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 158 – Inspection Fee Permits. Would repeal the bond requirement for inspection fee permit holders. Current law requires any supplier, permissive supplier, importer, first seller or bonded distributor of gasoline or undyed diesel fuel to post a $5,000 bond.
Status: 5/16/17: signed by the Governor; Act No. 2017-296; effective 5/16/17
NEW LAW: HB 215 – Money Transmitters. Would replace the current law for the sale of checks with provisions for money transmitters. The minimum bond amount for money transmitters would be $100,000, or the average daily outstanding obligations for money received for transmission in the state plus 50% of the average daily outstanding payment instrument and stored value obligations in the state, whichever is greater. The bond amount required would be determined by regulation. The amount could be increased up to $5 million based on the licensee's financial condition. The bill contains provisions for alternate security, direct actions on the bond, and a minimum 5-year tail for claims.
Status: 5/17/17: signed by the Governor; Act No. 2017-389; effective 8/1/17
NEW LAW: HB 333 – Sellers and Fleet Producers of CNG/LNG. Would require public sellers and fleet producers of compressed natural gas and liquefied natural gas to be licensed and post a surety bond in an amount equal to at least $25,000 or twice the average monthly tax liability, whichever is greater. The bond would be conditioned on faithful compliance with the law, including filing returns and paying all required taxes.
Status: 4/27/17: (H) assigned Act No. 2017-229; effective 10/1/2018
NEW LAW: SB 15 – Public Officials - Judges. Would revise current law for judges and the sureties on their official bond, which provides that they are liable to any person injured for the judge's neglect or omission for not taking a bond, or a new or additional bond, if required, or for taking an insufficient surety on the bond from a conservator, executor, or administrator. The bill provides that the judge and his or her surety(ies) would only be liable for the judge's wanton, fraudulent, or intentional misconduct with regard to the requirement of bonds for conservators, executors, administrators, fiduciaries, or someone serving in a similar capacity.
Status: 4/25/17: signed by the Governor; Act No. 2017-174; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 180 – Money Transmitters. Would revise the security requirements for money transmitters to eliminate the other forms of security that may be furnished in lieu of a bond, and amend the bond amount to be at least $25,000 with a cap of $1,000,000. Currency exchanges would be required to be licensed and to post a bond in an amount ranging from $25,000 to $1,000,000. The bond would have a 5-year tail.
Status: 3/14/17: (H) introduced and referred to Labor and Commerce
HB 199 – Fish Habitat Permits. Would require applicants for a minor anadromous fish habitat permit to post a performance bond to secure compliance with the applicable law and permit conditions. The bond amount would have to be sufficient to secure the performance of the required mitigation measures for the habitat. A surety bond or cash and cash equivalents would be accepted to meet the requirements.
Status: 3/27/17: (H) introduced, referred to Special Committee on Fisheries; additionally referred to Resources
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 2404 – Paid Circulators. Would require persons or organizations that use paid circulators for statewide initiative or referendum petitions to post a surety bond in an amount ranging from $10,000 to $50,000 based on the number of estimated paid signatures. The bond would secure against violations of the applicable law.
Status: 3/23/17: Governor signed; effective 90 days after adjournment
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1450 – Notary Bond - Cancellation. Would prohibit an employer from canceling a current or former employee's notary bond, even if the employer paid for the bond on behalf of the employee.
Status: 3/21/17: (H) approved by Governor; Act 537; effective 7/4/17
NEW LAW: HB 1706 – Medicaid Providers. Would require risk-based provider organizations applying for a conditional license as part of a state Medicaid provider program to post a $250,000 surety bond. The bond would become payable if the organization does not seek a full license.
Status: 3/31/17: approved by Governor; Act No. 775; effective 3/31/17
NEW LAW: HB 1799 – Money Transmitters. Would revise the bond requirement for money transmitters to repeal a provision specifying that the bond is for the benefit of any claimant against the licensee to secure the faithful performance of the licensee's obligations.
