NEWS
CNA Government Relations, with the help of surety industry and producer associations, takes an active role in surety and fidelity bond legislative issues at the federal, state and local level.
Use the drop-down menu below to review recent legislative developments specific to your state.
The mission of our Government Relations Department is to promote and defend our products and business practices at all levels of government.
CNA Government Relations works with lawmakers on legislation that improves the effectiveness of surety bonding and guards against adverse legislative developments. For example, every year 125,000 bills are introduced in state legislatures across the country. CNA's Government Relations Department has the responsibility of identifying those that affect the surety and fidelity industry. Our team of professionals reviews and analyzes legislation and directs lobbying efforts to ensure a positive outcome.
The Government Relations Department also works with local governments on Licence and Permit Bond issues. Many professions are required to post a bond at the local level. Government Relations works to ensure that local communities receive information and support to obtain the kind of public protection afforded by bonds.
Need more specific information? Please contact our Government Relations Department at 800-CNA-2000 (800-262-2000).
NEW LAW: HB 131 – Public Officials. Would increase the amounts of the bonds required for: the chief examiner of the Department of Examiners of Public Accounts from $25,000 to $100,000, and the assistant and deputy examiners from $3,000 to $50,000.
Status: 2/22/18: signed by the Governor; Act No. 2018-129; effective immediately
NEW LAW: HB 151 – Sales Tax - Retailers. Would require retailers applying for an initial sales tax license and retailers renewing an expired or cancelled sales tax license after 1/1/2020 to post a $25,000 surety bond to secure the collection and remittance of the sales tax and compliance with the applicable laws and regulations. The bond would cover a two-year term. After two years, the bond would only be required for retailers that fail to collect and remit the sales tax. If a retailer is part of a related company or a member of a controlled group that has been compliant with the licensing laws would be exempt from the bond requirement.
Status: 4/5/18: Enacted; Act No. 2018-508; effective immediately
NEW LAW: HB 204 – Dangerous Dogs. Would establish a procedure for declaring a dog to be dangerous or a nuisance in the unincorporated areas of Chilton County. The owner of such a dog would have to register it and provide insurance or a surety bond of at least $100,000 to cover the dog's medical or veterinary costs resulting from any future dangerous actions of the dog.
Status: 3/2018: Enacted; Act No. 2018-236; effective
NEW LAW: SB 48 – Reclamation/Remediation. Would revise the financial assurance requirements for a centralized waste treatment facility to specify that if the performance bond or other security is forfeited, it would have to be used for closing the facility in compliance with the applicable regulations and to pay the costs of any required remediation.
Status: 3/8/18: signed by the Governor; Act No. 2018-178; effective immediately following its passage and approval by the Governor, or its otherwise becoming law
NEW LAW: SB 232 – Dangerous Dogs. Would require owners of dangerous dogs to register them and post a $100,000 surety bond to cover the medical and/or veterinary costs resulting from any future dangerous actions of the dog.
Status: 3/1/18: (S) Enacted - Act No. 2018-182; effective 6/1/18
NEW LAW: SB 293 – Trailer Manufacturers and Dealers. Would revise the bond requirement for manufacturers and dealers of mobile homes, trailer coaches, travel trailers, or horse trailers located in the state who issue temporary licenses and tags by requiring a $25,000 bond. Current law requires a manufacturer to post a minimum $5,000 bond or demonstrate a net worth of $25,000. The bill also would subject manufacturers and dealers of semitrailers or trailers, utility trailers, boats, and boat trailers to the bond requirement. If a manufacturer or dealer is already bonded under another law, no additional bond would be required.
Status: 3/20/18: Enacted; assigned Act No. 2018-366
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
SB 155 – Appraisal Management Companies. Would require appraisal management companies to register and post a surety bond in an amount determined by the Board of Certified Real Estate Appraisers. The maximum amount would be $50,000.
Status: 4/13/18: (H) referred to Rules
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 2168 – Mobile Homes/RVs - Removal from Park. Would increase the amount of a bond or deposit that a mobile home park landlord may require in connection with the removal of a mobile home from $1,000 to $2,500. The bond or deposit is required if the party responsible for removing the mobile home is not licensed by the Arizona Department of Housing or the Registrar of Contractors.
Status: 3/27/18: signed by the Governor; Chapter 79; effective 90 days after adjournment or as specified in the bill
NEW LAW: SB 1381 – Service Contract Providers. Would revise the security requirements for service contract providers, allowing a mechanical reimbursement insurance policy could be posted in lieu of the surety bond or securities required by current law. The bill would also eliminate the option to post cash to secure the contracts.
Status: 4/5/18: signed by the Governor; Ch. 150; effective
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
AB 38 – Student Loan Servicers. Would authorize the commissioner to require applicants for a student loan servicer license or a licensee to make some or all of the required filings with, and to pay assessments to, the commissioner through the NMLSR, which would include a surety bond, rider, or an endorsement.
Status: 3/15/18: (S) re-referred to Banking and Financial Institutions
AB 2480 – Scholarship Programs. Would provide for a scholarship program for low-income students. Private schools participating in the program that receive $50,000 or more during the school year through this program would have to demonstrate their financial accountability by posting a bond in an amount equal to the aggregate amount of scholarship contributions expected to be received during the school year. In lieu of the bond, the school could provide financial information to demonstrate its financial viability.
Status: 3/20/18: (A) re-referred to Revenue and Taxation
AB 2810 – Cannabis Cultivators. Would create the Sun-Grown Cannabis Commission, and authorize the Commission to levy assessments on cultivators of sun-grown cannabis in an amount based on the weight or value of sun-grown marketed. Any cultivator who fails to submit records or pay an assessment or related charge could be required to furnish a surety bond in an amount and for the period of time determined by the Commission to guarantee that all payments will be made when due. The bill also would require agents of the Commission who handle assessment funds to be covered by a $25,000 fidelity bond.
Status: 4/12/18: (A) from Agriculture: Do Pass and re-refer to Business and Professions; re-referred
AB 3126 – Contractors. Would revise the license bond requirement for contractors by eliminating the option to post a cash bond in lieu of a surety bond; only a surety bond would be acceptable. This would not affect the bond alternatives home improvement contractors can furnish in lieu of performance and payment bonds.
Status: 4/2/18: (A) re-referred to Business and Professions
NEW LAW: SB 94 – Cannabis Cultivators. Would require cannabis cultivation license applicants to post a bond to cover the costs of destruction of the cannabis or cannabis products if required due to a violation of the licensing requirements.
Status: 6/27/17: approved by the Governor; Ch. 27; effective immediately
SB 1291 – Adjusters. Provides that an individual licensed as an independent insurance adjuster who adjusts only in the capacity of an employee of a licensed independent insurance adjuster would not have to post their own surety bond, provided their employer meets the bond requirement. Existing law requires a $2,000 bond.
Status: 4/11/18: (S) in Insurance; first hearing canceled at the request of the author; rescheduled for 4/25
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1138 – Public Officials. Would eliminate the authority of a district attorney to require deputy district attorneys, chief deputy district attorneys, special deputy district attorneys, and assistant district attorneys to post a bond.
Status: 4/2/18: Governor signed; Chapter 88
NEW LAW: HB 1140 – Public Officials. Would allow any public official or employee who is required to post a surety bond under existing law to obtain crime insurance instead, except for the State Treasurer. The bill also would eliminate the option for state and county public officials to use personal sureties to secure their bonds.
Status: 3/15/18: Governor signed; effective 8/8/18 (if adjournment sine die is on 5/9/18)
SB 177 – Private Postsecondary Schools. Would revise the bond requirement for private occupational and degree-granting schools to permit the Department of Higher Education to make a claim on the bond for reimbursement of administrative costs associated with the school's closure. If any proceeds from the bond remain after students have been transferred or reimbursed for tuition and fees, the remaining amount would be retained by the Department as reimbursement of its administrative costs associated with the school closure.
Status: 4/16/18: (H) second reading, laid over daily - no amendments
SB 180 – Uniform Trust Code. Would adopt the Uniform Trust Code. A bond would only be required if the court requires it or if the terms of the trust require one and the court has not dispensed with the requirement. Only the court could set the bond amount, its liabilities, and whether sureties are required, and would have the authority to modify or terminate the bond at any time. The court's authority concerning the bond would prevail over the terms of the trust.
Status: 4/10/18: (S) Senate concurred in House amendments and repassed
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 5490 – Financial Services Professionals. Would revise the license bond requirements for various financial services professionals and provide for the transition to the NMLS. In regard to mortgage lenders, correspondent lenders, mortgage brokers, debt adjusters and debt negotiators, the Banking Commissioner would be permitted to make claims on the bond for any restitution imposed for a violation of the law and any unpaid assessment for funding the State Banking Fund. In regard to mortgage servicers, the Commissioner could make claims on the bond for any unpaid assessment. Existing law already allows for coverage of claims for restitution. Also, the Commissioner would be allowed to make claims on the bonds of consumer collection agencies for restitution. Under existing law, the Commissioner can file claims on these license bonds for civil penalties and any unpaid examination costs for entities subject to an exam. The bill also would specify that the bond of a mortgage lender, correspondent lender or broker, money transmitter, debt adjuster or negotiator, mortgage servicer and consumer collection agency could be cancelled with 30 days' notice submitted electronically through NMLS, if the bond was filed through that system.
Status: 4/9/18: (H) reported out of LCO: favorable report, tabled for the Calendar (#218); LCO File #303
SB 397 – Uniform Trust Code. Would adopt the Uniform Trust Code. The bill provides that a trustee would have to post a bond only if the court determines it to be necessary to protect the beneficiaries or if the terms of the trust require a bond, and, in the case of a non-charitable trust, the court has not dispensed with the bond requirement; the court would determine the bond amount, its liabilities and whether sureties required.
Status: 4/13/18: (LCO) referred to Office of Legislative Research and Office of Fiscal Analysis - 4/18/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 251 – Advanced Deposit Wagering. Would authorize advanced deposit wagering for horse racing and require the Delaware Thoroughbred Racing Commission to adopt regulations that include a surety bond requirement for entities conducting such wagering.
Status: 6/21/17: (H) reported out of Gaming & Pari-Mutuels Committee with 5 On Its Merits
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
LB 467 – Notaries Public. Would revise the current law for notaries public. Notaries would be required to post a surety bond, or its "functional equivalent," to secure the notary's compliance with the law. The bond amount would be $2,000 or the amount prescribed by the mayor through regulations. Current law does not require a notary to be bonded.
Status: 12/20/17: in Government Operations; public hearing held; Will review and monitor for any amendments that would eliminate the bond requirement.
LB 584 – Service Contract Providers - Vehicles and Residential Property. Would establish requirements for service contracts for motor vehicles and residential property, including a requirement for providers to post a form of security for the service contracts. The provider could maintain a funded reserve account of not less than 40% of the gross consideration received, less claims paid, on the sale of the service contract for all inforce contracts, and post a financial security deposit of not less than 5% of the gross consideration received, less claims paid, on the sale of the service contract for all service contracts issued and in force; $25,000 minimum. Surety bonds or other forms of security would be acceptable. In lieu of these options, a provider could obtain a reimbursement insurance policy or maintain a net worth or stockholders' equity of $100 million.
Status: 1/31/18: in Business and Economic Development; public hearing held
LB 610 – Service Contract Providers - Goods and Services. Would establish requirements for sellers of service contracts for goods and services. Sellers would be required to obtain a reimbursement insurance policy or maintain a funded reserve account and a security deposit. Surety bonds would be an acceptable alternative. The minimum deposit amount would be $300,000.
Status: 1/31/18: in Business and Economic Development; public hearing held
LB 689 – Assisted Living - Patient Funds. Would require an assisted living facility to obtain a surety bond to secure all personal funds of residents that are deposited with the facility.
