A Minnesota collection agency bond is required from all parties that conduct within the state a collection agency or engage within the state in the business of collecting claims for others. As per Michigan statute 332.31, Subd. 3. “Collection agency” means and includes… Continue Reading →
A Michigan appeal bond must be posted if you wish to stop execution of an adverse civil verdict. While a defendant does enjoy a short post-verdict period to file an appeal of right, such appeal does not stay execution. Pursuant to… Continue Reading →
A Massachusetts check seller bond is required from all non-bank parties that wish to engage directly in the business of selling, issuing or registering checks or money orders. There are exceptions to the Massachusetts check seller bond requirement for banks, national… Continue Reading →
Maryland boat dealers must have an application approved and provide evidence of a Maryland boat dealer bond before a license will be issued. Natural Resources Article, §8-710, Annotated Code of Maryland requires a Maryland boat dealer’s license if you are… Continue Reading →
A person needs to be licensed as a debt collector and provide a Maine debt collector bond to the State if the principal purpose of his or her business is the collection of any debts directly or indirectly owed or… Continue Reading →
If you intend to operate in Louisiana as an insurance adjuster you must provide a Louisiana public adjuster bond and fulfill the multiple state requirements for licensing. Louisiana defines a “public adjuster” as any person who, for any compensation, direct… Continue Reading →
A Kentucky health spa bondis one of several prerequisites for operating a spa in the Kentucky. The state statute defines a “health spa” as an establishment, except those defined as nonprofit organizations under 26 U.S.C. sec. 509(a), which provides for… Continue Reading →
Kansas is a member of the International Fuel Tax Agreement so if your carrier operations is in this State you will likely have to post a Kansas IFTA bond. The purpose of IFTA is to promote and encourage the fullest… Continue Reading →
In the general courts of justice in Iowa, simply filing an appeal does not stop judgment enforcement. You must file an Iowa supersedeas bond with the clerk of court and have that bond be approved by the court. The Supreme… Continue Reading →
If you wish to conduct debt collection activities in Indiana, you will need to provide an Indiana collection agency bond and file for the appropriate license from the regulatory authority. The term “collection agency” includes all persons engaging directly or… Continue Reading →
Like reclamation bonds required by the Bureau of Land Management (BLM) you must provide a Washington reclamation bond to the Department of Natural Resources in that state if you intend to engage in any type of mining or petroleum exploration… Continue Reading →
A collections professional must as a requirement of licensing post an Illinois collection agency bond. Pursuant to Illinois law, a “Debt collector” or “collection agency”, being synonymous means any person who, in the ordinary course of business, regularly, on behalf… Continue Reading →
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