New surety bond laws frequently go into effect long before any negligible impact is felt within the industries they intend to regulate. California’s Money Transmission Act (CMTA) went into effect on January 1, and its…
Georgia House Bill 239, which amended Chapter 1 of Title 7 of the Official Code of Georgia Annotated, was passed into law and went into effect June 1. The law primarily addresses the dissolution of…
The Virginia legislature has passed a bill that raises the minimum contract amount required for bid, performance and payment bonds. House Bill 1951, entitled “Public Procurement Act,” increases the minimum contract amount from $100,000 to…
Fraudulent and other unprofessional debt negotiators in Connecticut may be looking to relocate. Recently updated surety bond requirements now place more accountability on the state’s debt consolidators than ever before. Public Act No. 09-208 concerns consumer…
Appraisal management companies wanting to do business in New Mexico must now post a surety bond in order to secure a license. Part of a nationwide crackdown on AMCs, New Mexico became the latest state…