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consumer litigation funding company

Bond Legislation Updates June 9, 2016

Vermont Consumer Litigation Funding Company Bond Requirement

Those preparing to register a consumer litigation funding company in Vermont must post a letter of credit or surety bond equal to double the amount of their largest funded amount in the last three calendar years…


Bond Legislation Updates June 3, 2016

Georgia Non-Participating Tobacco Manufacturers Need Bond

Non-participating tobacco manufacturers in Georgia will soon need to post a surety bond. House Bill 899, passed in April, takes effect on July 1, 2016. Non-participating tobacco manufacturers are those that do not sign the Master…


grain dealers

Bond Legislation Updates June 1, 2016

Kentucky Warehouseman and Grain Dealers Must Post Surety Bond

All grain dealers in Kentucky will be required to post a surety bond following the passage of Senate Bill 182. The bill removes exceptions that allowed some grain dealers to avoid a surety bond requirement. Kentucky requires separate…


Motor Vehicle Inspectors

Bond Legislation Updates May 26, 2016

Arizona Motor Vehicle Inspectors Must Post Bond

On May 17,  House Bill 2444 was passed by the Legislature of the State of Arizona. HB 2444 requires motor vehicle inspectors conducting level one inspections to be bonded for not more than $25,000. This bond is specifically for…


mississippi credit

Bond Legislation Updates May 24, 2016

Mississippi Credit Availability Lenders Must Be Bonded

Senate Bill 2409, known as the Mississippi Credit Availability Act, passed on May 13, 2016 and will take effect on July 1, 2016. The Act establishes licensing and bonding procedures for payday lenders, referred to in…


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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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