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surety bond guarantee ceiling

Surety Bond News February 7, 2013

Press Release: SBA triples surety bond guarantee ceiling

The Small Business Administration (SBA) released the following information in a press release dated January 6, 2013. SBA Triples Surety Bond Guarantee Ceiling; Helping Small Businesses Secure Larger Contracts and Grow WASHINGTON – A major…


Prior notice is now required for Indiana payment surety bond claims

Bond Legislation Updates February 4, 2013

Prior notice now required for Indiana payment surety bond claims

As of July 1, 2012, Indiana requires that anyone planning to file a claim against a payment surety bond must provide notice. This requirement also pertains to claims against amounts retained for public works projects….


If you have a lot car title in Florida, you now need a surety bond

Bond Legislation Updates January 30, 2013

Those with lost car titles in Florida now need surety bonds

As of January 1, 2013, Florida now requires that individuals file a lost car titles surety bond with the state if they own a vehicle without a valid certificate of title. This new requirement was…


electronic learning programs

Bond Legislation Updates January 28, 2013

Maryland post-secondary electronic learning programs need surety bonds

As of July 1, 2012, Maryland distance electronic learning programs must file post-educational institution surety bonds. Maryland SB 843 and HB 1223 — which were signed by Gov. Martin O’ Malley on May 22, 2012…


Texas medicaid

Bond Legislation Updates January 17, 2013

Texas Medicaid providers must purchase bond

On January 10, the Texas Medicaid and Health Partnership provided the following statement in a news release. “Beginning January 1, 2013, all newly enrolling and re-enrolling Durable Medical Equipment (DME) providers must, as a condition…


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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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