Surety Bonds Blog
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At the center of the surety bond process is the obligee—the party who requires the bond. While much attention is often given to the principal (the party who must fulfill an obligation) and the surety (the company that backs the bond), the obligee plays a critical and often overlooked role. This is t...
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SB 2091: Viatical Settlements Act
A Surety bond in the amount of $125,000 must be posted in order to insurance financial responsibility for licensed ...
HB 169: License Bond—Mortgage Brokers and Lenders
This will repeal the existing bond requirements for mortgage lender and brokers. The previous law r...
SB 1218: License Bond – Mortgage Brokers
This bill will incorporate the federal definition that a mortgage loan originator will be required to be cov...
HB 682: Public Official
Under HB 682 Byron City Council is now authorized to hire a city an administrator. The administrator will now be required to ...
HB 441: Tax Bond
HB 441 will require the principal to obtain a surety bond in connection with an expedited refund on a sale and use tax refund claim....
Home Food Service Plans Act SB 117 requires sellers of this plan to be licensed and to always post a surety bond from a surety company licensed in the...