If you are a contractor in the public works sector, you likely know about bid, performance, and payment bonds. You also likely know that qualifying for bonds depend on the financial condition of your company, personal finances, and experience as a contractor. Bonding is a lot like applying for a loan. Similar to lending, a contractor qualifies up to a …
The Maine Mortgage Loan Originator Bond is a $25,000 surety bond required to obtain a license to become a loan originator in Maine. The bond is in place to protect the public and the state of Maine from the consequences of dishonest or incompetent loan originators. It is NOT INSURANCE for the loan originator. The bond is part of the …
Washington Private Investigator Bond
The Washington Private Investigator Bond consists of three parties: the state, the private investigator, and the surety company. The Washington Department of Licensing’s Public Protection Unit requires a bond from all licensed private investigators. If the private investigator acts against the provisions of the bond and injures a person or group as a result, the harmed …
Nevada Legal Document Assistant Bond
A legal document assistant must be bonded and licensed in order to be a legal representative for the public in the State of Nevada. The Nevada Legal Document Assistant bond guarantees the privacy of the information that the legal document assistant has access to. The bond also ensures the protection of the public and the …
New York Hazardous Waste Bond
The Commissioner of the Department of Environmental Conservation requires any business that manages land or structures that treats or disposes hazardous waste to file a bond. The New York Hazardous Waste bond ensures a business has adequate funds for the proper closure of hazardous waste facilities. Proper closure of hazardous waste facilities includes minimizing the …
Kentucky Investment Advisors Need a Bond
The Kentucky Department of Financial Institutions requires all licensed investment advisors of Kentucky hold a bond. The Kentucky Investment Advisor Bond ensures that the investment advisor handles his or her client’s funds and securities legally and ethically, complying with the Kentucky Securities Act. The bond protects the public and the government from any harm …
California Commercial Fundraiser Bond for Charitable Purposes
Three Parties of the Commercial Fundraiser Bond
The California Office of the Attorney General requires the commercial fundraisers to file a bond to conduct business. This bond consists of three parties: the obligee (the state), the principal (commercial fundraisers), and the surety company. If a commercial fundraiser conducts unlawful acts within their business, …
Three Parties of the California Commercial Information Requester Bond.
The California Commercial Information Requester Bond is a three-part agreement among the obligee, the principal, and the surety company. California DMV (obligee) requests the bond from the CA Commercial Information Requester (principal). The DMV requires every commercial information requester to file a surety bond. If the commercial information requester does not comply with …
Look for Bonded Auto Dealers before Purchasing Car
As a prospective car buyer, it is your legal right to ensure an auto dealer holds a bond. We highly recommend checking an auto dealer’s license and bond before considering their business. This bond protects consumers, regardless of how you paid or whether the vehicle is new or used. Bonded auto dealers …
As of July 7, 2017, West Virginia requires The Disclosure of Interested Parties to Contracts.
Passed by the State of Virginia on April 8, 2017, House Bill 2001 requires completion of the Disclosure of Interested Parties to Contracts. This amendment requires businesses file the form if planning to enter a contract(s) at a value of $100,000 or more. It must reflect any …
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