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Bid Bond Enactments: Tennessee

admin — Tue, 21 Apr 2009 13:20:11 +0000

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.

Auto Dealer Bond Guide Update

admin — Mon, 20 Apr 2009 13:46:12 +0000

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.

Bryant Surety Bonds: Holiday Schedule

admin — Mon, 22 Dec 2008 15:38:03 +0000

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.

Contractor License Bonds: North Carolina

admin — Tue, 02 Dec 2008 19:52:40 +0000

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.

Holiday Hours: Bryant Surety Bonds

admin — Tue, 25 Nov 2008 17:04:47 +0000

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.

California Foreclosure Consultants Bond

admin — Fri, 21 Nov 2008 14:56:22 +0000

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.

Pennsylvania Recreational Vehicle Dealers

admin — Tue, 18 Nov 2008 14:55:36 +0000

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.

North Carolina Mortgage Servicers

admin — Fri, 14 Nov 2008 14:47:49 +0000

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.

ALERT: Site Updates Today

admin — Sat, 08 Nov 2008 20:10:35 +0000

Today, 11/8/08, the Bryant Surety Bonds website will be undergoing an update that should help make it even easier to find the information you are looking for on all of your surety bond needs. Should you experience any oddities on the next few hours we apologize, the update should only affect users for the next few hours.

Alaska Mortgage Broker, Mortgage Bankers: New Regulation

admin — Tue, 04 Nov 2008 19:35:40 +0000

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.