Surety Bond Blog

SURETY BOND UPDATE: Surety Bond Requirement for Mortgage Loan Servicers is Reinstated in New York

As of July 23, 2017, the Superintendent of Financial Services of the State of New York has reinstated Part 418 of the Superintendent’s Regulations and Supervisory Procedures. This section will obligate non-exempt mortgage loan servicers (MLS) to register with the … Continued

SURETY BOND UPDATE: Bigger Opportunities for Small Contractors in New Jersey Thanks to the Amended SBA Surety Bond Program

The U.S. Small Business Administration has recently announced the changes made to the Surety Bond Guarantee (SBG) Program which will benefit small contractors in the State of New Jersey. The amended program – which started on the 20th of September … Continued

How Does a Surety Evaluate a Principal’s Ability to Perform?

Evaluating a principal’s ability to perform an obligation is the final step in the underwriting process. Your ability to get bonds starts, and may end, here. To get approved for surety bonds you will need to provide your surety company … Continued

Surety Bond Authority Makes Its Surety Bond Services Available in Arkansas

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California-based bond provider now offers surety bonds for businesses and individuals in The Natural State Los Angeles, CA, September 23, 2017 – Surety Bond Authority, Inc., a California-based bonding company, has now reached Arkansas to offer its many available surety … Continued

How to Cancel a Surety Bond

State laws have been enacted in recent years which restrict Principals from effecting cancellation or nonrenewal except under specified circumstances. Providing the Surety a written notice that reasons the need for cancellation is helpful for determining if we are allowed … Continued

Surety Bond Authority Introduces Surety Bond Services to New Mexico

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California-based Surety Bond Company to bring surety bonds and consulting services to The Land of Enchantment. Los Angeles, CA, September 13, 2017 — Surety Bond Authority, Inc., a surety bond provider headquartered in Woodland Hills, CA, is now providing accessible … Continued