The State of Tennessee has enacted Senete Bill 4170 which requires a protest bond in order to protest or stay an awarded contract. The protest bond is required to be 5% of the lowest bid evaluated, though if the lowest bid is below one million dollars minority/small businesses may petition for an exemption from the protest bond requirement.
For those that are required to obtain a protest bond, the bond its self is payable to the State of Tennessee.
Category: Contract Bonds, HomepageComments (0)
Our state by state Auto dealer guide has been updates to include additional information such as the Obligee name and address, specific state required expirations dates for their dealer bond, and information on the latest bond form.
In additon to this Bryant Surety Bonds now has an additional market for High Risk Auto Dealers which allows us to approve even applicants.
Category: Bad Credit, Homepage, MVDComments (0)
Bryant Surety Bonds will be closed February 20th through March 3rd for system upgrades and training. Please note that all Indemnities, Bonds and renewals will be processed as normal. Agents will be available on a limited basis through email.
Category: UncategorizedComments (0)
House Bill 2353/Senate Bill 1795 created the Irrigation Contractors License Board. The Board requires a license bond in the amount of $10,000. Either a Surety bond or Irrevocable letter of credit will accepted, but must be issued by a company that is licensed in the state. Direct action may be taken against the surety bond by persons claiming injury as a result of violation of the proposed law.
Category: Contractor License, License and PermitComments (0)
When the State of Connecticut enacted HB 5577 Mortgage Brokers in the state were required to increase their Mortgage Broker Surety Bonds to $80,000, up from the $40,000 previous requirement. The Effective date of this Bill was July 1, 2008 and required all brokers and lenders to be compliant by August 1, 2009.
Visit our mortgage broker bond page to learn more, and to apply online, instant quotes are available for Ct Mortgage Brokers.
Category: Mortgage Banker, Mortgage Broker Surety BondComments (0)
Recently we have had a several phone calls about the bond requirements for Colorado Mortgage Bankers. In Colorado, Mortgage Bankers must have a $15,000 Bond for their initial license. After that the bond is based on the loan volume, the amount ranges from $15,000-$25,000.
Colorado mortgage brokers are required to post a $25,000 Surety bond.
Category: Mortgage Banker, Mortgage Broker Surety BondComments (0)
Bryant Surety Bonds will close at 11:30 on Tuesday December 23, 2008. We will reopen on December 30th. We hope you all enjoy your holiday.
While we are closed feel free to browse our site to learn more about surety bonds. If you know what bond you need, and are ready to apply, complete a surety bond application. The process is totally online, and some will qualify for instant quotes. For those who do not receive an instant quote, on of our agents will get back to you promptly when we return.
Thank you, and happy holidays.
Category: Homepage, Operating AnnouncementComments (0)
House Bill 2353/Senate Bill 1795 created the “Irrigation Contractors Licensing Board”. The legislation also calls for a $10,000 License surety bond. The bond is conditioned on compliance and would allow direct action from persons claiming injuries as the result of violation of the law.
Category: Contractor License, HomepageComments (0)
Bryant Surety Bonds, Inc. will be closing at noon on Wednesday 11/26/08 for the Thanksgiving Holiday; we will reopen on Monday December 1, 2008 with regular business hours. We hope all of you have a wonderful and safe holiday weekend.
Applicants can still apply using our online surety bond system and our agents will process your bond when we return.
Category: Homepage, Operating AnnouncementComments (0)
Assembly Bill 180 requires that foreclosure consultants in the State of California obtain a $100,000 Surety Bond and register with the states Department of Justice. The bond is in place for the benefit of the homeowner should the consultant violate the states new law. The original bill called for a $100,000 bond for each transaction.
Category: HomepageComments (0)