Status: 2/23/18: in Health Committee. Public hearing scheduled for 6/22/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 740 – LP Gas Businesses. Would require the license bond posted by LP gas businesses to be payable to the Commissioner of Agriculture instead of the Governor.
Status: 3/23/18: approved by the Governor; Chapter 2018-84; effective 7/1/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 149 – Trauma Scene Waste Management Service Providers. Would require trauma scene waste management service providers to be licensed and post a $100,000 surety bond for the benefit of any person harmed due to the provider's performance of its services.
Status: 3/29/18: (S) Senate disagreed with House amendment or sub
HB 772 – Public Officials. Would require the officers and employees of the City of Camilla to be bonded.
Status: 4/3/18: (H) sent to the Governor
HB 898 – Registration and Licensing of Fleet Vehicles. Would repeal the $25,000 surety bond required for a business or its parent company that is registering a fleet of motor vehicles and has not had an established place of business in the state for at least 10 consecutive years.
Status: 4/4/18: (H) sent to the Governor
SB 436 – Public Officials. Would increase the amount of the bond required for probate court judges from $25,000 to $100,000.
Status: 4/6/18: (S) sent to the Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 2257 – Money Transmitters. Would require virtual currency businesses to be licensed and post a surety bond or other security in an amount determined by the Division of Financial Institutions, based on the nature and the extent of the licensee's virtual currency business model. The Division could increase the bond amount required for good cause. Only the Division could make claims against the bond.
Status: 4/16/18: (S) received notice of appointment of House conferees
Related Bills: SB 2129 and SB 3082
HB 2471 – Small Loan Lenders. Would require small loan lenders to be licensed and post a surety bond in an amount based on loan origination volume, ranging from $30,000 to $250,000. The bond would be conditioned on compliance with the law and regulations, and payment of any amount due to the State and/or any person having a cause of action against the lender. The surety's aggregate liability would be limited to the bond amount.
Status: 4/13/18: (S) received notice of disagreement
Related Bill: SB 3008
SB 2129 – Money Transmitters. Would require virtual currency businesses to be licensed and post a surety bond or other security in an amount determined by the Division of Financial Institutions, based on the nature and the extent of the licensee's virtual currency business model. The Division could increase the bond amount required for good cause. Only the Division could make claims against the bond.
Status: 2/2/18: (S) Commerce, Consumer Protection, and Health deferred the measure
Related Bills: HB 2257 and SB 3082
SB 2770 – Health Clubs. Would require all health clubs to post a surety bond of not less than $100,000 to be paid to any members suffering loss of money paid due to the insolvency or cessation of operation of a health club. If the health club does not collect payment for more than one month of service, does not collect annual, initiation, enrollment, or other fees that total more than $200, and does not collect payments that are identified as payment for specific future monthly services, the club would be exempt from the bond requirement. The bond would be conditioned to provide payment to any buyer who is contractually obligated to pay for services more than one month in advance of the date the services are provided to the buyer, and who suffers loss of money paid to the club due to its insolvency or cessation of operation. Claims would have to be filed no later than one year from the date the health club ceased operation. There is a 60-day cancellation clause (certified mail).
Status: 4/10/18: (H) received notice of disagreement
SB 2773 – Third Party Administrators. Would require third party administrators to be licensed and to post a surety bond of not less than $300,000. The bond would have to remain in place for two years after the TPA's last day as an administrator.
Status: 4/17/18: (S) Senate conferees appointed
SB 3008 – Small Loan Lenders. Would require small loan lenders to be licensed and post a surety bond in an amount based on loan origination volume, ranging from $30,000 to $250,000. The bond would be conditioned on compliance with the law and regulations, and payment of any amount due to the State and/or any person having a cause of action against the lender. The surety's aggregate liability would be limited to the bond amount.
Status: 3/8/18: (H) referred to Intrastate Commerce, Consumer Protection and Commerce, and Finance
Related Bill: HB 2471
SB 3082 – Money Transmitters. Would require virtual currency businesses to be licensed and post a surety bond or other security in an amount determined by the Division of Financial Institutions, based on the nature and the extent of the licensee's virtual currency business model. The Division could increase the bond amount required for good cause. Only the Division could make claims against the bond.
Status: 3/23/18: (H) report adopted; referred to Finance
Related Bills: HB 2257 and SB 2921
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 1324 – Barber/Cosmetology Schools. Would consolidate the laws for barber schools and cosmetology schools and require both types of schools to post a $20,000 bond.
Status: 3/22/18: signed by the Governor; Chapter 28; effective 7/1/18
SB 1336 – Pharmacy Benefit Managers. Would require pharmacy benefit managers to be licensed and provide audited financial statements to demonstrate their financial stability. If audited financial statements are not available, the pharmacy benefit manager could provide recent unaudited financial statements if it also provides a $1 million surety bond payable to an aggrieved party.
Status: 3/6/18: (S) referred to Health and Welfare
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 4326 – Independent Auditors - Election Integrity. Would require independent auditors contracting to perform a parallel election tabulation and audit to provide a performance bond in the amount of $1 per registered voter in the jurisdiction holding the election.
Status: 4/13/18: (H) Rule 19(a), re-referred to Rules
HB 4805 – Money Transmitters. Would revise the amount of the required bond for money transmitters, requiring the bond amount to be equal to $50,000 or 1% of all Illinois-based activity, whichever is greater. Current law requires the bond amount to be equal to $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history, whichever is greater, but not more than $2 million.
Status: 4/12/18: (S) first reading; referred to Assignments
Related Bill: SB 3084
HB 5146 – Electronic Gaming. Would authorize electronic gaming at racetracks. Pari-mutuel wagering facilities that have electronic gaming would have to post a $500,000 bond to guarantee that the licensee will make all payments, keep the books and records and file reports, and conduct games of chance in compliance with the laws and regulations. Existing licensees would be required to increase their current $200,000 bond to $500,000 when they start using electronic gaming.
Status: 4/13/18: (H) Rule 19(a), re-referred to Rules
Related Bills: HB 5292
HB 5292 – Electronic Gaming. Would authorize electronic gaming at racetracks. Pari-mutuel wagering facilities that have electronic gaming would have to post a $500,000 bond to guarantee that the licensee will make all payments, keep the books and records and file reports, and conduct games of chance in compliance with the laws and regulations. Existing licensees would be required to increase their current $200,000 bond to $500,000 when they start using electronic gaming.
Status: 2/16/18: (H) referred to Rules
Related Bills: HB 5146
HB 5578 – Preneed Cemetery Contract Sellers. Provides that the requirement for preneed cemetery contract sellers to have a pre-construction trust fund or a performance bond only would apply to contracts entered into prior to the enactment of the bill. Instead, the purchaser would have the option to deposit funds into a local banking institution of the purchaser's choosing, deposit funds into a trust program that the seller operates, or other means offered by the seller.
Status: 4/13/18: (H) Rule 19(a), re-referred to Rules
SB 3084 – Money Transmitters. Would revise the amount of the required bond for money transmitters, requiring the bond amount to be equal to $50,000 or 1% of all Illinois-based activity, whichever is greater. Current law requires the bond amount to be equal to $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history, whichever is greater, but not more than $2 million.
Status: 4/10/18: (S) second reading; placed on Calendar Order of 3rd Reading, 4/11
Related Bill: HB 4805
SB 3224 – Fuel Suppliers. Would authorize the Department of Revenue to require an alternative fuel supplier to post a surety bond for cause, conditioned on payment of all funds due to the State in connection with the sale or use of alternative fuel, plus penalties and interest. The bond amount would be determined by the Department; the minimum amount would be equal to twice the supplier's estimated average tax liability on its monthly return.
Status: 4/12/18: (S) from Revenue: Do Pass; placed on Calendar Order of 2nd Reading, 4/17
SB 3443 – Notaries Public. Would require the surety on a notary bond to notify the Secretary of State when there is a claim on or payment made from the bond as a result of the notary's breach of his or her duties. The notice would have to specify whether payment was made and the circumstances which led to the claim.
Status: 3/14/18: (S) from Judiciary: Do Pass; placed on Calendar Order Second Reading for 4/10/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HF 2321 – Pension Plans. Would allow the Department of Workforce Development to require nonprofit organizations that elect to assume liability for reimbursing the Department for unemployment benefits in lieu of contributions to a pension plan to post a bond. The amount of the bond would be determined through regulations. The Department could adjust the bond amount as it deems necessary for an organization. The bond secures the organization's payments to the Department, and would have to remain in place for at least two years.
Status: 4/4/18: signed by the Governor; effective 1/1/19
HF 2448 – Gambling - Wagering on Sports. Would require entities operating or conducting sports betting to be licensed, and subject them to the existing bond requirement for gambling games. The Racing Commission determines the bond amount.
Status: 3/1/18: (H) in Ways and Means; subcommittee recommends amendment and passage
HF 2485 – Small Loan Lenders. Would require small dollar installment loan lenders to be licensed and post a $25,000 surety bond, conditioned upon compliance with the law, faithful performance of the duties and obligations of the business, and prompt payment of any judgment recovered against the licensee. The surety's liability would be limited to the bond amount.
Status: 4/9/18: (H) introduced in House (formerly HSB 189)
HSB 189 – Flexible Credit Loan Lenders. Would require flexible credit loan lenders to be licensed and post a surety bond in the amount of $25,000 per location; the maximum bond amount would be $200,000. The bond would secure the payment of any civil penalty and examination fee, and also would cover claims for damages from an Iowa consumer that resulted from the licensee violating the law. Claims for damages would need to be submitted within 2 years of cancellation of the bond.
Status: 4/3/18: (H) from Ways and Means: Do Pass with Amendment
SF 2398 – Industrial Hemp Producers. Would require industrial hemp producers participating in the Industrial Hemp Commodity Program (established by the bill) to be licensed and to post a bond of not more than $10,000. The bond would secure the payment of any amount that the licensee is required to pay for the costs associated with destroying the licensee's crop. The surety's aggregate liability would be limited to the bond amount.
Status: 4/11/18: (H) subcommittee recommends passage
SSB 3206 – Education Savings Grant Programs. Would establish an education savings grant program to provide assistance to students attending nonpublic schools. The director of the Department of Management would be authorized to procure insurance against any loss in connection with the assets of the fund or require a surety bond.
Status: 3/22/18: (S) subcommittee recommends passage
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 266 – Notaries. Would rewrite current law for notaries and require them to post a $1,000 bond in connection with obtaining a commission from the Secretary of State. The bill also would eliminate limitations for individual sureties on issuing public official bonds to permit them to be a surety on multiple bonds. Bonds are filed at the local level.
Status: 3/29/18: (S) reported favorably, second reading, to Rules with Committee Substitute and Committee amendment as a consent bill; floor amendment filed to Committee Substitute
NEW LAW: HB 277 – Motor Carriers. Would repeal the bond required for a motor carrier or heavy equipment motor carrier that the Transportation Cabinet has determined to be at risk for nonpayment of its highway use taxes. The bond amount would be based on the amount of the carrier's tax liability; $1,000 minimum, $50,000 maximum.
Status: 4/10/18: signed by the Governor; Chapter 135; effective 90 days after adjournment
NEW LAW: HB 327 – Waste Haulers. Would revise the bond requirement for waste haulers, providing that the bond amount would be determined by regulations. Under current law, the required bond amount is $2,000.
Status: 4/10/18: signed by the Governor; Chapter 136; effective 7/1/19
HB 513 – Wastewater Treatment Plant Operators. Would require owners of new small wastewater treatment plants receiving a discharge permit to post a surety bond or other security to guarantee that the owner will operate the plant in a reasonable and reliable manner for at least three years. The bond or other security would have to be in an amount sufficient to secure the owner's compliance with state and federal laws. The bond/security requirement could be waived if the owner has sufficient assets to ensure the plant's continued operation.
