Pursuant to state law a West Virginia motor vehicle dealer bond is required of ALL dealerships, whether engaged in the sale of new or used autos. Pursuant to §17A-6-1,”new motor vehicle dealer” means every person other than agents and employees while… Continue Reading →
Both resident and out-of-state operators must provide a Washington collection agency bond before offering debt collection services within the state. The law defines “collection agency” as: (a) Any person engaged in soliciting claims for collection, or collecting or attempting to collect… Continue Reading →
Many freight forwarders and property brokers are having difficulty understanding the BMC-84 freight broker bond requirement. The surety bond requirements were revised under the new highway reauthorization law (MAP-21). The BMC-84 surety bond amount has been increased from $10,000 to $75,000. The… Continue Reading →
An electrical contractor license applicant will need a North Carolina letter of bondability in order to receive a license to operate in the state. Licensing is required of anyone that engages in the business of installing, maintaining, altering or repairing any… Continue Reading →
An E&S broker must provide a Virginia surplus lines broker bond the the Bureau of Insurance before a license can be issued for operation in the Commonwealth. No person other than a licensed surplus lines broker may sell, solicit, or negotiate… Continue Reading →
Unless exempted a Vermont mortgage broker bond is required from any company or person who for compensation or gain negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans, other than commercial… Continue Reading →
Except for one statutory exception an Utah immigration consultant bond is required of all individuals that pursue licensing. An “immigration consultant” as defined in 13-49-102 means a person who provides nonlegal assistance or advice on an immigration matter including completing a document… Continue Reading →
The Comptroller determines the amount of the Texas motor fuel tax bond required of a supplier, permissive supplier, distributor, exporter, importer, or blender that operate(s) within the state. Each of the six classes of permit require this type of security…. Continue Reading →
To stay execution of a judgment pending appeal a Hawaii supersedeas bond is vital. Pursuant to Hawaii Rules of Civil Procedure, when an appeal is made the appellant may obtain a stay of execution by giving a supersedeas bond. The… Continue Reading →
Posting of a Tennessee motor vehicle dealer bond is one of fifteen legal requirements for obtaining a license to operate a “dealership” in the state. Pursuant to law, a “motor vehicle dealer” means any person engaged in the business of… Continue Reading →
Within thirty days of approval an applicant must deliver a South Dakota surplus lines broker bond to the Department of Insurance, and before procuring any surplus lines business in the state. A surplus lines broker is an insurance salesperson who is… Continue Reading →
A broker applicant must post and maintain a South Carolina mortgage broker bond in an amount determined by the Administrator of Consumer Affairs, that is based on the total dollar amount of mortgage loans originated in a calendar year. Pursuant to… Continue Reading →
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