It’s no secret that surety is a niche industry—many people are unaware that it even exists until they encounter a bond requirement to carry out some other job or conduct a certain type of business. At the…
As the price of oil continues to drop, motor vehicle dealers nationwide are seeing a historic increase in sales. In fact, Chris Isidore of CNN Money reports that automotive sales in 2015 surpassed the previous record,…
The Surface Mining Control and Reclamation Act of 1977 (SMCRA) established regulations for coal mining companies and required them to “reclaim” the land they had disturbed through mining. Companies are required to post a reclamation surety…
The passing of North Carolina House Bill 721 clarifies that surety bonds are an accepted form of performance guarantee for subdivision developers. The bill also deletes ambiguous language in the existing legislation. The bill became effective…
New Hampshire House Bill 666 went into effect on January 1, 2016, establishing licensing procedures for money transmitters in the state. The changes appear in Revised Statutes Title 36, Chapter 399-G. The enacted bill includes a…