Status: 3/24/17: (H) notification that it is now Act 620; effective 7/4/17
NEW LAW: HB 1801 – Mortgage Professionals. Would revise the bond requirement for mortgage brokers, mortgage bankers, and mortgage servicers to add a 5-year tail for claims, and would eliminate the specification that the bond runs to the State for the benefit of any claimants against the licensee and loan officers that the licensee employs to secure the faithful performance of their obligations under the law.
Status: 3/28/17: (H) notification that it is now Act 669; effective 7/4/17
NEW LAW: HB 2165 – Combative Sports Matches. Any regulations adopted for surety bond requirements would not apply to events with fewer than 1,500 attendees.
Status: 4/3/17: signed by the Governor; Act No. 860; effective 7/4/17
NEW LAW: SB 341 – Public Official. Eliminates the Arkansas Board of Health Education, which also eliminates the $10,000 bond requirement for the Board Secretary.
Status: 3/20/17: signed by the Governor; Act No. 540; effective 7/4/17
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: 5/24/17: (S) referred to Insurance, Banking & Financial Institutions
AB 638 – Immigration Consultants. Would rewrite the law on immigration consultants and eliminate the provision requiring consultants to post a $100,000 surety bond to secure compliance with the law.
Status: 6/22/17: (S) from committee chair, with author's amendments: amend and re-refer to committee. Read second time, amended, and re-referred to Judiciary
AB 944 – Designated Agents - Spiny Lobster Commission. Would create the California Spiny Lobster Commission, and require the designated agents handling its funds to post a fidelity bond for at least $30,000. An assessment also would be imposed on persons handling spiny lobsters, which would require such persons to post a surety bond if they fail to pay the assessment. The Commission would determine the bond requirements.
Status: 6/20/17: (S) from committee: do pass and re-refer to Judiciary; re-referred to Judiciary
AB 1123 – Virtual Currency Businesses. Would require virtual currency businesses to be licensed and to maintain a bond or trust account in U.S. dollars, in the form and amount that the Commissioner of Business Oversight would determine. Money transmitters that engage in virtual currency business may be required to increase their bond or other security to ensure the protection of consumers for the additional business.
Status: 4/3/17: (A) read second time and amended; re-referred to Banking and Finance
SB 247 – Auctioneers and Auction Companies. Would repeal the bond requirement for auctioneers and auction companies.
Status: 4/24/17: (S) set for hearing. Failed passage in committee; reconsideration granted
SB 297 – Lead Generators (Loans). As amended, would require lead generators, which are businesses that facilitate loans between prospective borrowers and lenders, to register. This would subject them to the existing bond requirement for finance lenders and brokers.
Status: 5/25/17: (S) hearing: held in committee and under submission
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1030 – Public Officials. Would repeal the $3,000 bond requirement for members of the board of directors of an irrigation district.
Status: 3/8/17: signed by the Governor; Chapter 16; effective 8/9/17
NEW LAW: HB 1105 – Vehicle Titling. Would provide for the establishment of a pilot program in which a transportation association or organization could verify commercial vehicle information, including a vehicle identification number, as a "vehicle-related entity." Such entities would have to obtain a permit and post a minimum $10,000 surety bond or other security. The bond would indemnify and hold harmless any person suffering a loss or damage due to the issuance of a certificate of title that included any verification that the permittee performed.
Status: 3/16/17: signed by the Governor; Chapter 44; effective 3/16/17
NEW LAW: SB 26 – Public Officials. Would repeal the $10,000 bond requirement for the state engineer and deputy state engineer, as well as the bond requirement for deputies and appointees, who currently must post a bond of not less than $1,000 or more than $5,000.
Status: 3/16/17: signed by the Governor; Chapter 47; effective 8/9/17
NEW LAW: SB 216 – Receivers. Would revise the bond requirement for a receiver appointed for a collection agency to provide that consumers with claims against the collection agency could make direct actions on the receiver's bond.
Status: 6/1/17: signed by the Governor; effective immediately
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 6266 – Boxing and MMA Promoters. Would exempt professional boxing and MMA matches from the admissions tax, and eliminate the payment of gross receipts tax by promoters of these matches. Current law requires promoters to post a bond to secure payment of taxes.
