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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Boat dealers will be required to be licensed and to also post a surety bond in the amount of $50,000 from a corporate surety company. The bond will be...
Under a new assembly bill the security requirement for service contract providers will be appealed. Currently the law requires the provider to post so...
Bond requirements for money brokers will be revised through this bill. Under current law a $25,000 surety bond is required to be posted. Through the n...
Temporary work camp housing and procedures for installing and removing the structure will be provided through this bill. The housing put up through th...
Any property that has not been legally occupied for at least 12 months and is in need of rehabilitation will be in line for new procedures produced by...
Real estate closing agents will be required to post a $100,000 surety bond that will secure the closing agent’s cooperation with the applicable law an...