March 13th 2012
Real estate appraisal management companies in Kentucky now must obtain a surety bond in order to operate legally because of a new law. The new law is named HB 288 and requires real estate appraisal management companies to acquire a bond in an amount that will be established via regulations; but it will not be greater than $500,000.
February 11th 2012
Montana mining operators are affected by new legislation. The new law, which is named, HB 533, authorizes the Board of Land Commissioners to decide whether or not a surety bond will be required of mining operators to guarantee the payment of royalties to the Board. The previous law always required the surety bond.
January 5th 2012
Mississippi legislators have enacted a new bill that concerns proprietary schools within the state. The new bill is named SB 2771 and modifies the surety bond requirements for proprietary schools which previously called for a $50,000 bond. SB 2771 now allows the Commission on Proprietary School and College Registration to establish the size of the bond. The new bill also terminated the amount of the bond for a proprietary school agents. Previous legislation required a $10,000 bond for a permit to become an agent of the school, and blanket bonds were also acceptable to cover all of the school’s agents. SB 2771 now only states that the agent’s bond must be acceptable to the Commission on Proprietary School and College Registration.
September 23rd 2011
Maryland State has added a new law relating to debt settlement service providers. The new law is named SB 741/HB 1022 and requires debt settlement service providers to obtain a surety bond if they have a client deposit funds in an account for the payment of debt settlement fees. The surety bond required must be $50,000 and must be issued by a state authorized surety company. The new law will be effective October 1, 2011.
July 26th 2011
About two weeks ago I wrote about a potential breakout trade in the bond market. Well since that post the bonds have indeed broken out of its sideways consolidation. The bond market made a fresh new high today. You can read my post from two weeks ago by clicking here.