Status: 4/14/18: (H) delivered to the Governor
SB 197 – Water Well Drillers. Provides that a water well driller's assistant would have to be covered under either the driller's surety bond or liability insurance, or provide his or her own bond and insurance. A $5,000 bond is required to secure the driller's compliance with applicable law.
Status: 4/14/18: (S) Senate refused to concur in House floor amendments (1) and (2-title); floor amendment (2-title) ruled out of order; received in House; to Rules (S)
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 514 – Used Motor Vehicle Commission Powers - Bond Claims. Provides for the commission's sole and exclusive authority to administer claims made against bonds, including instituting or intervening in legal actions to obtain payments, or to prevent payment of an unauthorized claim. Provides for the commission's entitlement to an award of reasonable attorney fees and court costs, to be paid by the licensee, the surety or both, if the commission institutes or intervenes in legal action for claims against bonds.
Status: 4/2/18: (S) read second time by title and referred to Commerce, Consumer Protection and International Affairs
HB 522 – Home Service Contracts. Would revise current law for home service contracts. Under current law, home service contract providers must post a $50,000 surety bond in connection with registration. The bill provides that this law would apply to any service contract provider except motor vehicle service contract providers, who would be required to have a reimbursement insurance policy. Service contracts for tangible property that costs less than $100, excluding sales tax, would be exempt.
Status: 4/10/18: (S) read second time by title and referred to Commerce, Consumer Protection and International Affairs
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HP 91 (LD 123) – Probate Code. Would recodify and revise the Maine Probate Code.
Status: 8/2/17: carried over
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 848 – Consumer Reporting Agencies. Would require consumer reporting agencies to register and post a surety bond in an amount that would be determined by regulations. The bond would be conditioned on compliance with the applicable laws and regulations. Direct actions on the bond would be permitted, but the surety's aggregate liability would be limited to the bond amount. The bond would have to remain in force for three years after the bond is cancelled or the registrant ceases to be registered for any reason, whichever is later; 90 days' written notice would be required to cancel.
Status: 4/7/18: (H) House concurred in Senate amendments; third reading passed; enrolled
HB 1065 – Title Service Agents. Would increase the amount of the bond required of a title service agent from $25,000 to $50,000.
Status: 4/6/18: (H) passed Senate; returned to House
HB 1103 – Private Career Schools. Provides that the Higher Education Commission would have to require private career schools and for-profit institutions of higher education that operate in the state to furnish a performance bond or other form of financial guarantee that covers their total Maryland student tuition liability. The bond or other security would be required in addition to the bond required in connection with obtaining a certificate of approval or registration to secure the faithful performance of its agreements or contracts with students, and to secure its compliance with the applicable law.
Status: 4/10/18: (H) passed Senate; returned to House
Related Bill: SB 795
SB 795 – Postsecondary Educational Institutions. Would require private career schools and for-profit institutions of higher education that operate in the state to furnish a performance bond or other form of financial guarantee to cover their total Maryland student ltuition liability. This bond would be in addition to the bond required in connection with obtaining a certificate of approval or registration to secure the faithful performance of its agreements or contracts with students, and to secure its compliance with applicable law.
Status: 4/5/18: (S) concurred in House amendments; third reading passed; enrolled
Related Bill: HB 1103
SB 1068 – Student Loan Servicers. As amended, this bill would require a student loan servicer to be licensed and post a surety bond in an amount determined by the Commissioner of Financial Regulation. The bond would be conditioned on compliance with federal and state laws regulating student loan servicers. The bill provides for third-party liability, aggregate liability, and a 90-day cancellation clause. The bond would remain in place for three years after the date of cancellation or after the student loan servicer ceases to be licensed.
Status: 4/9/18: (S) concurred in House amendments; third reading passed; enrolled
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 39 – Money Services. Would revise the bond requirements for debt collectors, sellers of checks and money orders, and money transmitters for foreign transactions. The bonds would have to be approved by the Banking Commissioner instead of the State Treasurer.
Status: 1/16/18: (H) hearing held
HB 185 – Vendors. Would require vendors conducting retail sales or services in a booth, tent, table, kiosk or other space that is not the vendor's fixed building site to post a surety bond to guarantee repayment of a consumer's purchase price in the event of a return. The bond would have to be in place for one year from the date of the vendor's sublease or from the issuance of the vendor's license, and guarantee a minimum return amount of up to $1,000 for a single purchase.
Status: 10/17/17: hearing held in Joint Committee on Consumer Protection and Professional Licensure
HB 508 – Medicaid Life Settlement Program. Would require life insurance settlement providers entering into a life settlement contract in connection with a Medicaid long-term benefits program to post security in the form of a surety bond, an errors and omissions insurance policy, cash deposit, securities, or any combination of these in the amount of $500,000.
Status: 3/1/18: (S) reporting date extended to 4/25/18 pending concurrence; House concurred
HB 627 – Student Tuition Recovery Fund. Would establish a student tuition recovery fund, which would be in addition to the bond requirement.
Status: 5/22/17: (J) in Joint Committee on Consumer Protection and Professional Licensure; hearing held on 6/6/17
HB 2159 – Rate and Form Filings. Would exempt specialty commercial lines of insurance from the existing law's rate and form filing requirements; surety and fidelity would be included. Insurers would have to maintain underwriting files, premium, loss and expense statistics, financial and other records regarding the specialty commercial lines contract of insurance that is exempt.
Status: 2/7/18: (H) reporting date extended to 5/9/18, pending concurrence. Senate concurred
HB 2189 – Money Transmitters. Would require money transmitters handling foreign deposits to post a bond or other security in the amount of $50,000 plus $10,000 per location, not to exceed $450,000. The bill also would add a five-year tail to the bond requirement.
Status: 1/16/18: (H) hearing held in Joint Committee on Financial Services
HB 2192– Debt Management Services Providers. Would require debt management services providers to be licensed and post a surety bond in an amount that the Commissioner of Banks will determine.
Status: 12/18/17: (H) reported favorably by Financial Services and referred to Ways and Means
HB 2889 – Home Health Services Providers. Would require direct care agencies providing home health services to be licensed and to provide a surety bond, or other insurance establishing third-party liability. The bond or insurance would have to provide protection for clients, cover potential wage theft claims, litigation expenses, and other potential liabilities that the agency incurs, and that meets or exceeds minimum standards that the secretary of the Executive Office of Health and Human Services establishes.
Status: 7/31/17: (J) hearing held in Elder Affairs
HB 2987 – Public Officials. Would create the Massachusetts Health Care Trust. Any officers and employees that would have access to cash or negotiable securities would have to post a bond in an amount determined by the board of trustees. Blanket and schedule bonds would be permitted.
Status: 3/1/18: (S) reporting date extended to 4/25/18 pending concurrence; House concurred
Related Bill: SB 619
HB 3027 – Public Guardians. Would create the Office of Adult Guardianship and Decisional Support Services, and provide for the appointment of a public guardian. The public guardian would be required to post a bond to secure their faithful performance of duties. The executive director would set the bond amount.
Status: 3/21/18: in Joint Committee on Judiciary; extension order filed, extended until 5/2/18
Related Bill: SB 1177
HB 3805 – Professional Employer Organizations (PEOs). Would require PEOs to post a $250,000 surety bond and maintain a positive working capital. If the PEO does not have a positive working capital, then it could post a bond or other security in an amount equal to the deficiency, plus $250,000 to secure the payment of all taxes, wages, benefits or other entitlement due to or with respect to covered employees.
Status: 7/10/17: (H) reported favorably by committee and referred to Ways and Means
Related Bill: SB 2110
HB 4002 – Public Officials. Would establish Tourism Destination Marketing Districts (TDMD). The TDMD plan shall designate a regional tourism council as the management entity. The management entity shall be required to furnish a surety bond conditioned on the faithful performance of its duties.
Status: 11/2/17: (H) bill reported favorably by committee and referred to Ways and Means
HB 4331 – Appraisal Management Companies. Would require real estate appraisal management companies to be licensed and post a surety bond in an amount determined by the Board of Real Estate Appraisers. The bond would secure the faithful performance of the principal's obligations under the law. Direct actions against the bond would be permitted, but the surety's aggregate liability would not exceed the penal sum of the bond. A cash deposit or securities would be accepted in lieu of the bond.
Status: 3/26/18: (H) reported favorably by Financial Services Committee and referred to Ways and Means
SB 112 – Student Tuition Recovery Fund. Would establish a student tuition recovery fund, which would be in addition to the bond requirement.
Status: 2/14/18: (S) in Consumer Protection and Professional Licensure, ought NOT to pass under Joint Rule 10; rules suspended; report amended by substitution of bill; read and referred to Ways and Means
SB 619 – Public Officials. Would create the Massachusetts Health Care Trust. Any officers and employees that would have access to cash or negotiable securities would have to post a bond in an amount determined by the board of trustees. Blanket and schedule bonds would be permitted.
Status: 3/1/18: (S) reporting date extended to 4/25/18 pending concurrence; House concurred
Related Bill: HB 2987
SB 1177 – Public Guardians. Would create the Office of Adult Guardianship and Decisional Support Services, and provide for the appointment of a public guardian. The public guardian would be required to post a bond to secure their faithful performance of duties. The executive director would set the bond amount.
Status: 3/19/18: in Joint Committee on Judiciary; reporting date extended to 5/2/18, pending concurrence; House concurred on 4/2/18
Related Bill: HB 3027
SB 2110 – Professional Employer Organizations (PEOs). Would require PEOs to post a $250,000 surety bond and maintain a positive working capital. If the PEO does not have a positive working capital, then it could post a bond or other security in an amount equal to the deficiency, plus $250,000 to secure the payment of all taxes, wages, benefits or other entitlement due to or with respect to covered employees.
Status: 7/11/17: (S) reported favorably by committee and referred to the Ways and Means
Related Bill: HB 3805
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 4244 – Fireworks Displays. Would require a permit for a pyrotechnic display. A bond or insurance in an amount that a local government determines is sufficient to cover the claims for damages to property or personal injuries that arise out of an act or omission by the permittee, or his or her agent or employee, and to protect the public.
Status: 2/21/17: (H) in Regulatory Reform; bill electronically reproduced (2/16/17)
NEW LAW: HB 4471 – Receivers. Would adopt the Uniform Commercial Real Estate Receivership Act. Receivers would be required to post a surety bond or other security in an amount the court determines to secure the faithful performance of their duties. Claims on the bond would have to be brought within six months of the date the receiver is discharged.
Status: 2/6/18: approved by the Governor and filed with the Secretary of State; assigned PA 16'18 with immediate effect
NEW LAW: HB 5097 – Rights-of-Way - County Roads. Would revise the permit bond requirements for performing work on a right-of-way for a county road so that a county road commission could only require one bond, or other form of security, from a permittee to secure the performance of the conditions of all permits to construct, operate, maintain, or remove a facility or perform any other work in a right-of-way. The bill provides that the bond amount could not be more than $20,000, unless the county's population exceeds 250,000, in which case the bond could not be more than $40,000.
Status: 4/2/18: Approved by the Governor and filed with Secretary of State; assigned PA 97'18 with immediate effect
SB 187 – Security Alarm System Contractors. Would repeal the option to post a $25,000 bond in connection with licensure as a security alarm system contractor and private security business. Current law requires either a bond or insurance.
Status: 3/29/17: (H) referred to Regulatory Reform
SB 431 – Small Loan Lenders. Would regulate small loan lending businesses; lenders would be required to be licensed and post a $50,000 surety bond.
Status: 6/6/17: (S) introduced; referred to Banking and Financial Institutions
SB 514 – Conservators for Abandoned Properties. Would establish requirements for appointing conservators for abandoned properties. Owners of such properties would have to post a bond to secure the completion of remedial work on the property and retain possession of it. The bond amount would be equal to the project costs.
