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Contract Surety Bond Approvals ~ How to Get Your Performance Bond Approved

Contract surety bond approvals should be easier. One of the most frustrating parts of being a contract surety bond underwriter is having to decline bonding capacity to a contractor that you feel possesses the prerequisite experience, expertise, character and financial… Continue Reading →

STAMP Bond ~ Medallion Signature Guarantee Program Surety Bond

Current code obligates a transfer agent to accept responsibility for irregular or improper securities registrations. When a particular security is transferred a transfer agent relies on the representations of a Medallion Guarantor. A stamp issued by a Medallion Guarantor is… Continue Reading →

Georgia Supersedeas Bond (Appeal Bond)

Chapter 5 of the Georgia Appellate Handbook specifically addresses the Georgia supersedeas bond requirements for appellants. Pursuant to the Handbook, “A supersedeas bond is not automatically required in cases in which a notice of appeal has been filed and the appropriate… Continue Reading →

Colorado Mechanic’s Lien Release Bond

Under Chapter 38 of Colorado’s general statutes, contractors, laborers and materialsmen have a right to file a mechanic’s lien where payments due under contract have not been made. A mechanic’s lien is a definitive encumbrance which can complicate, delay and… Continue Reading →

Fianza ~ Garantía de Arrendamiento

Si usted opera un local comercial una fianza que garantiza su pago de alquiler puede ser un atractivo esencial para el terrateniente. Una fianza garantía de arrendamiento (lease guarantee bond) es común y mayormente exigida de las empresas nuevas sin… Continue Reading →

South Carolina Pawnbroker Bond Requirement is Now $15,000. ~ Surety One, Inc. Surety Bond MGA

For many years the state Pawnbroker Act has required a South Carolina pawnbroker bond, one of several requirements for licensing a pawn shop. Recent legislation has continued the suretyship requirement and increased the amount of bond. The state statute defines a… Continue Reading →

California Student Loan Servicer Surety Bond

On July 1st, 2018, the California Student Loan Servicing Act comes in to effect licensing financial professionals that service student loans. Per the statute the Act will “prohibit a person from engaging in the business of servicing a student loan in this state,… Continue Reading →

Pharmaceutical Drug Facility Surety Bond

Every business that engages in the wholesale distribution of prescription drugs including but not limited to manufacturing in the State of Mississippi or that sells or offers to sell drugs must register annually with the Mississippi Board of Pharmacy and provide the appropriate pharmaceutical drug… Continue Reading →

Vermont Consumer Litigation Funding Company Surety Bond

Effective May 24th, 2016, a license and a Vermont consumer litigation funding company surety bond are required of all prejudment purchasers of potential lawsuit awards. The statute defines litigation funding as, “a nonrecourse transaction in which a person provides personal expense funds… Continue Reading →

California Credit Services Organization Bond

In California, a credit repair specialist must follow mandatory registration protocols and file a California credit services organization bond in order to offer his or her services with the state. A “certificate of registration” is required of all market participants…. Continue Reading →

DMEPOS Surety Bond Requirements

Effective May 4th, 2009, the U.S. Department of Health and Human Services (DHHS), Medicaid and Medicare Services instituted new protocols for obtaining billing privileges which included a DMEPOS surety bond. Pursuant to federal code §424.58, a DMEPOS supplier means a supplier of… Continue Reading →

What Is a Financial Institution Bond

“Formerly known as a bankers blanket bond, and sometimes referred to as a fidelity bond, the financial institution bond as it is commonly known, is simply an insurance policy.  Though the term “insurance policy” does not typically appear in its… Continue Reading →

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