Status: 6/21/17: Public Act 17-116; transmitted by Secretary of State to the Governor
HB 7263 – Nonparticipating Tobacco Manufacturers. Would revise the bond requirement for nonparticipating tobacco manufacturers to permit other forms of security to be posted in lieu of the bond. It also specifies that the bond amount would be based on the greatest amount of escrow owed for a calendar year in the five years prior to posting the bond.
Status: 6/21/17: Public Act 17-105; transmitted by Secretary of State to the Governor
SB 826 – Homemaker Companions. Would require homemaker companion agencies to maintain a surety bond of not less than $10,000, which coverage shall include theft by an employee of the agency from agency clients.
Status: 6/15/17: Public Act 17-77; transmitted by Secretary of the State to the Governor
SB 922 – Temporary Health Care Structure Installers. Provides that a municipality could require a person installing a temporary health care structure to post a bond for not more than $50,000 to secure compliance with the law.
Status: 6/22/17: Public Act 17-155; transmitted by Secretary of State to the Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 93 – Security Alarm Businesses. Would revise the license bond requirement for security alarm businesses, which currently must post a $10,000 surety bond. The bill would require either a bond or cash deposit in an amount that the Professional Licensing Section of the Delaware State Police Division would determine.
Status: 5/10/17: (S) passed Senate; sent to the Governor; takes effect upon being signed into law
SB 66 – Viatical Settlement Providers and Brokers. Would revise the existing law for viatical settlement providers and brokers to require them to post a surety bond or other security equal to $250,000. The bond would secure against the provider's or broker's erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices. The insurance commissioner could accept evidence of financial responsibility filed in another state in lieu of posting a bond or security in Delaware.
Status: 6/21/17: (H) reported out of committee (Economic Development/Banking/ Insurance/Commerce) in House with 10 On Its Merits
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.
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 277 – Custodians of Electronic Wills. Would establish requirements for electronic wills; qualified custodians of electronic versions of wills would have to obtain a surety bond or liability insurance policy in the amount of $250,000 to secure faithful performance of duties. The bond would be for the benefit of all persons who store electronic records with a qualified custodian and their estates, beneficiaries and successors.
Status: 6/14/17: signed by Officers and presented to the Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 49 – Livestock Dealers and Auction Operators. Would revise the bonding requirements for livestock dealers and auction operators to permit a letter of credit, certificate of deposit, or "other written instrument" to be furnished in lieu of the bond. The bill also would delete the amounts specified for the bond required for a livestock auction operator and for dealers purchasing livestock at auction. Instead, the amount of the bond or other security would be determined through a memorandum of agreement with the Department of Agriculture that would have to be sufficient to secure the performance of the dealer or the operator's obligations.
Status: 5/1/17: signed by the Governor; Act 42; effective 7/1/17
HB 118 – Fantasy Contest Operators. Would authorize the State Revenue Commissioner to require fantasy contest operators to post a bond to secure the payment of any taxes, fees and penalties imposed.
Status: 3/28/17: (S) third read; tabled
NEW LAW: HB 143 – Mortgage Professionals. Would permit the bonds required under existing law for mortgage lenders, mortgage brokers and mortgage loan originators to be cancelled electronically through NMLSR.
Status: 5/1/17: signed by the Governor; Act 57; effective 6/1/17
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: 3/28/17: (S) third read; tabled
NEW LAW: HB 156 – Fantasy Contest Operators. Would require fantasy contest operators to adopt policies and procedures for operating the contest that includes 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. The also provides that a bond may be required to secure any taxes, penalties, and interest assessed against the operator.
Status: 5/8/17: signed by the Governor; Act 206
SB 295 – Retail Marijuana Establishments. Would require retail marijuana establishments to be licensed and to post a $5,000 surety bond to secure the payment and reporting of all state sales and use taxes.
Status: 3/22/17: (S) to Health and Human Services
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 50 – Appraisal Management Companies. Would require real estate appraisal management companies to register, and would authorize the director of Commerce and Consumer Affairs to require a surety bond in an amount of not more than $25,000.
Status: 5/3/17: (H) transmitted to the Governor
HB 494 – Private Trade, Vocational, and Technical Schools. Would revise the license requirements for private trade, vocational, and technical schools to require a $50,000 surety bond that indemnifies students that suffer a financial loss resulting from the school not fulfilling its obligations. The Department of Education could reduce the bond amount at its discretion.
