Rhode Island Banking Regulation 6 Reevaluated
Rhode Island Banking Regulation 6 (more formally known as Surety Bond and Minimum Net Worth Pursuant to the Secure and Fair Enforcement Mortgage Licensing Act of 2009) is set to go into effect Jan. 18….
Surety Bond News
SBA given authority to approve higher bonds for disasters
The Small Business Administration’s Office of Surety Guarantees typically assists contractors in securing needed surety bonds up to $2 million. A new law gives the SBA the authority to approve surety bonds up to $5…
Illinois Community Currency Exchange Bond
Effective March 2010, the Director of Financial Institutions of Illinois offers a new kind of currency exchange bond that is available to certain enterprises that operate within the state. This bond has become increasingly relevant…
Surety Bonds Needed for Mixed Martial Arts Operators
Mixed martial arts is a rough sport. State legislatures are increasingly taking note and requiring promoters have surety bonds to protect against possible damage to people or property during matches. The latest state to look…
Bonds Protect Companies Against Rise in Employee Theft
‘Tis the season for shoplifting. A piece in an edition of this week’s New York Times highlighted the rise in employee theft at retailers nationwide. For many, fraudulent gift cards are the weapon of choice….