License Bonds Explained

  It’s common for government agencies to require professionals from different fields to obtain a license bond as a requisite toward licensure. Read on for everything you need to know about license bonds, from the purpose they serve, to how...

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California Residential Mortgage Lending Act License Bonds

Any company or individual in the State of California who engages in the business of making residential mortgage loans, to include loan processing and underwriting or servicing residential mortgage loans, for California borrowers is required to obtain a California Residential...

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The Magnitude of License and Permit Bonds During COVID-19

Amidst the current epidemic, trepidation and uncertainty is at an all-time high. Solidifying trust between company and consumer is absolutely critical to support business operations. One of the best ways to nurture customer satisfaction and trust is for a business...

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As the Economy Grows, More License & Permit Surety Bonds Needed

Non-farm employment rose by 312,000 in December 2018 with job gains occurring in health care, food services, construction, manufacturing, and retail, according to the U.S. Bureau of Labor Statistics. With more people employed, it means more people need licenses and...

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Appeal Bonds in Civil Cases: How to Halt Judgment While You Appeal

Losing at trial is a bad day. Losing at trial and then watching the other side freeze your bank accounts while you appeal is worse. In most courts, filing a notice of appeal does not by itself stop the winning...

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All About ERISA Bonds: What Every Plan Sponsor Should Know

If your business offers a 401(k) or another retirement plan, you have taken on a legal responsibility along with the employee benefit: retirement plans are regulated by the high standards of the Employee Retirement Income Security Act (ERISA). One piece...

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ERISA Fidelity Bonds # 10 Facts Plan Sponsors Need To Know

Compiled with guidance from accountants, attorneys, and ERISA compliance experts If you sponsor a workplace retirement plan — a 401(k), profit-sharing plan, or similar arrangement — you carry one of the most consequential legal obligations in employment law. Embedded within...

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How Supersedeas Bonds Work in Civil Appeals

A supersedeas bond is a specific type of appeal bond that legally pauses ("stays") the enforcement of a monetary judgment while a civil case is reviewed by a higher court. It financially guarantees that the original judgment, along with interest,...

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What Are Probate Bonds?

A probate bond (also known as a fiduciary bond) is a type of surety bond required by a court to guarantee that an estate's executor, administrator, or personal representative fulfills their duties legally and ethically. Ultimately, it protects the estate's...

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Snapshot: Bonds Used In Civil Litigation

Civil court bonds are a type of surety bond that can be ordered by the court to safeguard the position of either a plaintiff or defendant, while minimizing the risk to the other, until a final decision is made. Types...

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