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Federal Bonds

Historical Significance of Surety Bonds

Surety bonds have been around for some time, and have taken many different forms. Surety bonds written on stone tablets throughout history have been discovered. It is fascinating to know that long before present day, people were already conducting business according to written agreements known currently as surety bonds.
In 2, 750 B.C., a farmer had to leave his farm since he …

 

BMC-85 and BMC-84 Surety Bonds

Why are Freight Broker surety bonds required? 
The Federal Motor Carrier Safety Administration (FMCSA) requires freight brokers and forwarders to have a freight broker surety bond. A surety bond is an agreement between 3 participants- the principle, the obligee, and the surety.
A Freight Broker  surety bond aims to hold motor carriers to a stricter standard which prevents unqualified people from …

 

H2A Farm Labor Contractor Guide

 
What is a Federal Farm Labor Contractor?
A farm labor contractor is one who employs workers to maintain farmland for profit. If one finds himself/herself: Recruiting, Soliciting, Employing, Supplying, Transporting, or Hiring farm laborers, he/she will need to be bonded.
Farm laborers are sometimes migrant workers, but that does not mean that a contractor may take an unfair …

 

Freight Broker Bonds, Explained

Freight Broker Bonds, Explained

What is a Freight Broker and What Do They Do?
A freight broker assumes the role of the middlemen between buyers and sellers. Freight brokers can be either a company or an individual that pairs shippers with the appropriate transportation services in order to effectively move goods.  Freight brokers are the responsible party for finding someone to transport the goods for the …

 

Environmental Bonds for Contractors

What are Environmental Bonds?
Environmental bonds help contractors meet federal regulations. They ensure remediation projects and hazardous materials are fully covered within the bond and that the bond is in line with federal standards. and allow contractors to do projects that may be potentially harmful to the environment and that harm could become a liability. The risk management for environmental contractors can be …

 

How to Start an Import/Export Business

How to Start an Import/Export Business

Starting an import/export business can be very easy and fairly inexpensive to start up.  This blog post will discuss the how you can start an import/export business and how bonds and custom brokers can play a role in your business. 
Determine the Type of Import/Export Business You Wish to Open
There are three different kinds of import/export businesses. An export management company …

 

The History of Surety and Suretyship

A Brief History of Surety
The principles of suretyship and of surety are not new to the world. While many may not even know what a surety bond is, there is a very deep and rich history of surety and suretyship. The ideals of suretyship are widely traveled and have spread to more corners of the earth than many of us …

 

The History of Paved Roads In America Part 2

The History of Paved Roads In America Part 2

The History of Paved Roads In America Part 2 – Eisenhower’s Effect on the American Interstate Highways
1953—Eisenhower takes office
President Dwight D. Eisenhower came into office in 1953. Before this, he was a commanding general for the United States during World War II. He led his forces to victory in Europe. He is well known for lessening the tension …

 

The History of Paved Roads In America Part 1

The History of Paved Roads In America Part 1

The history of paved roads in America before the Eisenhower administration.
Americans travel many miles on paved roads every day. We use roads to get us to work, home, or a night on the town. Despite how often we use roads, we rarely think about their colorful pasts. Paved roads have come a long way since they were first made in …

 

Exploring NMLS: A Great Resource for the Mortgage Industry

Exploring NMLS: A Great Resource for the Mortgage Industry

 
The Nationwide Multistate Licensing System and Registry (NMLS) is an important resource for the mortgage industry.  NMLS was created by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) to apply the benefits of local, state-based financial services regulation on a national level. NMLS serves as a “system of record for …