Class A and B Virginia contractors will have the option to post a surety bond to satisfy the minimum net worth requirement following the passage of Senate Bill 1113, which takes effect July 1, 2017. If…

Virginia mineral mine operators’ surety bond has increased following the passage of House Bill 1509. The new law takes effect on July 1, 2017. Under current law, mineral mine operators must provide a surety bond in…

Wyoming nonresident employers’ surety bond amount will increase following the passage of House Bill 221. The Insider covered this bill before it was passed in Part 3 of last month’s legislation watch series. Nonresident employers are those…

Washington, D.C. student loan servicers will need to post a surety bond following the passage of B21-0877. Student loan servicers handle billing and other services like loan consolidation and repayment plans. The bill became law…

New Jersey private career schools must purchase and file a surety bond that is $20,000, or 5% of the annual gross tuition income from the previous 3 years, whichever amount is greater. Private career schools…