A newly enacted Indiana statute requires all credit services organizations, including foreclosure consultants, to file an Indiana credit services organization surety bond with the Office of the Indiana Attorney General before doing business in the state. The purpose of the… Continue Reading →
On July 12, 2013, Missouri enacted senate bill 262 requiring the licensing of health care navigators. While there is currently no #suretybond requirement, a companion bill has been introduced to require a health care navigator surety bond. This new law… Continue Reading →
Do you have the statutorily required ERISA fidelity bond in place? The first of the year is a good moment to review your compliance checklist! Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part… Continue Reading →
Residential mortgage loan professionals must post a Oklahoma mortgage broker bond with the Oklahoma Department of Consumer Credit in order to complete the approval and licensing process. The mortgage broker surety bond is now required pursuant to the Oklahoma SAFE Act. Each… Continue Reading →
The FMCSA has just today released the formal guidance for those property brokers (ICC), a/k/s freight brokers for coming in to registration and BMC-84 freight broker bond compliance with “MAP-21”. The following was released by Anne Ferro, FMCSA Administrator. Companies… Continue Reading →
If you are having any difficulty understanding the requirement(s) for an ERISA fidelity bond, the following is directly from and authored by the “Authority”, the U.S. Department of Labor. ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and… Continue Reading →
The Federal Register has issued a proposed rule to conform the regulations governing the Surety Bond Program to certain provisions of the 2013 National Defense Authorization Act (“NDAA”). Specific changes proposed are: Increasing the contract amount which the Small Business… Continue Reading →
A New Hampshire Credit Services Organization bond is required by law if you propose to offer credit repair services in the state. As per the Attorney General, in 1989, the New Hampshire Legislature enacted the Credit Service Organizations Act, RSA… Continue Reading →
Since we write a looooooooooooot of of ERISA fidelity bonds, we get this particular question very frequently. The best “legal” definition is contained within the U.S. Department of Labor’s circular FAB 2008-04. An ERISA section 412 bond must protect the… Continue Reading →
A Louisiana Tobacco Tax Surety Bond and registration as a “tobacco dealer” are required of any person or entity who manufacturers or imports cigars, cigarettes, smoking or smokeless tobacco for distribution, sale, use, or consumption in Louisiana. Every registered tobacco… Continue Reading →
Effective immediately a Minnesota Elevator Contractor Bond will be required from both full and limited licensees. According to the Minnesota Department of Labor’s open letter, “The changes became effective July 1, 2013. Elevator contractors and elevator constructors are currently licensed under… Continue Reading →
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