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On September 12, the electronic execution and filing of surety bonds took effect as the National Multistate Licensing System and Registry (NMLS) formally adopting the electronic surety bond (ESB).Electronic bonding replicates the bond execution process – the signing of the bond form by the principal and surety and physically delivering the form to the Obligee …
If yours is a business that deals with alcohol, then you may need to have an alcohol tax bond. This is a bond that states or local governments may require from businesses to sell alcohol to guarantee that taxes and fees that are imposed will be paid. This relates to businesses that sell, manufacture, or …
As a consumer, are you truly aware of what types of laws or bonds have been put into place to protect you? At some point or another, most of the businesses you shop at are required to agree to a surety bond to legitimize their business. So how exactly do these bonds affect you? There …
How Do Surety Bonds Protect Consumers: A Consumer’s Guide Read More »
Unless you’re an expert, what you think you know about surety bonds may not be that accurate. There are a lot of myths and misconceptions out there. However,surety bonds are not nearly as expensive or confusing as many may think. If you are in the market for a surety bond, we want to dispel some …
Surety bonds exist for a wide variety of reasons and situations, benefitting and protecting the financial and contractual well-being of a defined party. When it comes to estate and will enforcement after an individual has passed, executor bonds serve as the defining law promising the administration and settling of such contracts. Although laws vary by …
Executor Bonds: Valuable Protection For Your Estate Read More »
VA fiduciary bonds serve to protect veterans who have experienced mental health trauma or diseases that render them incapable of managing their finances on their own. In situations where veterans or their families are deemed mentally incompetent and unable to manage their finances, these bonds ensure veterans will have a fair chance at reestablishing their …
When it comes to surety bonds, many do not know what they are, especially when there is a necessity for one. If you, like many others, are being required to seek a surety bond by an obligee and do not understand what they are and what they entail, here is everything you need to know. …