Status: 9/6/17: (S) introduced and referred to Local Government
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HF 1609 – Notaries Public. Would repeal the current law for notaries public and adopt the Revised Uniform Law on Notarial Acts. Under the new Act, notaries would be required to post a surety bond or its functional equivalent in an amount not yet determined.
Status: 4/9/18: (H) Committee Report: Adopt as Amended; second reading
Related Bill: SF 893
Note: The current version of the bill does not contain the bond requirement.
HF 1717 – Wholesale Produce Dealers. Would revise the bond requirement for wholesale produce dealers who currently must post a bond or letter of credit for up to $1 million. The bill would establish a schedule for determining the bond amount based on the dealer's monthly produce purchases. The bond amount would range from $5,000 to $1 million. For new dealers, a $10,000 bond would be required for the first year of licensure. The bill also would expand the types of security that could be furnished in lieu of the bond to include cash, a certified check, a cashier's check, a postal, bank or express money order, assignable bonds or notes of the U.S., an assignment of a bank savings account or investment certificate.
Status: 2/22/18: (H) Senate accedes, conference committee of 3 appointed: Weber, Goggin, and Tomassoni
HF 3242 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 3/1/18: (H) introduced and referred to Environment and Natural Resources Policy and Finance
Related Bill: SF 3024
HF 3424 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 4/9/18: (H) Committee Report: Adopt as Amended and re-refer to Ways and Means; re-referred to Ways and Means
Related Bill: SF 3168
HF 3502 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 3/8/18: (H) introduced and referred to Environment and Natural Resources Policy and Finance
Related Bill: SF 3141
HF 3688 – PACE Loan Program. Would establish the Property Assessed Clean Energy (PACE) loan program to provide loans for installing energy efficient technology in homes and businesses. The bill would require residential PACE loan administrators to be licensed and post a surety bond in an amount ranging from $100,000 to $200,000, based on the administrator's volume of PACE loans made in the State in the preceding year. For an initial license, the bond amount would be $100,000. The bond would secure the administrator's compliance with the applicable law and would have to be available for the recovery of expenses, fines, and fees that the Commissioner of Commerce levies and losses incurred by homeowners as a result of an administrator's noncompliance.
Status: 4/17/18: (H) referred by chair to Property Tax and Local Government Finance Division; recalled by chair Taxes
Related Bill: SF 3245
HF 3781 – DMEPOS and PCA Bonds. Would revise the bond requirements for DMEPOS suppliers and PCA provider agencies to include a 5-year tail for claims.
Status: 3/14/18: (H) introduced and referred to Health and Human Services Reform
Related Bill: SF 3174
HF 3872 – Repeal of Various Contractor Bonds. Would repeal the licensing and bond requirements for residential building contractors, residential remodelers, residential roofers, and manufactured home installers. The bond requirement for sign contractors would also be eliminated, along with the existing contractor recovery fund.
Status: 3/15/18: (H) introduced and referred to Commerce and Regulatory Reform
Related Bill: SF 3448
HF 3900 – Postsecondary Educational Institutions. Would revise the bond requirement for new postsecondary educational institutions with conditional approval to grant degrees by requiring them to post a minimum $10,000 bond. Under current law, a bond or irrevocable letter of credit, in an amount ranging from $10,000 to $250,000, is only required when the institution fails to meet minimum financial standards from the U.S. Department of Education. The proposed bond would be in addition to the existing requirement for schools that do not meet the financial standards.
Status: 3/15/18: (H) introduced and referred to Higher Education and Career Readiness Policy and Finance
Related Bill: SF 3327
HF 4055 – Wholesale Drug Distributors. Would revise existing law for wholesale drug distributors, requiring them to post a $100,000 surety bond as a condition of licensure. If the distributor has $10 million or less in annual gross receipts during the previous tax year, the distributor could post a $25,000 bond. The bond would be conditioned on payment of any civil penalties imposed. If a distributor provides evidence that it has a bond in place in another state, an additional bond would not be required. Government-owned and operated distributors would be exempt from the bond requirement.
Status: 3/19/18: (H) introduced and referred to Health and Human Services Reform
SF 893 – Notaries Public. Would repeal the current law for notaries public and adopt the Revised Uniform Law on Notarial Acts. Under the new Act, notaries would be required to post a surety bond or its functional equivalent in an amount not yet determined.
Status: 4/12/18: (S) Finance Committee Report: To pass as amended. Second reading.
Related Bill: HF 1609
Note: The current version of the bill does not contain the bond requirement.
SF 3024 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 3/8/18: (S) introduced and referred to Environment and Natural Resources Policy and Legacy Finance
Related Bill: HF 3242
SF 3141 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 4/9/18: (S) Chief author stricken, shown as co-author Ruud; Chief author added, Ingebrigtsen
Related Bill: HF 3502
SF 3168 – Leasing of State Forest Land. Would revise the existing law that authorizes the Commissioner of the Department of Natural Resources to require persons leasing State forest land to post a performance bond to allow other forms of security to be posted in lieu of the bond. The bill would also authorize the Commissioner to require a bond or other security in connection with leases of State land for: removing sand, gravel, clay, rock, marl, peat, and black dirt; storing ore, waste materials from mines, or rock and tailings from ore milling plants; roads or railroads; or any other uses. The bond would ensure the removal of any personal property on the leased lands upon the cancellation or termination of the lease.
Status: 4/12/18: (S) Finance Committee Report: To pass as amended. Second reading.
Related Bill: HF 3424
SF 3174 – DMEPOS and PCA Bonds. Would revise the bond requirements for DMEPOS suppliers and PCA provider agencies to include a 5-year tail for claims
Status: 3/12/18: (H) referred to Human Services Reform Finance and Policy
Related Bill: HF 3781
SF 3245 – PACE Loan Program. Would establish the Property Assessed Clean Energy (PACE) loan program to provide loans for installing energy efficient technology in homes and businesses. The bill would require residential PACE loan administrators to be licensed and post a surety bond in an amount ranging from $100,000 to $200,000, based on the administrator's volume of PACE loans made in the State in the preceding year. For an initial license, the bond amount would be $100,000. The bond would secure the administrator's compliance with the applicable law and would have to be available for the recovery of expenses, fines, and fees that the Commissioner of Commerce levies and losses incurred by homeowners as a result of an administrator's noncompliance.
Status: 4/16/18: (S) Taxes Committee Report: to pass as amended and re-refer to Finance
Related Bill: HF 3688
SF 3327 – Postsecondary Educational Institutions. Would revise the bond requirement for new postsecondary educational institutions with conditional approval to grant degrees by requiring them to post a minimum $10,000 bond. Under current law, a bond or irrevocable letter of credit, in an amount ranging from $10,000 to $250,000, is only required when the institution fails to meet minimum financial standards from the U.S. Department of Education. The proposed bond would be in addition to the existing requirement for schools that do not meet the financial standards.
Status: 3/26/18: (S) Committee Report: Pass as Amended; second reading
Related Bill: HF 3900
SF 3448 – Repeal of Various Contractor Bonds. Would repeal the licensing and bond requirements for residential building contractors, residential remodelers, residential roofers, and manufactured home installers. The bond requirement for sign contractors would also be eliminated, along with the existing contractor recovery fund.
Status: 3/15/18: (S) introduced and referred to Jobs and Economic Growth Finance and Policy
Related Bill: HF 3872
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1525 – Trustees. Would require the trustees of the Scenic Rivers Development Alliance who serve as officers of the board of trustees to post a $50,000 bond to secure the faithful performance of their duties.
Status: 2/21/18: approved by the Governor; effective upon passage
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 1388 – Promoters. Would require promoters to post a $25,000 surety bond or irrevocable letter of credit in connection with licensure to guarantee the payment to the State of all state athletic taxes and fees, and to pay all the contestants and officials.
Status: 4/17/18: (S) in Professional Registration; public hearing held
HB 1405 – Probate - Estates. Would increase the amount of the value of an estate for a minor for which the court could make decisions regarding the estate without appointing a conservator or requiring a bond from $10,000 to $50,000. This also would pertain to the appointing of a guardian ad litem of a minor.
Status: 1/24/18: (H) referred to Judiciary
HB 1639 – Scholarship Accounts Programs. Would establish the Missouri Empowerment Scholarship Accounts Program to provide scholarship funds. Educational assistance organizations would be required to post a surety bond or file financial information, demonstrating their ability to repay the funds if they receive more than $50,000 in scholarship funds. The bond would have to be in an amount equal to the aggregate amount of scholarship funds expected to be received during the school year. Scholarship account holders also would have to post bonds.
Status: 1/4/18: (H) read second time
Related Bills: HB 2283, SB 565, SB 612
HB 1656 – Professional Employer Organizations (PEOs). Would require a PEO, or PEO groups, to maintain a positive working capital. If the PEO fails to do so, then it could provide a surety bond or other security in an amount sufficient to make up the deficiency, plus $100,000. The bond would secure the payment of all taxes, wages, benefits, or other entitlements due to or with respect to covered employees.
Status: 4/17/18: (S) executive session held, voted Do Pass
Related Bills: HB 1719, SB 600, and SB 666
HB 1708 – Public Officials. Would require the Commissioner of Administration to obtain a blanket bond or crime insurance policy instead of individual bonds for state-compensated employees in the judiciary. The Commissioner could require officers, employees, or agents of the State to post an individual bond if such person has responsibility for or access to any of the State's money or property, and the person is not otherwise required to post a bond. The bill would allow the Commissioner to assume the risk in lieu of obtaining bonds.
Status: 4/10/18: (H) executive session completed, reported Do Pass; referred to Rules - Legislative Oversight
Related Bill: HB 1717
HB 1717 – Public Officials. Would require the Commissioner of Administration to obtain a blanket bond or crime insurance policy instead of individual bonds for state-compensated employees in the judiciary. The Commissioner could require officers, employees, or agents of the State to post an individual bond if such person has responsibility for or access to any of the State's money or property, and the person is not otherwise required to post a bond. The bill would allow the Commissioner to assume the risk in lieu of obtaining bonds.
Status: 3/13/18: (H) executive session completed. From Government Efficiency: voted Do Pass; referred to Rules - Legislative Oversight
Related Bill: HB 1708
HB 1719 – Professional Employer Organizations (PEOs). Would require a PEO, or PEO groups, to maintain a positive working capital. If the PEO fails to do so, then it could provide a surety bond or other security in an amount sufficient to make up the deficiency, plus $100,000. The bond would secure the payment of all taxes, wages, benefits, or other entitlements due to or with respect to covered employees.
Status: 4/17/18: (S) in Professional Registration; public hearing held
Related Bills: HB 1656, SB 600 , and SB 666
HB 1928 – Licensing Regulations. Would prohibit the State from imposing a substantial burden on an individual pursuing an occupation or profession unless there is a reasonable interest to protect the general welfare. Any regulation would have to be the least restrictive type that is consistent with the public interest to be protected, and bonding and insurance are listed as the least restrictive type. In the case of regulations for an occupation or profession where the threat to the public resulting from the practitioner's services is easily predictable, a system of insurance, bonding, or registration must be implemented. Registration could include bonding. Certification is required when the consumer is at a disadvantage in being unable to judge the quality of service being provided. If bonding, insurance, registration, and certification are insufficient, a licensing system would be required. A regulatory entity would have to report on the reasoning for any legislation filed that imposes additional regulations on a profession or occupation that is already regulated. Such report must include information on why bonding and insurance, registration, certification, a license, or another type of regulation is being proposed, why it was chosen, and whether it is appropriate.
Status: 4/17/18: (S) in Professional Registration; executive session held, voted Do Pass
HB 2122 – Motor Vehicle Dealers. Would increase the amount of the license bond for vehicle dealers from $25,000 to $50,000.
