On July 29th, 2015, Public Act 99–0178 became law, allowing use of an Illinois Mechanics Lien Release bond to remove encumberances arising from improvement work on real property or for monies due to a general contractor. The Illinois Mechanic’s Lien… Continue Reading →
Effective November 1st, 2015 the Commission of Insurance will require an enhanced Oklahoma Public Adjuster surety bond in the amount of twenty five thousand dollars. The new bond penalty has been increased from ten thousand dollars. The law requires that… Continue Reading →
Effective August 1st, 2015 the bond penalty of the North Dakota Water Well Contractor surety bond has been increased from two thousand dollars to fifteen thousand dollars. The original surety bond threshold for a monitoring well, pump and pitless unit,… Continue Reading →
Effective August 15th, 2015, the Missouri Pesticide Applicator surety bond threshold has been raised from $25,000 to $50,000. The “financial responsibility” requirement was increased by Senate Bill 12. Among other changes the new statute also eliminates the provision of the… Continue Reading →
By June 1st, 2015, all P.I.s that wish to be licensed or renew a current license will have to provide the mandatory Colorado private investigator bond. The State of Colorado overhauled the licensing statute in 2014 to come in to… Continue Reading →
This law has been on the books for a LOOOOOONG time and its not news to contractors, CPAs and attorneys who deal with contract surety bonding on a day to day basis. We came across this very good piece wanted… Continue Reading →
The State of South Dakota’s Appraisal Management Company Registration Program has been recently amended to require a South Dakota appraisal management company surety bond from EVERY registrant operating within the state. The new surety bond requirement is effective as of… Continue Reading →
An auto dealer must file a Maine motor vehicle dealer bond with the Secretary of State unless he or she deals exclusively with equipment and light trailers. State statute defines a motor vehicle dealer as a person engaged in the business… Continue Reading →
A license and Kentucky gasoline dealer bond are required in order to refine, produce, distill, manufacture, blend, compound, receive, use, sell, transport, store, or distribute any gasoline or special fuel. Pursuant to KRS §138.310, sale, storage or transportation of any gasoline… Continue Reading →
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