Texas DMV Officials Need Surety Bonds
Some Texas public officials will need to post a surety bond following the adoption of new regulations by the Texas Department of Motor Vehicles. The rules were adopted in August but will not take full effect…
Increased Surety Bond for Georgia Driver Improvement Clinics
Driver improvement clinics in Georgia will need to post an increased surety bond following the Department of Driver Services’ (DDS) adoption of new regulations. The surety bond increased from $2,500 per clinic location to $10,000….
California Establishes License for Student Loan Servicers
California student loan servicers will now need to become licensed and post a surety bond. Assembly Bill 2251—called the Student Loan Servicing Act—will take effect in full on July 1, 2018. The Commissioner of the…
New Surety Bond Rule for Alaska Depository Institutions
With the passage of House Bill 12, some depository institutions in Alaska will need to adhere to new rules regarding mortgage loan originators contracted with the institutions. House Bill 12 takes effect on January 1, 2017….
NMLS Electronic Surety Bond
The Nationwide Multistate Licensing System (NMLS) is getting rid of the paper surety bond that has traditionally been required and will go electronic. The electronic surety bond (ESB), which will be introduced on September 12, 2016, will…