Status: 4/17/18: (S) referred to Senate Fiscal Oversight
Related Bill: SB 707
HB 2226 – Litigation Funding. Would require litigation financiers to register and post a $50,000 surety bond, conditioned on compliance with applicable law.
Status: 1/24/18: (H) read second time
HB 2283 – Scholarship Accounts Programs. Would establish the Missouri Empowerment Scholarship Accounts Program to provide scholarship funds. Educational assistance organizations would be required to post a surety bond or file financial information, demonstrating their ability to repay the funds if they receive more than $50,000 in scholarship funds. The bond would have to be in an amount equal to the aggregate amount of scholarship funds expected to be received during the school year. Scholarship account holders also would have to post bonds.
Status: 1/31/18: (H) to Elementary and Secondary Education
Related Bills: HB 1639, SB 565, SB 612
HB 2321 – Medical Marijuana. Would authorize the use of medical marijuana, and require medical cannabis centers and cultivation and production facilities to be licensed and post a $25,000 surety bond. The bond would be conditioned on the licensee reporting and paying all sales and use taxes due to the State.
Status: 1/31/18: (H) read second time
HB 2590 – Notaries Public. Would revise the existing law's notary bond requirement concerning claims. The surety would be required to report all claims to the Secretary of State, and the surety's liability would be only for damages that result from the notary's negligence, intentional violation of the law, or official misconduct in relation to a notarization during the bond term. The surety's aggregate liability would be limited to the bond amount.
Status: 4/5/18: (H) Reported Do Pass
Related Bill: SB 1023
HB 2673 – Mechanical Contractors. Would require mechanical contractors to be licensed and post a surety bond for each political subdividion in which the contractor will do work, if the political subdivision requires a bond.
Status: 3/29/18: (H) referred to Rules - Administrative Oversight
SB 565 – Scholarship Accounts Programs. Would establish the Missouri Empowerment Scholarship Accounts Program to provide scholarship funds. Educational assistance organizations would be required to post a surety bond or file financial information, demonstrating their ability to repay the funds if they receive more than $50,000 in scholarship funds. The bond would have to be in an amount equal to the aggregate amount of scholarship funds expected to be received during the school year. Scholarship account holders also would have to post bonds.
Status: 1/8/18: (S) second read and referred to Education
Related Bills: HB 1639, HB 2283, SB 612
SB 600 – Professional Employer Organizations (PEOs). Would require a PEO, or PEO groups, to maintain a positive working capital. If the PEO fails to do so, then it could provide a surety bond or other security in an amount sufficient to make up the deficiency, plus $100,000. The bond would secure the payment of all taxes, wages, benefits, or other entitlements due to or with respect to covered employees.
Status: 4/10/18: (H) hearing conducted in General Laws
Related Bills: HB 1656, HB 1719, and SB 666
SB 612 – Scholarship Accounts Programs. Would establish the Missouri Empowerment Scholarship Accounts Program to provide scholarship funds. Educational assistance organizations would be required to post a surety bond or file financial information, demonstrating their ability to repay the funds if they receive more than $50,000 in scholarship funds. The bond would have to be in an amount equal to the aggregate amount of scholarship funds expected to be received during the school year. Scholarship account holders also would have to post bonds.
Status: 4/4/18: (S) on Informal Calendar, Bills for Perfection
Related Bills: HB 1639, HB 2283, SB 565
SB 666 – Professional Employer Organizations (PEOs). Would require a PEO, or PEO groups, to maintain a positive working capital. If the PEO fails to do so, then it could provide a surety bond or other security in an amount sufficient to make up the deficiency, plus $100,000. The bond would secure the payment of all taxes, wages, benefits, or other entitlements due to or with respect to covered employees.
Status: 4/17/18: (H) General Laws reported Do Pass; referred to Rules - Legislative Oversight
Related Bills: HB 1656, HB 1719 and SB 600
SB 707 – Motor Vehicle Dealers. Would increase the amount of the license bond for vehicle dealers from $25,000 to $50,000.
Status: 4/18/18: (H) in Transportation; executive session scheduled
Related Bill: HB 2122
SB 884 – Retail Sales Licenses. Provides that the bond or other security that retail sales licensees are required to post to secure the payment of their tax liability would instead be required at the discretion of the Director of Revenue.
Status: 4/17/18: (H) hearing conducted in General Laws
SB 967 – Litigation Funding. Would require litigation financiers to register and post a $50,000 surety bond, conditioned on compliance with applicable law.
Status: 2/28/18: (S) hearing conducted in Government Reform
Related Bill: HB 2226
SB 1023 – Notaries Public. Would revise the existing law's notary bond requirement concerning claims. The surety would be required to report all claims to the Secretary of State, and the surety's liability would be only for damages that result from the notary's negligence, intentional violation of the law, or official misconduct in relation to a notarization during the bond term. The surety's aggregate liability would be limited to the bond amount.
Status: 4/17/18: (H) second read
Related Bill: HB 2590
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: LB 743 – Public Adjusters. Would require public adjusters to be licensed and post a minimum $20,000 surety bond as a form of financial responsibility.
Status: 3/21/18: approved by the Governor; effective
LB 987 – Virtual Currency Businesses. Would require virtual currency businesses to be licensed and post a surety bond or other security in an amount determined by the Department of Banking and Finance, based on the nature and the extent of the licensee's virtual currency business model. The Department could increase the bond amount required for good cause. The bond only could be required if it is generally available for a reasonable cost. Only the Department could make claims against the bond.
Status: 1/23/18: notice of hearing for 2/6/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
SB 442 – Postsecondary Career Schools. Would revise the amount of the bond required for postsecondary career schools. The bond amount would have to be sufficient to reimburse the tuition of any student contract which cannot be fulfilled, taking into account the number of students or potential students to be reimbursed and the expenses for investigating and processing claims. The minimum bond amount would remain at $10,000.
Status: 4/12/18: (H) Ought to Pass: MA VV 4/12/18; Due out of committee on 4/26/18
SB 569 – Animal Cruelty. Would establish additional procedures for determining the bond requirement for persons whose animals are confiscated during an animal cruelty case. A maximum $2,000 bond currently is required. The bill provides that the bond amount must be sufficient to cover the costs of care for the animal for 30 days, and provides for the renewal of the bond if necessary during the proceedings.
Status: 4/12/18: (H) full committee work session scheduled for 4/18/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
AB 1549 – Landlords and Tenants. Would allow tenants in a residential building to post a bond in lieu of a security deposit in an amount equal to all or part of the deposit, not to exceed 1 1/2 months' rent. The bill sets out the responsibilities of both the tenant and the landlord under the bond. The bill also contains provisions for placing the building into receivership, and the receiver would have to be bonded. The court could require the building owner to post a bond or other security for buildings in receivership in an amount up to 50% of the fair market value of the building(s) to secure against code violations.
Status: 1/9/18: (A) introduced; referred to Housing and Community Development
AB 1579 – Tobacco Products Distributors. Would require tobacco products distributors to post a minimum $10,000 license bond to secure compliance with the applicable law. Also, the tax bond required for wholesalers and distributors of tobacco products would have to be at least $10,000. Current law provides that the Director of the Division of Taxation determines the bond amount.
Status: 1/9/18: (A) introduced; referred to Health and Senior Services
Related Bills: AB 1586 and SB 1184
AB 1586 – Tobacco Products Distributors. Would require tobacco products distributors to post a minimum $10,000 license bond to secure compliance with the applicable law. Also, the tax bond required for wholesalers and distributors of tobacco products would have to be at least $10,000. Current law provides that the Director of the Division of Taxation determines the bond amount.
Status: 1/9/18: (A) introduced; referred to Health and Senior Services
Related Bills: AB 1579 and SB 1184
AB 2035 – Mortgage Lenders. Would revise current law for mortgage lenders to establish requirements for nonprofit entities employing mortgage loan originators. Exempt companies would not be subject to the existing law for residential mortgage lending, but they would be required to register and post a blanket bond in the amount of at least $25,000 to cover its mortgage loan origination activities. The bond would run to the State for the benefit of any person injured by the wrongful act, default, fraud or misrepresentation of any originator.
Status: 2/8/18: (A) reported out of Financial Institutions and Insurance; second reading
Related Bill: SB 709
AB 2714 – Money Transmitters. Provides that a money transmitter would be liable to a purchaser or holder of an outstanding payment instrument, which is issued by the licensee or received by the licensee's authorized delegate for transmission and set off by the financial institution. If the licensee does not have sufficient assets to make the purchaser or holder whole, they would be entitled to reimbursement from the bond or other security.
Status: 2/1/18: (A) introduced; referred to Consumer Affairs
SB 214 – Home Improvement Contractors. Would require home improvement contractors to post a surety bond in the amount of $25,000 or such other amount as may be determined by rule, in connection with registration. Direct actions against the bond would be permitted. The contractor or surety would have 60 days to resolve a claim, otherwise the claimant could bring suit against the surety. Any suit would have to be brought within 2 years after the expiration of the registration period when the conduct giving rise to the claim occurred.
Status: 1/9/18: (S) introduced; referred to Commerce
SB 709 – Mortgage Lenders. Would revise current law for mortgage lenders to establish requirements for nonprofit entities employing mortgage loan originators. Exempt companies would not be subject to the existing law for residential mortgage lending, but they would be required to register and post a blanket bond in the amount of at least $25,000 to cover its mortgage loan origination activities. The bond would run to the State for the benefit of any person injured by the wrongful act, default, fraud or misrepresentation of any originator.
Status: 1/9/18: (S) introduced; referred to Commerce
Related Bill: AB 2035
SB 934 – Grease Recyclers. Would require grease recyclers to register and post a surety bond or other form of financial assurance in an amount sufficient to remediate environmental or health harms that are caused by noncompliant disposal, dumping or other release of grease. The amount would be determined by the Department of Environmental Protection.
Status: 1/16/18: (S) introduced; referred to Environment and Energy
SB 1184 – Tobacco Products Distributors. Would require tobacco products distributors to post a minimum $10,000 license bond to secure compliance with the applicable law. Also, the tax bond required for wholesalers and distributors of tobacco products would have to be at least $10,000. Current law provides that the Director of the Division of Taxation determines the bond amount.
Status: 1/25/18: (S) introduced; referred to Health, Human Services and Senior Citizens
Related Bills: AB 1579 and AB 1586
SB 1555 – Education Savings Accounts. Would establish education savings accounts for students to attend private schools. Participating schools receiving $50,000 or more in funds from these accounts during the school year would have to post a surety bond in an amount equal to the amount of funds to be received during the school year. In lieu of the bond, the school could file financial information demonstrating that the school has unencumbered assets equal to the amount to be received.
Status: 2/5/18: (S) introduced: referred to Education
SB 2068 – Business Consulting Firms. Would require small business consulting firms to register and post a $10,000 surety bond. The bond would be held for 90 days after the expiration or revocation of the registration. The bond terms and conditions would be determined through regulations.
Status: 3/5/18: (S) introduced; referred to Commerce
SB 2158 – Animal Cruelty. Would require a person charged in an animal cruelty case to post a bond or make other financial arrangements for the costs of care of an animal while it is being held in custody following its forfeiture as a result of the charges.
Status: 3/5/18: (S) introduced; referred to Economic Growth
NEW LAW: SB 3233 – Subdivision Bonds in a Municipality. Would revise the existing requirements for subdivision bonds in a municipality. Current law requires a bond equal to 120% of the cost of installing the improvements. The bill provides that the bond amount would be based on the cost of only the improvements required by the approval or developer's agreement, ordinance, or regulation to be dedicated to the public entity that have not yet been installed. See the actual bill for more provisions.
