Virginia Contractors Given Surety Bond Option
Class A and B Virginia contractors will have the option to post a surety bond to satisfy the minimum net worth requirement following the passage of Senate Bill 1113, which takes effect July 1, 2017. If…
Colorado VIN Verification Subject to New Bond
Signed into law on March 16, 2017, HB 1105 calls for the chief of the Colorado State Patrol to create a pilot program by January 1, 2018, authorizing transportation management associations and organizations to engage in the…
Virginia Mineral Mine Operators See Surety Bond Increase
Virginia mineral mine operators’ surety bond has increased following the passage of House Bill 1509. The new law takes effect on July 1, 2017. Under current law, mineral mine operators must provide a surety bond in…
Nonresident Employers in Wyoming Face Surety Bond Increase
Wyoming nonresident employers’ surety bond amount will increase following the passage of House Bill 221. The Insider covered this bill before it was passed in Part 3 of last month’s legislation watch series. Nonresident employers are those…
D.C. Student Loan Servicers Need Surety Bond
Washington, D.C. student loan servicers will need to post a surety bond following the passage of B21-0877. Student loan servicers handle billing and other services like loan consolidation and repayment plans. The bill became law…