Applicants for a South Dakota video lottery license must provide the Lottery Commission a South Dakota video lottery bond in an amount set by the executive director. The obligation guarantees that the licensee will comply with the South Dakota lottery… Continue Reading →
In South Carolina a business selling “prefab” homes must obtain a South Carolina manufactured home dealer bond. The bond must be delivered to the South Carolina Manufactured Housing Board and must be in the amount of $30,000. The bond guarantees that… Continue Reading →
If you operate a small rock quarry you are not exempt from state and/or federal reclamation bond requirements. Even little “mom and pop” quarry operations are responsible for having an appropriate closure plan. A rock quarry reclamation bond just like… Continue Reading →
Muchos estados y municipios exigen que un contratista general obtenga y deposite una fianza de contratista de construcción. Esta clase de fianza no es una obligación de fiel cumplimiento, sino una garantía de la buena conducta del contratista. Una compañía afianzadora siempre espera que el solicitante… Continue Reading →
Contractors filing for a right of way permit in Aspen must provide the City Engineering Department a $2,000 City of Aspen maintenance bond. The obligation is more complicated and onerous than most local permit bonds. The surety bond guarantees that the contractor will… Continue Reading →
Hawaii statutes require any person or business who operates as a collection agency to provide a Hawaii collection agency bond to the Department of Commerce and Consumer Affairs in the amount of $25,000 for the primary office and a $15,000 surety bond for… Continue Reading →
An individual or company that wishes to provide debt management or counseling services in the State of Texas must register with the Office of the Consumer Credit Commissioner and provide a debt management service bond. Defined by statute, a “debt management… Continue Reading →
The Department of Labor can easily monitor whether the ERISA fidelity bond requirements have been met. Plan administrators are obligated to file a federal Form 5500 schedule H annually, which asks specifically if the plan is bonded and the plan’s… Continue Reading →
Plans containing non-qualifying assets must be covered by an ERISA fidelity bond that meets the requirements of section 412 of ERISA however there is a difference in the bond amount required under the Federal Code. Instead of the ten percent… Continue Reading →
In Arkansas to act as an appraisal management company a licensee must provide an Arkansas appraisal management company bond to the Appraiser Licensing Board in the amount of $20,000. Pursuant to A.C.A. §17-14-101, Act 628 titled The Appraisal Management Company… Continue Reading →
The Texas Secretary of State requires any person or business who operates as a collection agency must provide third party debt collector bond to the Secretary of State. The debt collector bond requirement is $10,000. Careful! Collection activity can also fall under debt management. A debt… Continue Reading →
Pursuant to Alaska statute AS 08.18.011 constructions contractors must provide either a $10,000 Alaska general contractor bond, a $5,000 specialty contractor bond, or a $5,000 mechanical contractor bond to the Alaska Department of Commerce. The contractors obligation is to pay all taxes… Continue Reading →
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