About the New Mexico Motor Vehicle Dealer Bond
The Motor Vehicle Dealer bond is a contractual agreement between three parties. You are the principal. The obligee is the state Motor Vehicle Division. The surety is the third party which provides the bonding. Auto dealer bonds do not protect the principal from lawsuits, but rather it protects the consumer from fraud or misrepresentation by the …
The Board of Certified Real Estate Appraisers now require real estate appraisal management companies to register and post a $50,000 bond. This new bond agreement guarantees that they will follow all applicable laws and regulations in the state in which they place appraisers in. This surety bond protects the state and the public by guaranteeing that appraisal management companies will …
How to save money on your lost securities bond for Computershare
If you have lost or misplaced securities , chances are investor relations will send you to the transfer agent that manages the shares. This may very well be Computershare as they are one of the largest transfer agencies in the country. The transfer agency will issue a “stop transfer …
When to get a Business Service Bond
If you’ve never heard of a surety bond before, you’re not alone. Most people first hear the term when told they need one. Surety bonds fall into different categories like contract, court, license & permit. There are many bond types within those categories. One of those types is a Business Service bond.
According …
Unlike traditional insurance where there are two parties involved, the insured and the insurer, a Surety Bond is a legally binding contract between three parties. The obligee, the principal and the surety company. The principal is the one who needs the bond and applies for it. The obligee is the one that requires the principal to be bonded and determines …
Bond Renewals – Surety1 Explains
What is a Bond Renewal?
To understand what a bond renewal is, we need to start with what is the bond term. The bond term specifies the period of time that a bond is active. The term will be stated on the bond form. It is the Obligee (the party that’s requiring the bond) that …
Need a Title for my Vehicle
You just bought a car and the seller did not provide you with a title to the vehicle. What can you do? Who can you turn to for help? Depending on what state you live in you may be able to get a title by first obtaining a surety bond.
The DMV in your …
Need Immigration Assistance in California?
In need of immigration assistance in California? Not every California Immigration Consultant is the same. While many abide by the Qualification Requirements, others do not. The Secretary of State’s Office is responsible for registering Immigration Consultants. They check that all required paperwork is filed and background checks are completed. They also ensure that applicants have …
On March 28th, 2019 the North Dakota Department of Financial Institutions announced that all companies currently licensed as collection agencies would be subject to a surety bond increase.
How and when does this change take effect?
Effective August 1, 2019, Senate Bill 2093 will raise this amount to $50,000. Each existing licensee will have until no later than December 31, …
What is DMEPOS Competitive Bidding Program?
The DMEPOS (Durable Medical Equipment, Prosthetics, Orthotics and Supplies) Competitive Bidding Program was created by Congress for the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. This law was passed with the intent to replace the fee schedule payment system with a contracted bidding process. This was an attempt to reduce out-of-pocket expenses …
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