With the passage of Senate Bill 22, third party administrators in Maryland must now provide a surety bond with their application materials. What is a Third Party Administrator? According to the Maryland legislation, a third…
Effective October 2020, Alabama House Bill 393 updates several of the regulations established by the Code of Alabama 1975 pertaining to the motor vehicle dealer license issuance process such as increasing the surety bond requirement…
Signed into law by Governor Kevin Stitt on April 18, 2019, the Oklahoma Small Lenders Act restricts deferred deposit loans—also called payday loans— in which borrowers receive a small, high-interest loan and agree to pay…
Nevada passed Assembly Bill 280 on May 25, 2019. Effective immediately, the bill modifies Nevada’s document preparation service requirements by changing the amount of the surety bond required to register with the Secretary of State. The legislation…
Enacted January 2019, California Assembly Bill 3126 adjusts the financial security requirements for a contractor license by no longer allowing substitutes for a contractor’s license bond. Prior to the amendment, contractors were allowed to post…