Status: 1/16/18: approved by the Governor; P.L. 2017, c.312; effective immediately
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 19 – Conservators. Would adopt the Uniform Guardianship, Conservatorship and Other Protective Arrangements Act. The bill would rewrite the bond requirements for conservators by specifying that an "alternative asset protection plan" could be furnished in lieu of the bond. Also, the court could not waive the bond requirement if the conservator is a business that is being paid for its services as a conservator. However, a financial institution that possesses and is exercising general trust powers is not required to post a bond. Direct actions against the bond would be permitted.
Status: 2/28/18: signed by the Governor; Chapter 10; effective 7/1/18
NEW LAW: SB 101 – Directed Trusts. Would set out the requirements for a directed trust. Unless the terms of the trust provide for a different requirement, the trust director would be subject to the bond requirements of the Uniform Trust Code.
Status: 3/2/18: signed by the Governor; Chapter 63; effective 1/1/19
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
AB 124 – Energy Services Companies. Would permit a municipality or municipalities to participate in a community choice energy aggregation program to procure electric and/or gas supply services from an energy services company. The company could be required to post a performance bond as a condition of its contract with the municipalities.
Status: 1/3/18: (A) referred to Energy
Related Bill: SB 3094
AB 644 – Depository Institutions. Would permit credit unions to accept deposits from the State, and subject them to current law for securing such deposits.
Status: 1/3/18: (A) referred to Banks
Related Bill: SB 1442
AB 758 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "The Westchester Way" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/8/18: (A) referred to Transportation
AB 828 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for a "Pink Ribbon" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
Related Bill: SB 2221
AB 1122 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for mental health counselors to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
AB 2848 – Prescription Drug Wholesalers. Would require prescription drug wholesalers to register and post a minimum $100,000 performance or surety bond to secure compliance with the proposed law. Exemptions to the requirement would include nonprofit groups, such as hospitals and correctional facilities that limit distribution to their own facilities and do not return medications to other entities, and wholesalers owned and operated by a facility subject to the public health law's requirements for hospitals, as well as other facilities governed by a state agency that limit their distribution of prescription drugs to facilities and practitioners within their network and operations and do not sell or return medications to manufacturers or to other wholesalers.
Status: 1/3/18: (A) referred to Higher Education
AB 3506 – Marijuana Retailers. Would require marijuana retailers to be licensed and post a surety bond in an amount equal to 2 months of a marijuana cultivation facility's anticipated retail marijuana excise tax liability. The Liquor Authority would be authorized to recover the penal sum of the bond in connection with the revocation, suspension or cancellation of the license.
Status: 1/3/18: (A) referred to Codes
Related Bill: SB 3040
AB 4424 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Boy Scouts of America to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/31/18: (A) amend and recommit to Transportation; Print Number 4424A
Related Bill: SB 403
AB 4635 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for members of the U.S. Army 10th Mountain Division to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 3/15/18: (A) amended and recommitted to Transportation; Print Number 4635B
Related Bill: SB 860
AB 5305 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Down's Syndrome Awareness to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/8/18: (A) referred to Transportation
Related Bill: SB 4013
AB 5309 – Debt Management Services Providers. Would require debt management services providers to be licensed and to post a $250,000 surety bond. The bond would secure the repayment of improper fees charged by the provider, funds that the provider did not properly distribute to pay debts, and pay any outstanding Banking Department examination costs or assessments. The bond amount could be adjusted based on the provider's business practices and financial condition. Other forms of security would be accepted in lieu of a surety bond.
Status: 1/3/18: (A) referred to Consumer Affairs and Protection
AB 5998 – Towing Companies. Would increase the amount of the license bond required for towing companies in NYC from $5,000 to $25,000, and increase the maximum amount the NYC DOT can require from $25,000 to $250,000. Existing law permits towing companies to participate in a recovery fund in lieu of posting a bond. Companies with a record of violations would be required to post a bond.
Status: 1/3/18: (A) referred to Cities
Related Bill: SB 5996
AB 6569 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for legion of valor recipients to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/12/18: (A) amend and recommit to Transportation; Print Number 6569A
Related Bill: SB 4609
AB 6644 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for the New York City Fire Riders motorcycle club to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/30/18: (A) amend and recommit to Transportation; Print Number 644B
Related Bill: SB 2636
AB 6855 – International Marriage Brokers. Would require international marriage brokers to post a $50,000 license bond conditioned on compliance with the provisions of the proposed law and any rules and regulations promulgated by the Secretary of State. The bond would guarantee payment of fines, penalties, and judgments issued against the licensee, and would have to be maintained for the duration of the business and for 3 years after dissolution of the business.
Status: 1/3/18: (A) referred to Economic Development
Related Bill: SB 2384
AB 7000 – Scholarship Program. Would establish a scholarship program as part of a school choice program for students with disabilities. Schools participating in the program that anticipate receiving $50,000 or more in scholarships during the school year would be required to post a surety bond equal to the amount expected to be received during the school year. In lieu of the bond, the school could provide financial information demonstrating the ability to repay the amount expected to be received.
Status: 1/3/18: (A) referred to Education
AB 7364 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Kids Deserve Justice" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
Related Bill: SB 3296
AB 7715 – Distinctive License Plates. Would require persons seeking the production of a "September 11, 2001 Remembrance" distinctive license plate to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/22/18: (A) amend and recommit to Transportation
Related Bill: SB 6072
AB 7769 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "NYS Veterans Remembrance" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 3/16/18: (A) amended and recommitted to Transportation; Print Number 7769A
Related Bill: SB 2504
AB 7961 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for the Women's Veterans Support Fund to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
Related Bill: SB 5412
AB 8199 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Korean Defense Veterans to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
AB 8200 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for family members of paid, professional firefighters who died in the line of duty to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/31/18: (A) amend and recommit to Transportation; Print Number 8200A
Related Bill: SB 226
AB 8439 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "4-H Member" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
Related Bill: SB 2506
AB 8637 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for active duty members and veterans of the armed forces of the United States and their spouses to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (A) referred to Transportation
Related Bill: SB 6858
AB 9766 – Debt Collection Agencies. Would require debt collection agencies to be licensed and post a surety bond or other security in an amount based on the number of persons employed by the licensee, ranging from $10,000 to $75,000. The bond would secure the licensee's compliance with applicable law and payment of all costs and penalties.
Status: 2/6/18: (A) referred to Consumer Affairs and Protection
Related Bills: AB 8112, SB 1999, and SB 7099
AB 9960 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for a "Clean Pass Vehicle" to post a $6,000 surety bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 3/2/18: (A) introduced and referred to Transportation
AB 10035 – Master Plumbers and Mechanical Tradespersons. Would require master plumbers to be licensed and mechanical tradespersons to be certified; they would be required to post a $25,000 bond, workers' compensation insurance, and/or liability insurance. The bond and insurance policy would have to include a provision for continued liability and name the State as an additional insured.
Status: 3/8/18: (A) introduced and referred to Higher Education
AB 10328 – Encroachment on Adjoining Property. Would revise the proceedings set forth in existing law under which an owner or lessee of a property would seek a license for entry to an adjoining property in connection with making improvements to their own property. The owner or lessee would have to post a bond in an amount based on the value of the adjoining property, the extent of the proposed work, and the potential for damage to the adjoining property.
Status: 4/10/18: (A) introduced and referred to Judiciary
SB 226 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for family members of paid, professional firefighters who died in the line of duty to post a $6,000 surety bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/12/18: (A) passed Senate and transmitted to Assembly; referred to Transportation
Related Bill: AB 8200
SB 236 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Korean Defense Veterans to post a $6,000 surety bond unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
SB 403 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Boy Scouts of America to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/24/18: (S) amended in Transportation
Related Bill: AB 4424
SB 757 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Bronze or Silver Star recipients to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/23/18: (S) amend and recommit to Transportation; Print Number 757A
SB 860 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for members of the U.S. Army 10th Mountain Division to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/23/18: (S) amend and recommit to Transportation; Print Number 860B
Related Bill: AB 4635
SB 1442 – Depository Institutions. Would permit credit unions to accept deposits from the State, and subject them to current law for securing such deposits.
Status: 1/3/18: (S) referred to Banks
Related Bill: AB 644
SB 2221 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for a "Pink Ribbon" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 828
SB 2334 – Immigration Assistance Providers. Would require immigration assistance providers to obtain a license from the Department of State; would direct the Secretary of State to enforce the existing law's licensing and surety bond requirements, including posting information on the Department's website demonstrating that the provider is in compliance with the bond requirement.
Status: 2/22/18: (S) amend and recommit to Consumer Protection; Print Number 2334A
Related Bill: SB 3115
SB 2384 – International Marriage Brokers. Would require international marriage brokers to post a $50,000 license bond conditioned on compliance with the provisions of the proposed law and any rules and regulations promulgated by the Secretary of State. The bond would guarantee payment of fines, penalties, and judgments issued against the licensee, and would have to be maintained for the duration of the business and for 3 years after dissolution of the business.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 6855
SB 2504 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "NYS Veterans Remembrance" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 3/12/18: (S) amended on Senate floor
Related Bill: AB 7769
SB 2505 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Iraq Conflict Veteran" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
SB 2506 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "4-H Member" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 8439
SB 2507 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Afghanistan Conflict Veteran" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
SB 2508 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Drug Abuse Resistance Education (D.A.R.E.)" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
SB 2636 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for the New York City Fire Riders motorcycle club to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/29/18: (S) amend and recommit to Transportation; Print Number 2636B
Related Bill: AB 6644
SB 3040 – Marijuana Retailers. Would require marijuana retailers to be licensed and post a surety bond in an amount equal to 2 months of a marijuana cultivation facility's anticipated retail marijuana excise tax liability. The Liquor Authority would be authorized to recover the penal sum of the bond in connection with the revocation, suspension or cancellation of the license.
Status: 1/3/18: (S) referred to Finance
Related Bill: AB 3506
SB 3094 – Energy Services Companies. Would permit a municipality or municipalities to participate in a community choice energy aggregation program to procure electric and/or gas supply services from an energy services company. The company could be required to post a performance bond as a condition of its contract with the municipalities.
Status: 1/3/18: (S) referred to Telecommunications
Related Bill: AB 124
SB 3115 – Immigration Assistance Providers. Would require immigration assistance providers to obtain a license from the Department of State; would direct the Secretary of State to enforce the existing law's licensing and surety bond requirements, including posting information on the Department's website demonstrating that the provider is in compliance with the bond requirement.
Status: 1/3/18: (S) referred to Consumer Protection
Related Bill: SB 2334
SB 3296 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Kids Deserve Justice" to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 7364
SB 4013 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Down's Syndrome Awareness to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 3/19/18: (S) Notice of Committee Consideration - requested
Related Bill: AB 5305
SB 4400 – Contractors. Would require contractors to register with the Department of Labor before they can bid on a public works project. For violations, the Commissioner could require a contractor to post a surety bond as a condition of registration. The bond would be for the benefit of workers damaged by the contractor's failure to pay wages or benefits in compliance with the applicable law. The Commissioner would determine the bond amount, but it could not exceed $10,000.
Status: 1/3/18: (S) referred to Labor
SB 4609 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for legion of valor recipients to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/26/18: (S) amend and recommit to Transportation; Print Number 4609A
Related Bill: AB 6569
SB 5412 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for the Women's Veterans Support Fund to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 7961
SB 5996 – Towing Companies. Would increase the amount of the license bond required for towing companies in NYC from $5,000 to $25,000, and increase the maximum amount the NYC DOT can require from $25,000 to $250,000. Existing law permits towing companies to participate in a recovery fund in lieu of posting a bond. Companies with a record of violations would be required to post a bond.
Status: 1/3/18: (S) referred to Cities
Related Bill: AB 5998
SB 6072 – Distinctive License Plates. Would require persons seeking the production of a "September 11, 2001 Remembrance" distinctive license plate to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 2/22/18: (S) amend and recommit to Finance; Printe Number 6072A
Related Bill: AB 7715
SB 6858 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for active duty members and veterans of the armed forces of the United States and their spouses to post a $6,000 bond, unless 200 orders for the plate are received along with the required additional fees for the plate prior to the plate's design, production and issuance.
