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Performance Bonds, Some Secrets to Qualifying for Surety Bonds

A frustrating part of being a contract surety bond underwriter is finding oneself obligated to decline a performance bond to a contractor that appears to possess the prerequisite experience, expertise, character and financial strength to accomplish his or her project. The review… 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 →

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 →

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 →

Florida Citrus Fruit Dealer Bond

A Florida citrus fruit dealer bond is required under state statute of brokers and dealers of all citrus products. As per F.S.S. 601.03, “Citrus fruit dealer” means any consignor, commission merchant, consignment shipper, cash buyer, broker, association, cooperative association, express… Continue Reading →

Arizona Collection Agency Bond

Debt collection specialists must provide an Arizona collection agency bond and obtain proper licensing before operating in the State of Arizona.  State statutes define a “collection agency” as; (a) All persons engaged directly or indirectly in soliciting claims for collection or… Continue Reading →

Hawaii Investment Adviser Bond

A Hawaii investment adviser bond is required by the Hawaii Department of Commerce and Consumer Affairs for each registrant that has custody of or discretionary authority over client funds or securities (HI 16-39-434) and falls within specific categories of adviser… Continue Reading →

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