Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
For those who are dealing with obtaining their first surety bond, it is frequently stunning and disconcerting the amount of detailed private information that is asked for.
Read MoreThe Miller Act, originally passed in 1935, is the federal law that requires contract surety bonds on federal construction projects with contract values equal to or greater than $150,000. The Act requires that contractors working on federal projects must post two bonds: a payment bond and a performance bond.
Read MoreWell managed construction contractors are well aware of the trend toward more onerous and inequitable contract terms showing up with greater frequency in modern construction documents.
Read MoreA collection agency is a third party agent of a creditor. Given the fiduciary and other legal duties placed on commercial debt collectors, most states now require agents to be licensed and to post a collection agency bond.
Read MoreInjunction Surety Bond is type of court surety bond that is required of one of the two parties involved in a legal dispute.
Read MoreAs an auto dealer business owner, you probably know that surety bonds are typically required as a part of the dealer licensing process.
Read MoreThe Florida Pawnbroker License is a $10,000.00 bond. This bond is available in 1, 2, or 3 year terms.
Read MoreBy definition, Mortgage Broker Bond (also known as Finance Lender Broker Bonds/ Mortgage Lender Bonds) is form of insurance that protects a customer from illegal or unethical activities on the part of the mortgage broker.
Read MoreWhen you are looking into getting surety bonds for construction projects, whether you’re looking for a bid surety bond or performance surety bond, the surety company is providing you a form of credit.
Read MoreAs a customer yourself, you probably prefer hiring a company that is “Bonded and Insured”. Now, when you’re staring your own business, one of the most important steps is to get Bonded and Insured.
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