There are three main factors that companies will be assessed for when applying for a surety bond: capacity, character, and capital. There are bonds that will require other factors aside from those three. But the three C’s of surety bonds—as … Continued
When conducting a surety bond, collateral is routinely utilized to protect the surety bond company from potential loss. This article will describe the different types of collateral that are typically utilized for surety bonds. Also, we will discuss some pros, … Continued
Yes, the principal can. A surety permits the principal to make changes to the surety bond. The principal can have an information updated, corrected, or modified even if the bond is still in effect. Let’s say, for example, you acquired … Continued
Senate Passes Bill Requiring Mortgage Servicers in Oregon to Acquire a License The passing of Senate Bill 98 in August of 2017 signals a change for all mortgage servicers in the State or Oregon. All persons intending to … Continued
Cryptocurrency is a double-edged sword depending on whom you talk to, or at least read about online and in print. Some are getting a virtual high with cryptocurrencies, while others are brushing it off as nothing but a digital nuisance … Continued