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…
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…
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….
Surety Bond Option for Iowa Vehicle Service Contract Companies
Following the revision of regulations by the Iowa Insurance Division (IID), motor vehicle service contract companies in the state can substitute surety bonds for reimbursement insurance. The regulations were adopted in September and took effect on November 2,…
School Choice Programs in Many States Require Surety Bonds
During the past year, Oklahoma, Tennessee and Wisconsin have adopted or revised various surety bond regulations regarding school choice programs. In many states, private and charter schools must maintain surety bonds to protect students in the…