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 →
Of the states requiring that a polygraph examiner be licensed, most also require a surety bond. A polygraph examiner license bond is ordinarily a guarantee that the examiner will act within the scope of the law, committing no wrongful or… Continue Reading →
If you repair, remodel, alter, convert, modernize or build an addition to a residential property in the District then you must provide a DC home improvement contractor bond to be licensed as a home improvement contractor. The surety bond must… Continue Reading →
The Consumer Real Estate Settlement Protection Act (CRESPA or the Act) authorized licensed Virginia attorneys, title insurance companies and agents, real estate brokers and financial institutions (or a subsidiary or affiliate thereof), to serve as settlement agents and provide “escrow,… Continue Reading →
In 2006 the New Jersey General Assembly prohibited sureties from writing blanket public official bonds to cover treasurers, tax collectors, and municipal court judges and administrators. Those parties were obligated to obtain public official bonds from the state joint insurance… Continue Reading →
The Massachusetts Division of Banks and Loan Agencies has proposed the addition of a debt collector bond in the amount of $25,000. The proposed wording, “the Commissioner ‘MAY require’ that a licensee offer a bond”, appears to be a set-up… Continue Reading →
Reported in the January/February edition of the the SFAA Newsletter, the Minority Business Development Institute (MBDI) offered its first performance bond readiness program. The Program offers a direct, one-on-one learning opportunity focused on women, minority and local, emerging contractors. MBDI’s… Continue Reading →
In order to engage in general contracting on the islands the Contractors License Board may require all general and special contractors to provide a Hawaii contractors license bond. The surety bond can be no less than $5,000. In addition to guaranteeing… Continue Reading →
A transportation of passengers broker is an individual who arranges for transportation of passengers by companies authorized by the Virginia Department of Motor Vehicles. A transportation of passengers broker surety bond is required by Virginia Code in the amount of… Continue Reading →
The Small Business Administration’s (SBA’s) Surety Bond Guarantee Program was designed to increase small businesses’ access to federal, state, and local government contracting, as well as private-sector contracts, by guaranteeing bid bonds, performance bonds, and payment bonds for individual contracts of $2 million… Continue Reading →
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