Status: 1/23/17: (H) to Education; subsequent referral set for: Finance
Related Bills: HB 1265 and SB 1286
HB 766 – Casino Gaming Ships. Would require persons operating and maintaining a casino gaming ship to be licensed and post a $200,000 surety bond, conditioned that the licensee shall faithfully make the payments, keep books and records, make reports, and conduct games of chance in compliance with the applicable laws and regulations.
Status: 1/25/17: (H) to Judiciary; subsequent referral set for: Finance
HB 964 – General and Specialty Construction Contractors. Would revise the existing law's license bond requirements for general and specialty contractors to provide that they must post a surety bond in connection with licensure. Current law provides that the Contractors License Board may require contractors to post a $5,000 bond. The bill also would grant subs a right of action on the bond in connection with payment for goods and services. The contractor and the surety would be prohibited from having any common leadership.
Status: 1/27/17: (H) referred to IAC, CPC
NEW LAW: HB 1079 – Postsecondary Degree-Granting Educational Institutions. Would establish requirements for postsecondary degree-granting educational institutions that have applied for accreditation. The institution would have to post a $50,000 surety bond conditioned on the institution satisfying all claims from all of its students or enrollees, or their parents or legal guardians, who have suffered a loss of tuition or fees as a result of the institution violating the law.
Status: 4/26/17: signed by the Governor; Act 004 (Gov. Msg. No. 1104); effective 7/1/17
Related Bill: SB 945
HB 1265 – Private Trade, Vocational, and Technical Schools. Would revise the license requirements for private trade, vocational, and technical schools to require a $50,000 surety bond that indemnifies students that suffer a financial loss resulting from the school not fulfilling its obligations. The Department of Education could reduce the bond amount at its discretion.
Status: 2/10/17: (H) passed second reading as amended and referred to CPC
Related Bills: HB 494 and SB 1286
HB 1421 – Roofing Contractors. As amended, would establish requirements for roofing contractors to be licensed and obtain a surety and performance bond. As yet, no bond amount has been specified.
Status: 3/9/17: (S) passed first reading; referred to CPH/JDL, WAM
SB 1279 – Scholarship Program for Students with Disabilities. Would establish a scholarship program for students with disabilities. Scholarship funding organizations would have to post a surety bond or letter of credit in an amount equal to 25% of the scholarship funds anticipated for each school year, or $100,000, whichever is greater. At renewal, the bond amount would have to be adjusted to equal the amount of undistributed donations the organization holds based on its annual report. The bond could not be less than $100,000 or more than $25 million for renewal. Hawaii's nonprofit universities that the Western Association of Schools and Colleges has accredited would be exempt from the bond requirement, as well as organizations whose cost of acquiring a bond exceeds the average 10-year cost of acquiring it by 200%. The bond would have to specify that claims could by made only by an eligible organization on behalf of students so it can provide scholarships to those students who would have had their scholarships funded were it not for the diversion of funds that gave rise to the claim.
Status: 1/27/17: (S) referred to EDU, WAM
SB 1286 – Private Trade, Vocational, and Technical Schools. Would revise the license requirements for private trade, vocational, and technical schools to require a $50,000 surety bond that indemnifies students that suffer a financial loss resulting from the school not fulfilling its obligations. The Department of Education could reduce the bond amount at its discretion.
Status: 5/4/17: (S) enrolled to Governor
Related Bills: HB 494 and HB 1265
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 139 – Barber and Cosmetology Schools. Would consolidate the laws for barber schools and cosmetology schools. Currently, barber schools must file a $20,000 bond and cosmetology schools must file a $25,000 bond. The bill sets the bond amount at $20,000.
Status: 4/6/17: returned from Governor, Vetoed
NEW LAW: HB 209 – Notaries Public. Would revise current notary law to permit a "functional equivalent" of a bond to be furnished in lieu of the $10,000 surety bond.
Status: 3/23/17: signed by the Governor; Chapter No. 192; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 527 – Mortgage Licensing. Would require that entities that only perform independent loan processing or underwriting to register as an exempt entity under the State's mortgage licensing law, and comply with the applicable federal and state mortgage licensing laws, which would include obtaining "fidelity commercial crime insurance" equal to $50,000.
