Bond amounts for mortgage brokers are changing in Washington state. A new method for determining bond amounts for mortgage brokers and consumer loan licenses will take effect January 1. The requirements will now be determined…
New regulations in Texas mean a new surety bond on the market. The Texas legislature recently enacted new requirements governing companies that provide identity recovery services. Traditionally, these contracts in Texas required an insurance policy…
Aimed at protecting consumers, the Texas legislature recently passed new legislation governing mortgage originators. The law was signed into effect by Gov. Rick Perry on June 19 and took effect immediately. In short, the law…
A new initiative just launched by the Dormitory Authority of the State of New York aims to increase access to surety bonds for minority- and women-owned construction contractors. The authority’s Surety Bond/Capital Access Program will work…
Today’s Surety Market As the surety market balanced out in the mid-2000s, the underwriting process became more streamlined. Contractors now know what to expect when applying for a surety bond. A surety bond is a…