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Private career schools in New Jersey need a surety bond

Bond Legislation Updates March 8, 2017

Surety Bond Required For Private Schools In New Jersey

New Jersey private career schools must purchase and file a surety bond that is $20,000, or 5% of the annual gross tuition income from the previous 3 years, whichever amount is greater. Private career schools…


auto industry

Licensing Guides February 2, 2017

Types of New York Auto Industry Professions

In the state of New York, there are several licenses you can obtain to be a part of the state’s auto industry. Find out more about the various licenses you can obtain through the Department of…


Tips for New York Used Auto Dealers

Surety Bond News January 17, 2017

Legal Tips For New York Used Auto Dealers

Used auto dealers in New York must purchase and file a surety bond for licensure. The required surety bond coverage amount depends on the type of dealership and certain business circumstances but can be up…


Bond Legislation Updates January 9, 2017

Small Businesses in NJ Granted Bonding Assistance

Senate Bill 123 was signed by Chris Christie on January 4, 2017, to assist small businesses in New Jersey. The bill was voted on unanimously and will help small businesses purchase contract surety bonds that…


CDL

Bond Legislation Updates December 15, 2016

Surety Bond for Some Nebraska Third-Party CDL Testers

Nebraska’s Department of Motor Vehicles has introduced new regulations for some driving schools conducting third-party CDL tests in the state. Regulations adopted in October require third-party CDL testers to post a $25,000 surety bond when obtaining certification….


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What is a surety bond?
What is a surety bond? Learn more below.
What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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