Status: 3/31/17: (H) Rule 19(a); rereferred to Rules
HB 690 – Day and Temporary Labor Service Agencies. Would require day and temporary labor service agencies to post a minimum $150,000 surety bond, which would be for the benefit of any employee who is damaged by the employer's failure to pay wages, interest on wages, or fringe benefits, or damaged by a violation of the applicable law. The bond requirement would not apply to agencies that have a collective bargaining agreement in place that meets the specified requirements.
Status: 5/31/17: (H) Senate Floor Amendment No. 1 Motion to Concur recommends be adopted - Labor & Commerce Committee
HB 712 – 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: 3/31/17: (H) Rule 19(a); rereferred to Rules
HB 2526 – Uniform Trust Code. Would repeal the existing trust law and replace it with the Uniform Trust Code; a trustee would be required to post a bond only if it is required by the terms of the trust and the court has not dispensed with the requirement. The liability of the trustee or a surety for acts or omissions of the trustee would not be discharged or affected by the trustee's resignation. Current law does not specify a bond requirement for trustees.
Status: 3/31/17: (H) Rule 19(a); rereferred to Rules
HB 3486 – 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: 4/28/17: (H) Rule 19(a); rereferred to Rules
HB 3853 – Third-Party Wine Shippers. Would require employees of a third-party provider shipping wine on behalf of a wine shipper's license holder to post a $1,000 surety bond, conditioned that he or she will not unlawfully transport or deliver any alcoholic liquors within or into the state.
Status: 4/28/17: (H) Rule 19(a); rereferred to Rules
SB 7 – 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: 5/31/17: (H) Rule 19(a) re-referred to Rules Committee
SB 834 – 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: 3/17/17: (S) Rule 3-9(a) / rereferred to Assignments
Related Bill: HB 712
SB 1556 – Vehicle Dealers and Remittance Agents. Would increase the amount of the license bond required for new and used motor vehicle dealers from $20,000 per location to $50,000 per location. It also would increase the minimum bond amount required for remittance agents from $10,000 to $20,000. Current law requires a bond of $10,000 or an amount based on the agent's remittances during the fiscal year, whichever is greater.
Status: 5/31/17: (S) passed both Houses
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1117 – Land Developers - Subdivisions. Would permit a local governmental unit and a land developer to agree to partially release a performance bond or other security that the land developer provides to secure the completion of unfinished improvements and installations in a subdivision "on a more frequent basis" than annually.
Status: 4/24/17: signed by the Governor; effective upon passage
NEW LAW: HB 1415 – License Agents. Would repeal the bond requirement for agents selling hunting and fishing licenses. Current law requires an agent to file a minimum $5,000 bond; the amount must be sufficient to cover the value of all licenses distributed to the agent by the Department of Natural Resources.
Status: 4/26/17: signed by the Governor; effective 7/1/17
NEW LAW: SB 539 – Notaries Public. Would rewrite the notary public law, which currently calls for a $5,000 bond. The bill would require notaries to post a $25,000 surety bond or its "functional equivalent." The process for accepting and approving the bond or other security would be determined through regulations.
Status: 4/21/17: signed by the Governor; P.L. 128; effective 7/1/18
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HF 9 – School Choice Programs. Would establish a state education voucher fund in connection with a school choice program. The director of the Department of Management would be authorized to obtain insurance against any loss in connection with the assets of the fund, or require a surety bond.
Status: 1/17/17: (H) introduced; to Education
NEW LAW: HF 607 – Beer Permits. Would increase the bond amount required for a class A or a special class A beer permit from $5,000 to $10,000.
Status: 5/9/17: signed by the Governor; effective 7/1/17
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: 4/4/17: (H) Subcommittee recommends amendment and passage
SF 29 – Education Savings Grant Programs. Would establish an education savings grant program to provide assistance to students attending non-public 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: 1/12/17: (S) in Education; to subcommittee
NEW LAW: SF 411 – Out-of-State Contractors. Would strike the language providing that the $25,000 surety bonds filed with the Division of Labor Services are filed for a one-year period.
