Many state legislative sessions are currently adjourned sine die, meaning that they have finished their work for the year. Some, however, are still enacting legislation affecting bonding requirements for industries such as money transmitting. Indiana:…
Legislation is being enacted in sessions around the country, with states passing bills affecting industries from vehicle dealing to hemp farming and more. Alabama: Registration of Motor Vehicles Alabama House Bill 221, effective October 1,…
Effective September 1, 2021, Texas House Bill 3533, will increase the surety bond required for motor vehicle dealers in the state from $25,000 to $50,000. The bill explains the Texas Department of Motor Vehicles may…
Legislation is being passed in sessions around the country, and two states in particular have passed some new legislation that impacts bonding requirements. Texas auto dealers and South Carolina pawnbrokers may find themselves impacted by…
Alaska House Bill 36, which is currently awaiting signature but will go into effect 90 days after it is signed, amends the state’s license application process for motor vehicle dealers. Most notably, it increases the…