The newly increased surety bond requirement for Alabama motor vehicle dealers announced in 2019 will go into effect October 1, 2020. AB-393 amends many of the existing requirements for licensees, but the bond amount change…
Effective on August 28, 2020, Missouri House Bill 1963 modifies an existing law by introducing an increased surety bond requirement for motor vehicle dealers. Under the bill, dealers must post a $100,000 surety bond or…
Enacted legislation plays a vital role in the surety bond industry, especially when it comes to commercial surety. New bills often bring changes to licensing and bonding requirements, such as an increase or decrease of…
Surety bonds are a form of consumer protection. Bonds protect consumers from businesses when those businesses fail to adhere to applicable rules and regulations. In the financial sector, for example, surety bonds may be required…
This summer on the SuretyBonds.com blog, we’re spotlighting small businesses that found the bonds they needed with SuretyBonds.com. The SuretyBonds.com Small Business Spotlight series will focus on small businesses across industries and the best practices…