Status: 4/21/17: signed by the Governor; effective immediately
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 22 – Third Party Administrators. Would require third party administrators for a life, annuity or health insurance plan to be licensed and provide audited financial statements. If the administrator applies for a hardship exception, it could submit unaudited financial statements along with a surety bond in an amount equal to 10% of the funds handled for the benefit of Kansas residents or $20,000, whichever is greater. All third party administrators for a self-insured plan for a life, annuity or health insurance plan for a government entity or a church would have to post a surety bond in an amount equal to $100,000 or 10% of the aggregate total amount of self-funded coverage under church plans or governmental plans handled in the state and all additional states in which the administrator is authorized to do business, whichever is greater.
Status: 3/1/17: Approved by the Governor; effective 3/9/17
SB 87 – Credit Services Organizations. Would revise the bond requirement to add a two-year tail for claims to the bond.
Status: 3/8/17: (H) hearing held in Financial Institutions and Pensions
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 183 – Alcoholic Beverage Control Administrators. Would repeal the $1,000 bond required for county alcoholic beverage control administrators.
Status: 3/21/17: signed by the Governor; Act No.62; effective 6/28/17
NEW LAW: HB 238 – Proprietary Schools. Would allow the Commission on Proprietary Education to condition proprietary school agent surety bonds to recover administrative costs, acquire and maintain student records, and indemnify students and their parents or guardians; permit indemnification when a student is unable to complete courses because the school ceased operations; and authorize the Commission to condition proprietary school surety bonds to recover administrative costs and acquire and maintain student records.
Status: 3/27/17: signed by the Governor; Act No. 141; effective immediately
NEW LAW: HB 319 – Local Option Elections. Would require persons petitioning for a local option election that will be held on a day other than a regular or primary election day to post a bond to secure the costs of the local option election.
Status: 4/11/17: Signed by the Governor; effective immediately
NEW LAW: HB 366 – Promoters. Increases the license bond for promoters of boxing, kickboxing, MMA, or wrestling shows or exhibitions from $5,000 to $10,000; authorizes muay thai shows and exhibitions, and promoters for these events will be subject to the license bond requirement.
Status: 3/21/17: signed by the Governor; Act No. 70; effective 6/28/17
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.
LD 1349 (HP 939) – Appraisal Management Companies. Would require real estate appraisal management companies to be licensed and to post a surety bond in an amount not to exceed $15,000. The Board of Real Estate Appraisers would determine the bond amount.
Status: 6/15/17: (S) passed to be enacted, in concurrence
LD 1577 (HP 1084) – Motor Vehicle Dealers. Would increase the bond amounts required for a vehicle dealer from $5,000 - $25,000 to $25,000 - $100,000, based on the number of vehicles sold.
Status: 6/6/17: (S) passed to be enacted in concurrence. Eligible for the Governor's desk.
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 924 – Collection Agencies, Lenders, etc. Would revise the license bond requirement for collection agencies, consumer lenders, mortgage lenders, trust companies, debt management services providers, and debt settlement services providers to clarify that the bonds are conditioned on compliance with the applicable laws.
Status: 5/4/17: Approved by the Governor; Chapter 479; effective 6/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
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: 1/23/17: referred to Joint Committee on Elder Affairs. 3/22/17: filed as House Docket 3573
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: 6/12/17: (J) hearing scheduled for 6/20
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: 5/8/17: in Joint Committee on Judiciary: Heard; eligible for Executive Session
HB 3159 – 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: 5/30/17: in Joint Committee on Labor and Workforce Development: heard; eligible for executive session
Related Bill: SB 1041
SB 1041 – 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: 5/30/17: in Joint Committee on Labor and Workforce Development: heard; eligible for executive session
Related Bill: HB 3159
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
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: 4/19/17: (H) in Judiciary Committee; bill electronically reproduced
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
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HF 239 – Employers - Payment of Wages. Would establish additional enforcement provisions for the payment of wages. The bill provides that an employer failing to pay wages due to its employees to post a bond in an amount that the Commissioner of Labor and Industry would determine. The bond would be forfeited if the employer fails to comply with the applicable laws over a 6-month period.