Status: 1/3/18: (S) referred to Transportation
Related Bill: AB 8637
SB 7099 – Debt Collection Agencies. Would require debt collection agencies to be licensed and post a surety bond or other security in an amount based on the number of persons employed by the licensee, ranging from $10,000 to $75,000. The bond would secure the licensee's compliance with applicable law and payment of all costs and penalties.
Status: 1/3/18: (S) referred to Consumer Protection
SB 8020 – Distinctive License Plates. Would require persons seeking the production of a "Red Cross Spirit of Service" license plate to post a $6,000 bond, unless 200 orders are received prior to the production of the license plate, in which case no bond would be required.
Status: 3/20/18: (S) introduced and referred to Transportation
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 617 – Motor Vehicle Dealers. Would revise the existing law to require licensed motor vehicle dealers seeking to obtain a supplemental temporary license for off-premises sales of antique motor vehicles and specialty motor vehicles to post a $50,000 bond.
Status: 6/15/17: (S) withdrawn from committee; re-referred to Commerce and Insurance; if favorable, re-refer to Rules and Operations of the Senate
NEW LAW: SB 257 – Education Savings Accounts. Would establish the North Carolina Personal Education Savings Account Program in which students could apply for scholarship funds that would be held in a special account and used to pay tuition to attend a non-public school. The bill would require the North Carolina State Education Assistance Authority to adopt regulations for this program that include requirements for account holders to obtain a surety bond or insurance.
Status: 6/28/17: (H) Governor's veto was overridden; Ch. SL 2017-57; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 148 – Home Improvement Contractors. Would require home improvement contractors to register and obtain liability insurance or a surety bond for at least $250,000.
Status: 3/29/17: (H) read second time; referred to Finance
HB 168 – Trustees. Would revise the bond requirement for trustees of an endowment care trust fund for cemeteries or a preneed cemetery merchandise and services trust to obtain a fidelity bond or an insurance policy instead of the surety bond required under existing law.
Status: 2/28/18: (S) from Finance: recommended passage
HB 189 – Cosmetology Schools. Would increase the bond amount required for cosmetology schools from $10,000 to $100,000.
Status: 3/8/18: (H) from Government Accountability and Oversight: recommended as substituted
Related Bill: SB 129
HB 291 – Local Public Officials. Would permit a board of county commissioners, a board of township trustees, and a legislative authority of a municipal corporation and their officers, officials, employees or appointees to obtain an employee dishonesty and faithful performance of duty policy instead of the surety bond required under current law. The policy would have to provide coverage in an amount equal to or greater than the maximum bond amount required under existing law. The bill would permit the insurance policy to be provided by a joint self-insurance fund as authorized under existing law for political subdivisions.
Status: 3/21/18: (S) referred to Local Government, Public Safety and Veterans Affairs
HB 583 – Occupational Licensing Reform. This is an occupational licensing reform measure that would address municipal licensing requirements in addition to state licensing requirements. The bill would eliminate the authorization for municipalities to require specialty contractors licensed at the state level to register with the municipality and post a bond. A bond is not required in connection with a state license for contractors. The bill would also prohibit political subdivisions from requiring licenses for any profession that already is required to obtain a license under state law. The bill sets forth guidelines for all state licensing authorities to develop requirements concerning what criminal offenses disqualify a person from obtaining a license. The bill would revise the existing law for various licenses to require compliance with these standards instead of the current requirements concerning criminal convictions. The bill would also prohibit including non-specific license qualification requirements in a license application, such as moral character or moral turpitude.
Status: 4/10/18: (H) read second time; referred to Economic Development, Commerce, and Labor
SB 115 – Roofing Contractors. Would require roofing contractors that provide roofing, gutter, downspout, or siding services to post a surety bond in an amount that the Ohio Construction Industry Licensing Board would determine.
Status: 4/26/17: (S) referred to Government Oversight and Reform Committee
SB 129 – Cosmetology Schools. Would increase the bond amount required for cosmetology schools from $10,000 to $100,000.
Status: 4/26/17: (S) referred to Government Oversight and Reform Committee
Related Bill: HB 189
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 3209 – Public Officials. Would eliminate the bond requirement for the director of the Department of Corrections and its employees.
Status: 4/11/18: (S) reported Do Pass as Amended by Appropriations; title stricken
SB 570 – Cosmetology and Barber Schools. Would repeal the bond required for cosmetology and barber schools in order to be licensed. Current law requires a $2,000 bond for the first instruction plus $1,000 for each additional instructor.
Status: 2/5/18: (S) remove Rep. Biggs as principal author and substitute with Rep. Cockroft
SB 1060 – Promoters. Would subject promoters of entertainment wrestling events to the existing permit bond requirement for sports promoters. The Oklahoma State Athletic Commission determines the bond amount. The bond secures the faithful performance of the promoter's duties.
Status: 4/11/18: (H) Committee Report: Do Pass as Amended by CS, Banking and Business Committee; co-authored by Sen. Pittman
SB 1380 – Enforcement Officers. Would repeal the bond required for the enforcement officers of the Corporation Commission. Current law requires the officers to post a $25,000 bond to secure the faithful performance of the duties of office.
Status: 4/12/18: (H) withdrawn from Appropriations and Budget Public Safety Subcommittee
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 4087 – Liens on Motor Vehicles. Would prohibit a person from creating, attaching, asserting, or claiming a possessory lien on a motor vehicle unless the person is a franchised motor vehicle dealership, the lien is against an abandoned motor vehicle, or the person posts a minimum $20,000 surety bond prior to making, altering, repairing, transporting, storing, providing services for, supplying materials for or performing labor in connection with the motor vehicle. The bond would secure payment to the owner of the vehicle for the full amount of any damages, costs, reimbursements, or attorney fees that the owner obtains in an action to release the lien.
Status: 4/3/18: signed by the Governor; effective 1/1/19
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 76 – Transient Vendors and Taxes. Would require transient vendors to register in connection with this tax assessment and post a $500 bond to secure its compliance with a proposed sales and use tax on residential property. The bill also would authorize the Department of Revenue (Department) to require a bond from nonresident persons or entities, a building contractor, or a supplier delivering building materials that is not authorized to do business in or does not have a place of business in the Commonwealth and is subject to the proposed sales and use tax. The Department would determine the bond amount. The Department could require a bond from person petitioning for reassessment if the assessment is over $500 or the Department determines the collection of the tax is in jeopardy. Persons who have filed a return or made payment to the department more than 30 days late three or more times in a 12‑month could be required to post a bond.
Status: 4/10/18: (H) introduced and referred to Finance
Related Bills: HB 1318, SB 76
HB 392 – Fantasy Contest Operators. Would require fantasy contest operators to adopt procedures for operating the contest that include segregating the fantasy contest players' funds from its operational funds. The operator would have to maintain a reserve in the form of a bond or other security equal to the deposits in the players' accounts to secure the players' funds.
Status: 2/8/17: (H) introduced; referred to Gaming Oversight
Related Bills: HB 865, SB 477, SB 524
HB 780 – Mortgage Servicers. Would require mortgage servicers to be licensed and to obtain a $500,000 surety bond for the use of a consumer who is injured by the acts or omissions of the licensee's mortgage loan originators. The mortgage servicer also would have to obtain a fidelity bond in accordance with the guidelines from the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. The licensee would have to maintain a net worth of at least $250,000.
Status: 5/4/17: (S) referred to Banking and Insurance
HB 865 – Fantasy Contest Operators. Would require fantasy contest operators to adopt procedures for operating the contest that include segregating the fantasy contest players' funds from its operational funds. The operator would have to maintain a reserve in the form of a bond or other security equal to the deposits in the players' accounts to secure the players' funds.
Status: 6/19/17: (H) in Gaming Oversight; laid on the table
Related Bills: HB 392, SB 477, SB 524
HB 1318 – Transient Vendors and Taxes. Would require transient vendors to register in connection with this tax assessment and post a $500 bond to secure its compliance with a proposed sales and use tax on residential property. The bill also would authorize the Department of Revenue (Department) to require a bond from nonresident persons or entities, a building contractor, or a supplier delivering building materials that is not authorized to do business in or does not have a place of business in the Commonwealth and is subject to the proposed sales and use tax. The Department would determine the bond amount. The Department could require a bond from person petitioning for reassessment if the assessment is over $500 or the Department determines the collection of the tax is in jeopardy. Persons who have filed a return or made payment to the department more than 30 days late three or more times in a 12-month period could be required to post a bond.
Status: 5/2/17: (H) introduced and referred to Finance
HB 1885 – Probate - Personal Representatives. Provides that a personal representative for an estate could be required to post additional security if the register determines that the bond posted is insufficient based on a review of the inventory or inheritance tax return.
Status: 4/9/18: (H) second consideration, re-committed to Appropriations
HB 2054 – Inheritance and Estate Taxes. Would eliminate the inheritance and estate tax. Current law includes bond requirements for trustees seeking an extension for payment of the tax and for persons who are delinquent in the payment of the tax, which would be eliminated with the repeal of the law.
Status: 2/8/18: (H) introduced and referred to Finance
HB 2228 – Scholarship Program. Would create the Keystone Scholarship Program for Exceptional Students which would allow eligible students to receive funds to attend a non-public school. If a participating school receives $50,000 or more in a school year from these scholarship funds, the school would be required to post a bond in an amount equal to the amount of funds received during the school year, or provide financial information demonstrating their ability to repay the funds received.
Status: 4/9/18: (H) introduced and referred to Education
SB 76 – Transient Vendors and Taxes. Would require transient vendors to register in connection with this tax assessment and post a $500 bond to secure its compliance with a proposed sales and use tax on residential property. The bill also would authorize the Department of Revenue (Department) to require a bond from nonresident persons or entities, a building contractor, or a supplier delivering building materials that is not authorized to do business in or does not have a place of business in the Commonwealth and is subject to the proposed sales and use tax. The Department would determine the bond amount. The Department could require a bond from person petitioning for reassessment if the assessment is over $500 or the Department determines the collection of the tax is in jeopardy. Persons who have filed a return or made payment to the department more than 30 days late three or more times in a 12-month period could be required to post a bond.
Status: 9/19/17: (S) in Finance
SB 86 – Service Contract Providers. Would require service contract providers to register and insure all service contracts with a reimbursement insurance policy, or the provider could maintain a funded reserve account. For the reserve account, the provider would have to furnish an additional deposit in an amount not less than 5% of the gross consideration received, less claims paid, on the sale of the contract for all contracts issued and in force, but not less than $25,000. Surety bonds would be accepted to meet the deposit requirement.
Status: 1/13/17: (S) introduced and referred to Banking and Insurance
SB 477 – Fantasy Contest Operators. Would require fantasy contest operators to adopt procedures for operating the contest that include segregating the fantasy contest players' funds from its operational funds. The operator would have to maintain a reserve in the form of a bond or other security equal to the deposits in the players' accounts to secure the players' funds.
Status: 3/6/17: (S) filed; introduced and referred to Community, Economic and Recreational Development
Related Bills: HB 392, HB 865, SB 524
SB 524 – Fantasy Contest Operators. Would require fantasy contest operators to adopt procedures for operating the contest that include segregating the fantasy contest players' funds from its operational funds. The operator would have to maintain a reserve in the form of a bond or other security equal to the deposits in the players' accounts to secure the players' funds.
Status: 3/20/17: (S) introduced and referred to Community, Economic and Recreational Development
Related Bills: HB 392, HB 865, SB 477
SB 632 – Grain Dealers. Would require grain dealers to post a surety bond in an amount that would be calculated based on the dealer's outstanding balances owed to depositors or the amount of grain that the dealer is capable of storing at all facilities multiplied by the amount owed to depositors. The bond could not be less than $10,000 for each facility that the dealer uses to hold or store grain, and conditioned to secure the faithful performance of the dealer's obligations to its depositors.
