What's the New Surety Bond Requirement? In the state of Wyoming, a new bill titled HB 30 increases the minimum amount of the surety bond required for trust companies from $100,000 to $1 million. The bond is required to secure the costs that the State Banking Commissioner incurs if the trust company …

Throughout the world, the idea of using money to pay for goods and services is not a complicated thought for consumers. On the business side of transactions, the movement of money can become more complex, especially for companies that operate as money transmitters. While there is no hard and fast …

Requiring Private School Surety Bonds Could Have Saved Students from Losing Millions in Tuition Fees In early December, Education Corporation of America (ECA) abruptly announced its decision to close 75 campus locations throughout the nation, including those of Virginia College and Brightwood …

What's the New Surety Bond Requirement? In North Carolina, money transmitters that handle cryptocurrencies must obtain a cryptocurrency surety bond. The required bond amount will range from $150,000—$250,000, and will vary depending on the applicant. In addition, supplementary insurance will be …

  If you are a licensed auto dealer, you've surely dealt with obtaining a surety bond as a requirement for your license. Hopefully you haven't dealt with surety bond claims. However, it helps to be informed and prepared in case you do get a bond claim in the future.