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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Legislation was recently passed that now places Alaska-based mortgage bankers and mortgage brokers under the direct regulation of the state’s Division...
We recently posted an article on the two major categories of surety bonds: Contract Bonds and Commercial Bonds. However, another less common yet signi...
For many new to the surety bonds industry, the renewal process can difficult to initially grasp. The purpose of this post is to shed light on the timi...
To understand surety bonds, and how they work, it is best to start off by breaking them down into larger groups or categories. There are two major cat...
If you’re like most people, you probably have no clue what a “surety bond” is. There are a lot of people out there that may have been required to pur...
A “surety bond” is a three-party agreement between the following people or entities:
1. Principal
2. Obligee
3. Surety
The principal is the perso...