA).  The mortgage broker surety bond is… Continue Reading →

Florida Motor Vehicle Dealer Bond 2014

If you need to renew your Florida Motor Vehicle Dealer Bond 2014, get with the program!  As per the statute regulating Florida auto dealers, you have until April 30th.  This surety bond is obligatory, running concurrently with the license and presented… Continue Reading →

New Mexico Motor Vehicle Dealer Bond

New Mexico auto dealers remember your renewal.  By March 31st you must file the appropriate licensing materials, fee and make sure that your New Mexico motor vehicle dealer bond is up to date. Also, remember the changes to Section 66-4-2.A NMSA 1978,… Continue Reading →

California Pest Control Surety Bond

Effective January 1, 2014, SB 662 has amended the Business and Professions Code by increasing the minimum amount of insurance and the California Pest Control Surety Bond coverage required to be maintained by a registered company. The new minimums for registered… Continue Reading →

Contract Surety – Tax Returns are NOT Financial Statements

Bottom line, tax returns are NEVER acceptable financial reports when applying for contract surety bonding. Except for very small bond requests a contract surety underwriter will require one more years of proper financial statements prepared by a certified public accountant… Continue Reading →

Michigan Landfill Surety Bond Changes for Closure & Post-Closure

As of December 26th, 2013 the State of Michigan’s landfill surety bond requirements have been modified.  The section of the Natural Resources and Environmental Protection Act pertinent to the bonding requirement for the various types of landfill is as follows: Sec. 11523…. Continue Reading →

California Car Wash Surety Bond

As of January 1st, 2014 a car wash and polishing business must post a California car wash surety bond with the only exception being for those car wash and polishing businesses that are participants in certain, specific collective bargaining agreements.  Section… Continue Reading →

Indiana Professional Employer Organization Surety Bond

In order to provide professional job placement services in Indiana an applicant must register with the Commissioner of Insurance and provide an Indiana Professional Employer Organization surety bond or attest to the satisfaction of the Commissioner that the registrant possess appropriate… Continue Reading →

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