The Nationwide Multistate Licensing System (NMLS) is getting rid of the paper surety bond that has traditionally been required and will go electronic. The electronic surety bond (ESB), which will be introduced on September 12, 2016, will…

Viatical settlement brokers and providers in Nebraska will need to post an increased surety bond following revisions to the Nebraska Revised Statutes (NRS). Their required surety bond amount increased from $50,000 to $250,000. There is a small…

Tiny house dealers in Utah need to post a surety bond and become licensed before opening a business. The Department of Occupational and Professional Licensing (DOPL) regulates dealers of tiny houses and issues their licenses. Tiny house dealers must register with…

As several U.S.-based coal companies face declining stock prices, bankruptcies and the lowest production rates since the 1980s, their ability to honor self-bonding obligations has been called into question. There are nearly $4 billion in outstanding self-bonding obligations among…

Peabody Energy, a St. Louis-based coal mining company, has purchased surety bonds to cover reclamation costs in Colorado. The bond purchase follows a complaint filed by WildEarth Guardians—an environmental advocacy group whose efforts are focused on…