As of January 1, 2018, Illinois motor vehicle dealers and remittance agents will be subject to a substantial increase to the amount of their state-required surety bonds. Senate Bill 1556 was enacted on August 30, 2017 and increases…
The state of Oregon has passed legislation amending requirements and bond amounts for those applying for Oregon motor vehicle dealer certification. These changes go into effect on January 1, 2018, in accordance with the passage of…
Hawaii real estate appraisal management companies are now required to obtain a $25,000 surety bond with the passage of House Bill 50. The surety bond requirement is included in legislation that was passed to comply…
Effective October 4, 2017, the minimum surety bond amount required for Maine motor vehicle dealers is increasing with the passage of Maine House Bill 1084 . Previously, the bond amount ranged from $5,000 to $25,000. Under the…
Effective August 1, 2017, every Alabama money transmitter will be required to post a surety bond of at least $100,000 with the Alabama Securities Commission to be in compliance with Alabama House Bill 215. Currently, the maximum Alabama money…