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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HB 1646 License Bond – Mortgage Loan Brokers
This law requires loan brokers, mortgage loan originators and principal managers to be licensed. Also un...
HB 1287: Miscellaneous Bonds – Funeral Planning
This act requires a surety bond to be posted in order to regulate funeral planning regulations. A sur...
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 ...