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surety bond

What is a Surety Bond? Learn more about surety bonds

Suretyship has been around a LOOOOOONG time. There are records of surety bond accords that stretch back the the Code of Hammurabi. The first “modern” definition for suretyship in the United States was given by George Robert Wentz in the… Continue Reading →

Virginia Contractors License Bond

A Virginia contractors license bond is required under certain circumstances when a contractor applies for authority to operate in the Commonwealth. The trigger for the surety bond requirement is contractor “net worth”. Virginia contractors are classified by the Department of… Continue Reading →

North Carolina Invention Development Bond

A North Carolina invention development bond is one of the items required in order to be licensed as an invention development service. Doing business in the State as an “invention developer” is defined in North Carolina General Statutes § 66-209(5). A developer is an… Continue Reading →

South Carolina Mechanic’s Lien Release Bond

South Carolina statutes allow owners and contractors to file a South Carolina mechanic’s lien release bond to free a parcel of real property from a labor or material lien. Section 29-5-110, titled “Release of lien upon filing written undertaking and security”,… Continue Reading →

Pennsylvania Supersedeas Bond

Appeal from a civil judgment will require filing of a Pennsylvania supersedeas bond to stay enforcement of execution on the judgment. Pursuant to Rule 1731. Automatic Supersedeas of Orders For the Payment of Money: (a) General Rule.—Except as provided by subdivision… Continue Reading →

Illinois Highway Permit Bond (Individual and Blanket Surety Bonds)

An Illinois highway permit bond and permit are required under law (605 ILCS 5/4 209) when performing any work that encroaches or touches upon the right-of-way of an Interstate, U.S. state route, Illinois state route, or state-maintained roadway. The Illinois Department… Continue Reading →

Utah Investment Adviser Bond

A financial adviser in the state of Utah must be licensed and post an Utah investment adviser bond if he or she receives compensation for providing advice on securities and other investments. Licenses are issued by the Utah Department of… Continue Reading →

Arizona Supersedeas Bond

Taking an adverse verdict in the Arizona trial courts can lead to immediate collection actions by the prevailing party. An Arizona supersedeas bond is an instrument available to appellants which can effectively stop all judgment enforcement activity. Under the Arizona… Continue Reading →

Appraisal Management Company Bond

Currently over twenty states require that appraisal management companies procure and file an appraisal management company bond with the various state boards of real estate appraisal and consumer affairs agencies. Following the banking sector melt-down and subsequent crippling of financial… Continue Reading →

Washington Mechanic’s Lien Release Bond

Sooner or later a general contractor will have a conflict with a subcontractor. A Washington mechanic’s lien release bond is an effective and immediate remedy, allowing the GC to deliver a lien-free project to his or her client. Washington statutes… Continue Reading →

New Jersey Appraisal Management Company Bond

By November, 2017 all AMCs must post a New Jersey appraisal management company bond in order to conduct operations within the state. Assembly Bill 1756, originally introduced in 2013 will be implemented by the State Real Estate Appraiser’s Board and new… Continue Reading →

Georgia Mechanic’s Lien Release Bond

A Georgia mechanic’s lien release bond is a remedy available to both property owners and contractors in the State of Georgia to remove or “bond off” a lien on real property. Also referred to as a Georgia lien discharge bond,… Continue Reading →

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