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)
SB 1019 was signed into law on October 9, 2008 By Gov. Ed Rendell. This bill requires that RV dealers in PA to post a $30,000 License bond. This bill also gives the Pennsylvania State Board of Vehicles the ability to discipline out of state dealers who violate PA law.
Category: Homepage, MVDComments (0)
Recently House Bill 2463 (HB 2463) was enacted that subjects Mortgage Servicers to the sale licensing/bonding requirements of Mortgage Lenders. The current Bonding requirement of lenders (and now Servicers) is $150,000.
Category: Homepage, Mortgage Banker, Mortgage Broker Surety BondComments (0)
Please pardon any inconveniences you may experience while using our site today (11/8/08).  Bryant Surety Bonds is currently updating our site to make it more informational and user friendly.  We expect any site oddities to last only a few hours.
Category: Homepage, Operating AnnouncementComments (0)
A lot of people contact us during the renewal period with several questions. Often times there is a little confusion over the process, and since these bonds are vital to keeping your business running, most people want to feel comfortable with the process, and know there will be no lapse.
we will give some information on Commercial surety bonds, in the coming days, look for information on both court and contract bonds.
Most Commercial surety bonds have a one year term (check your invoice to see what the term period is for your particular bond). You should receive an renewal invoice from your agent about 90 days prior to the expiration. At Bryant Surety Bonds, we will mail you this invoice, as well as fax/email a copy using the information we have on file.
number one question is, why 90 days prior? The reason for this comes from the legal language on your particular bond form. Bond forms typically have a 30/60/90 day cancellation clause. Meaning if you are not going to renew your bond, the surety must notify the obligee, 30, 60, or 90 days prior to it expiring.
Should you not pay your bonds premium prior to the renewal due date, a cancellation notice will be sent to the obligee. After this has occurred it may still be possible to reinstate your bond, but a reinstatement fee will apply.
The second most asked question is, “when will I receive my new bond�? In most cases (assuming the bond form has not changed since the original bond was issued) you will not be receiving a new bond; instead your current bond will be continued.
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Category: UncategorizedComments (0)
New legislation went in to effect putting Mortgage Brokers and Lender in the state of Alaska under the regulation of the Alaska Division of Banking and Securities. According to the legislation all new applicants on or after July 1, 2008 must comply with the new regulations. All Mortgage broker and bankers must be in compliance by March 1, 2009.
Among the new rules are a mandatory background check (fingerprints); monitoring of all company applications, records, and daily practices; and all Mortgage Originators will be required to pass an examination as well as completing 24 hours of continuing education every 24 months.
Also, a $25,000 surety bond will be required. Alaska is not a “Brick and Mortar” State, so no physical office is required.Â
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Category: Homepage, License and Permit, Mortgage Banker, Mortgage Broker Surety BondComments (0)