Status: 4/20/17: (S) introduced and referred to Agriculture and Rural Affairs
SB 670 – Charter Schools. Would require a charter school to post a surety bond or other security to secure the costs to educate the students enrolled in the school in the event that the school closes. The bond would have to be in an amount that the local school board determines. The bond term cannot exceed five years.
Status: 5/4/17: (S) introduced and referred to Education
SB 764 – RV Dealers. Would require RV dealers conducting shows, off-premises sales, exhibitions, or rallies to post a $30,000 bond to secure the dealer's compliance with the applicable laws and regulations. If the dealer already has a bond, no additional bond would be required for these events.
Status: 12/13/17: (H) referred to Professional Licensure
SB 927 – Public Officials - Constables. Would increase the maximum amount of the bond required for a constable from $3,000 to $5,000.
Status: 10/17/17: (S) referred to Judiciary
SB 1005 – Public Funds. Would eliminate surety bonds as a method for depositories to secure public funds that a county has deposited; only bonds secured by government obligations or letters of credit would be accepted. Also, the bill would eliminate public health boards for third class counties; the bond requirements would be eliminated as well.
Status: 3/21/18: (S) re-referred to Appropriations
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 7200 – Alcoholic Beverages. Would repeal the license bond requirements for manufacturers, rectifiers and wholesalers of alcoholic beverages. Currently, a bond is required in an amount determined by the Department of Business Regulation, conditioned on compliance with the applicable laws, payment of any damages or costs resulting from a violation, and payment of the license fee. The repeal of these bond requirements is part of a licensing law reform package in the State budget bill.
Status: 1/18/18: (H) introduced and referred to Finance
Note: Crossover deadline is 4/20/18
HB 7973 – Animal Cruelty. Would require a person charged with an animal cruelty charge to post a bond or cash to secure the costs of care for the animal while it is in temporary custody during the proceedings in lieu of the person surrendering the animal.
Status: 4/12/18: (H) Committee recommended measure be held for further study
Related Bill: SB 2778
SB 2778 – Animal Cruelty. Would require a person charged with an animal cruelty charge to post a bond or cash to secure the costs of care for the animal while it is in temporary custody during the proceedings in lieu of the person surrendering the animal.
Status: 4/5/18: (S) introduced and referred to Environment and Agriculture
Related Bill: HB 7973
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 4612 – Contractors. Would permit general contractors and mechanical contractors to post a surety bond in connection with licensure instead of meeting the existing law's financial statement requirements. The bond amount would have to be in an amount equal to 10 times the required net worth of the contractor, and would be for the benefit of any person damaged by the contractor's acts or omissions that constitute a breach of the construction contract, or a contract for furnishing labor, materials, or professional services for construction, or by any lawful act or omission committed by the contractor in performing the work. The surety must have an "A" rating from A.M. Best.
Status: 3/8/18: (H) returned to Senate with amendments; roll call
Related Bill: SB 870
HB 4657 – Insurance Benefit Plan Administrators. Would revise the bond requirement for insurance benefit plan administrators; current law requires administrators to post a $75,000 license bond. The bill provides that the $75,000 amount would apply to new license applicants. Licensees renewing their license would need to post a bond in an amount equal to 10% of the total premiums handled or managed in the state for the previous calendar year; $75,000 minimum, $500,000 maximum. The bill also adds a provision allowing cancellation of the bond with 30 days' written notice.
Status: 2/15/18: (S) received in Senate; referred to Banking and Insurance
HB 4795 – Motor Vehicle Auction. Provides that a motor vehicle dealer who conducts an auction of investment grade or collector motor vehicles for not more than three days in a year would have to post a $1 million surety bond.
Status: 3/28/18: (S) introduced and read first time; referred to Transportation
HB 4964 – Money Transmitters. Would revise the amount of the bond required for money transmitters. Current law requires a $50,000 bond plus $10,000 per location; $250,000 maximum. The bill would require a bond in an amount ranging from $150,000 to $300,000, based on the volume of the licensee's business.
Status: 2/20/18: (H) introduced and referred to Judiciary
SB 870 – Contractors. Would permit general contractors and mechanical contractors to post a surety bond in connection with licensure instead of meeting the existing law's financial statement requirements. The bond amount would have to be in an amount equal to 10 times the required net worth of the contractor, and would be for the benefit of any person damaged by the contractor's acts or omissions that constitute a breach of the construction contract, or a contract for furnishing labor, materials, or professional services for construction, or by any lawful act or omission committed by the contractor in performing the work. The surety must have an "A" rating from A.M. Best.
Status: 1/9/18: (S) introduced; referred to Labor, Commerce and Industry
Related Bill: HB 4612
SB 877 – Appraisal Management Companies. Would revise existing law for appraisal management companies by requiring them to post a $50,000 surety bond, and eliminate the current requirement to provide financial information.
Status: 3/20/18: (H) introduced and read first time; referred to Labor, Commerce and Industry
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1107 – Bid Bonds. Would revise the bid bond requirements for county and township bridge and culvert construction contracts. Current law requires a certified check for 10% of the bid amount. The bill would require either a surety bond for 10% of the bid amount, or a certified check for 5% of the bid amount, and establish a $50,000 threshold for requiring a bid bond or certified check. The bill also would eliminate the bond required for county highway superintendents, which must be in an amount of not less than $2,000 and not more than $5,000.
Status: 3/6/18: signed by the Governor; effective 7/1/18
NEW LAW: HB 1169 – Public Officials. Would eliminate the bonds required under existing law for mayors and commissioners of first and second class municipalities. The bond secures the faithful performance of duties of the official's office, and the proper handling of municipality money and property.
Status: 3/21/18: signed by the Governor; effective 7/1/18
NEW LAW: SB 26 – Grain Buyers. Would revise the bond requirement for grain buyers. The bill would eliminate the top tier for a Class B grain buyer so that the maximum bond amount would be $100,000 instead of $150,000. For a grain buyer with less than three years' experience, the bond amount would be based on the average actual purchases made in all of its previous years as a grain buyer or the buyer's projected purchases, whichever is higher.
Status: 2/12/18: signed by the Governor on 2/8/18; effective 7/1/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 2080 – Animal Massage Therapists. Would require animal massage therapists to be certified and post a $25,000 surety bond, which would be for the benefit of any person damaged due to the negligence of the person who performed the animal massage therapy services. Direct actions against the bond would be permitted, but the surety's aggregate limit would be limited to the penal sum of the bond.
Status: 4/12/18: signed by the Governor; effective immediately
SB 1921 – Receivers. Would adopt the Uniform Commercial Real Estate Receivership Act. Receivers would be required to post a surety bond or other security in an amount the court determines to secure the faithful performance of their duties. Claims on the bond would have to be brought within one year of the date the receiver is discharged.
Status: 4/6/18: (H) transmitted to Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 130 – Cannabidiol Products. Would authorize the sale and use of cannabidiol products, which are medicinal products produced from hemp. The bill would require processors or laboratories to be licensed and post a $100,000 surety bond or cash deposit, conditioned on compliance with the applicable law. The bond would be subject to forfeiture if the license is revoked.
Status: 3/23/18: Governor signed
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
SB 29 – Administrators of Estates. Would revise the bond requirement for the administrator of an estate; the Probate Division of the Court would determine if sureties are required. The bill would specify that the bond would be for the benefit of all interested persons, except where a bond is to be taken to the adverse party, and revise the bond condition to provide that the inventory of the estate would be due in 60 days rather than 30 days. The bill would also eliminate the position of a residuary legatee to serve as an administrator, thus eliminating the bond requirement.
Status: 4/18/18: (S) entered on Notice Calendar; House proposal of amendment
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 63 – Private Security Firms and Training Schools. Would eliminate the option to post a surety bond in connection with licensure for private security firms and private security training schools. Current law requires either a surety bond or liability insurance.
Status: 3/9/18: approved by the Governor; Chapter 214; effective 7/1/18
NEW LAW: HB 674 – Developers - Time Share Projects. Would revise the requirement for developers of time share projects to maintain an escrow account for purchases or reservations. If the project has more than 25 units, the developer could post a surety bond or letter of credit in lieu of maintaining the escrow account. An individual bond or letter of credit would be required if the deposit total is less than $10,000; otherwise, a blanket bond could be furnished in an amount based on the total amount of the deposits, ranging from $75,000 to $1 million. If the amount of the deposits exceeds $1 million, the bond amount would have to be equal to the deposits.
Status: 2/26/18: approved by the Governor; Chapter 33; effective 7/1/18
Related Bill: SB 443
NEW LAW: HB 850 – Temporary Guardians and Conservators. Would direct the court to set the bond requirements for a temporary guardian and any temporary conservator for an adult placed under protective services.
Status: 2/26/18: approved by the Governor; Chapter 19; effective 7/1/18
NEW LAW: SB 443 – Developers - Time Share Projects. Would revise the requirement for developers of time share projects to maintain an escrow account for purchases or reservations. If the project has more than 25 units, the developer could post a surety bond or letter of credit in lieu of maintaining the escrow account. An individual bond or letter of credit would be required if the deposit total is less than $10,000; otherwise, a blanket bond could be furnished in an amount based on the total amount of the deposits, ranging from $75,000 to $1 million. If the amount of the deposits exceeds $1 million, the bond amount would have to be equal to the deposits.
Status: 3/2/18: signed by the Governor; Chapter 133; effective 7/1/18
Related Bill: HB 674
NEW LAW: SB 543 – Temporary Guardians and Conservators. Would direct the court to set the bond requirements for a temporary guardian and any temporary conservator for an adult placed under protective services.
Status: 3/5/18: signed by the Governor; Chapter 188; effective 7/1/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 4207 – Notaries Public. Would repeal the existing bond requirement for notaries.
Status: 3/27/18: approved by the Governor; effective 6/3/18
NEW LAW: SB 415 – Gambling - Wagering on Sports. Would establish requirements for wagering on Professional and collegiate sporting events. The bill would require gaming facilities that operate sports lottery wagering to obtain a separate license for this activity and post a surety bond in an amount determined by the Lottery Commission. The bond would guarantee that the licensee will make all payments required under the law and regulations.
Status: 3/9/18: became law without the Governor's signature; effective from passage (3/3/18)
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Legislative developments significant to the surety bonding industry will be posted as soon as they become available. Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 18 – Nonresident Employers - Wages. Would reduce the threshold at which nonresident employers are required to post a bond from $10,000 per month to $4,000 per month in wages paid in the state. Existing law requires the bond to be for $20,000, plus $2,000 for each $120,000 or fraction thereof, that the expected wages exceed $120,000 annually. The bill would establish tiers for the bond amount based on the amount of wages paid; $8,000 minimum, $100,000 maximum.
Status: 3/12/18: Governor signed; Ch. 39; effective 7/1/18
NEW LAW: HB 34 – Certificates of Title - Mobile Homes. Would eliminate the option for the owner of a mobile home to post a bond to obtain a duplicate certificate of title prior to the end of the waiting period. Under current law, the owner must wait 11 days following the submission of an affidavit for a lost certificate of title for a mobile home. The bond amount must be for at least double the value of the mobile home.
Status: 3/12/18: Governor signed; Ch. 37; effective 7/1/18
NEW LAW: HB 129 – Certificates of Title - Glider Kit Vehicles. Would establish requirements to obtain a certificate of title for a glider kit vehicle; the Department of Transportation or a county clerk could require certain documentation as proof of ownership, such as an affidavit or surety bond required under current law.
Status: 3/16/18: Governor signed; Ch. 129; effective 7/1/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
Feedback
to remove attachment
