Articles by Audrey Addo

Pennsylvania Mortgage Servicers Need Bonds

Pennsylvania Senate Bill 751 was passed on December 22, 2017, meaning Pennsylvania mortgage servicers must be licensed to work within the state of Pennsylvania. The bill requires mortgage servicers to obtain a $500,000 surety bond to protect consumers…


New Regulations for Michigan Copper Mines

Signed into law on May 30, 2017, Michigan Senate Bill 129 establishes new licensing and financial assurance requirements for small native copper mines. The new law requires, among other things, that mine operators must post a $50,000 bond…




Car Wash Bond Increase for NYC Operators

Effective December 4, 2017, the New York City Department of Consumer Affairs will begin requiring all New York City car wash operators to obtain a $150,000 surety bond as part of the licensing requirements. Previously, the…