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Collector Car Owners

Bond Legislation Updates July 11, 2011

Colorado removes surety bond requirement for collector car owners

The passage of Colorado’s Senate Bill 11-031 modifies titling and registration procedures for collector car owners. Car collectors found the previous laws to be confusing because they were strewn throughout a few different statutes. A July…


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Bond Legislation Updates July 8, 2011

California money transmitting companies close, possibly to avoid $750,000 surety bond

New surety bond laws frequently go into effect long before any negligible impact is felt within the industries they intend to regulate. California’s Money Transmission Act (CMTA) went into effect on January 1, and its…


A Maryland man fails to appeal his sentence after he pleads guilty to surety fraud, find out more.

Surety Bond News July 7, 2011

Maryland man fails to appeal sentence after pleading guilty to surety fraud

In 2008, William Raymond Miller, II pleaded guilty to committing $535 million in surety fraud that reached states as far away as Florida. On June 30, 2011, the Eleventh Circuit of the U.S. Court of…


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Surety Bond News July 1, 2011

Surety Spotlight: Surety & Fidelity Association of America

The Surety & Fidelity Association of America (SFAA) is a trade association made up of companies that collectively write the majority of surety and fidelity bonds in the United States. The SFAA’s mission statement explains…


Contract and Construction Resources June 23, 2011

Joplin Contractor Bond Now Available

Before construction professionals can begin rebuilding structures in Joplin, they are legally required to meet local contractor licensing standards that include providing Joplin contractor bonds. The city of Joplin requires individual contractors and contracting firms…


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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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