In Utah all auto crush operators must provide a surety bond in the amount of $10,000. The motor vehicle crusher bond guarantees the payment of damages resulting from a crusher’s fraud/fraudulent mistrepresentations or any other violation of Chapter 3, Title 41… Continue Reading →
Spring is almost here, and summer close behind it. Appraisal management companies in Colorado need to provide DORA a surety bond by July, 1st, 2013. The Colorado appraisal management company bond must be in the amount of $25,000. The State Division of… Continue Reading →
In 2012, the Oil and Gas Omnibus amendments changed the requirements for reclamation bonds. Instead of the old $2,500 single/$25,000 blanket bond formula, the following shall apply: (i) For wells with a total well bore length less than 6,000 feet:… Continue Reading →
The Agriculture Commissioner of the State of West Virginia requires a West Virginia auctioneer bond before he will issue a license to act as an auctioneer in the public sale of real or personal property in the state. Pursuant to W.V. §19-2C-1,… Continue Reading →
To obtain a license as a Texas residential mortgage loan servicer you must provide a surety bond in an amount set by the Commissioner of Finance. The mortgage loan servicer bond is for the use of the Commissioner and any… Continue Reading →
Nursing homes and other caregivers in the State of Arkansas that regularly handle patient trust monies must carry a patient trust fund bond. The bond obligation ensures that the principal shall; (1) hold separately and in trust all patients’ funds… Continue Reading →
Kansas statutes impose a ten percent Liquor Drink Tax on the sale of drinks containing alcoholic liquor by clubs, caterers, or drinking establishments. A club, caterer, or drinking establishment (including farm wineries and microbreweries selling to customers for on-premises consumption)… Continue Reading →
Nevada statute requires any person or business who operates as a collection agency to provide a Nevada collection agency bond to the state regulatory and licensing authority. The Nevada Financial Institutions Division defines a collection agency as all persons engaging, directly… Continue Reading →
A Washington telecommunications contractor bond is easy to get from Surety One, Inc.! In order to engage in the electrical contracting industry in Washington the Department of Labor and Industries requires the contractor to provide a surety bond. The electrical… Continue Reading →
In most states an auctioneer must file a surety bond with his licensing authority. In North Dakota an auctioneer must provide a $5,000 auctioneer bond to the Public Service Commission. The bond is payable to the State of North Dakota for… Continue Reading →
In 2008, the New Mexico legislature passed a law requiring contractors to carry a $10,000 Consumer Protection Code Bond to satisfy the financial responsibility requirement for licensure. As of July 1st, 2009, all new licensees and all renewals of licenses… Continue Reading →
The Utah Alcoholic Beverage Control agency issues a variety of different licenses to those selling alcoholic beverages. Most license types require a surety bond to guarantee the payment of certain license fees and taxes. Restaurant liquor bond, package agency liquor… Continue Reading →
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