Surety Bond Information

Thanksgiving Holiday Hours

admin — Wed, 25 Nov 2009 16:01:27 +0000

Bryant Surety Bonds will close at noon Eastern on Wednesday November 25th, 2009. We will reopen for business on Monday November 30th, 2009. We hope you all have a safe and happy holiday.

Texas Mortgage Loan Originators: HB 10

admin — Sat, 15 Aug 2009 15:14:48 +0000

Introduced on the tenth of February, 2009, and Enacted on June 19th of the same year, House Bill 10 Requires Texas Mortgage Originators (regardless of whether they are employed by a mortgage broker/bank or not) be both licensed, and to either 1) Obtain and post a surety bond for their license or 2) pay into a recovery fun.

This Bill applies to those licensed and engaging in the sale of a Motor Vehicle that is used as a dwelling, or those making, transacting or negotiating property tax for a principle dwelling.

This Bill applies to Credit Unions.

Bond requirements or Recovery fund fees are yet to be announced as of the enactment date of this Bill.

Texas Payment Bond: HB 2515

admin — Wed, 12 Aug 2009 15:12:53 +0000

Texas House Bill 2515, Introduced on March, 5 2009 and enacted June, 19 2009, increases the current $25,000 Payment bond to $50,000. This increase effects any municipalities or joint boards created via the Transportation Code. Any other government entity remains at a $25,000 requirement.

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 Operating Announcement

admin — Thu, 19 Feb 2009 16:18:36 +0000

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.

North Carolina Contractor Bond

admin — Sun, 08 Feb 2009 17:38:31 +0000

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.

Connecticut Mortgage Broker Bond Increase

admin — Wed, 04 Feb 2009 16:08:47 +0000

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.

Colorado Mortgage Banker/Broker Surety Bonds

admin — Thu, 29 Jan 2009 21:42:10 +0000

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.

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.