Status: 3/1/17: (H) in Job Growth and Energy Affordability Policy and Finance; author added
HF 887 – Personal Care Assistants and Well Contractors. Would revise the fidelity bond requirement for personal care assistance provider agencies to specify that the bond must provide coverage equal to $20,000 for each business location providing service. The bill also would eliminate an exemption from the license bond requirement for a person applying for an individual well contractor's license. Current law requires well contractors to post a $25,000 surety bond.
Status: 5/21/17: (H) in Health and Human Services Finance; author added - Bernardy
Related Bill: SF 781
HF 893 – Cigarette/Tobacco Tax Bond. Would establish procedures for revoking a cigarette and tobacco retail license for having contraband cigarettes or tobacco products, and for obtaining a new license following the revocation of the original license. To obtain a new license, an applicant would have to furnish a surety bond or other security in an amount equal to 10 times the amount of tax on the contraband cigarettes or tobacco products.
Status: 3/2/17: (H) in Taxes; author added
Related Bill: SF 726
HF 1222 – Postsecondary Educational Institutions. Would expand the bond requirement for postsecondary education institutions that is required when the institution fails to meet minimum financial standards to apply it to new schools with conditional approval to grant degrees. The bond amount would be equal to 10% of the tuition and fees collected in the prior fiscal year; $10,000 minimum. The bond proceeds would be used first to secure the destruction of any personal information left on the campus; the rest could be used to repay tuition and fees to students and lenders.
Status: 2/15/17: (H) introduced and first reading, referred to Higher Education and Career Readiness Policy and Finance
Related Bill: SF 1481
HF 1245 – 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: 5/4/17: (H) House Rule 1.21, placed on Calendar for the Day, 5/4/17
Related Bill: SF 1291
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: 2/23/17: (H) introduced and first reading, referred to Civil Law and Data Practices Policy
Related Bill: SF 893
HF 1681 – Charter School Closure. Provides that a trustee appointed to handle the closure of a charter school could be required to post a bond in an amount based on the school's current financial condition.
Status: 2/27/17: (H) in Education Innovation Policy; author added
Related Bill: SF 1660
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: 5/19/17: (H) Senate conferees appointed
HF 1907 – Cosmetology Schools. Would revise the bond requirement for cosmetology schools, providing that the bond amount shall be equal to a minimum of 10% of the preceding year's gross income from student tuition, fees and other required charges; however, the bond amount could not be less than $10,000. For new schools, the bond amount would be based on the anticipated amount of student tuition, fees and other charges for the third year of operation. The bill also eliminates the provision that limits the surety's aggregate liability to not more than $10,000.
Status: 3/13/17: (H) Committee report, to adopt as amended and re-refer to State Government Finance
Related Bills: SF 1, SF 605, SF 1641
HF 2188 – Motor Vehicle Dealers. Would permit motor vehicle and trailer dealers to obtain an exemption from the bond requirement by submitting financial statements demonstrating financial responsibility. The commissioner of Public Safety would make the determination whether to grant an exemption.
Status: 3/7/17: (H) introduction and first reading, referred to Transportation and Regional Governance Policy
Related Bill: SF 1637
HF 2477 – Postsecondary Educational Institutions. Would expand the bond requirement for postsecondary educational institutions that is required when the institution fails to meet minimum financial standards to apply it to new schools with conditional approval to grant degrees. Under current law, a bond in an amount ranging from $10,000 to $250,000 is required. The bill would permit an irrevocable letter of credit to be furnished in lieu of the bond. The bill also would require the bond to be used first to secure destroying the personal information left on campus in the state. After that, the bond could be used to repay tuition and fees to students and lenders. The bill removes a provision requiring the bond to secure the school's contracts with its students. Finally, the bill would eliminate the $250,000 cap on the bond required for private career schools.
Status: 3/28/17: (H) Committee report, to adopt as amended and re-refer to Ways and Means
Related Bills: SF 943, SF 2214
HF 2717 – Grain Buyers. Would revise the bond requirement for grain buyers by increasing the bond amount. Currently, a bond is required in an amount ranging from $10,000 to $150,000 based on the dollar volume of the grain buyer's purchases. The bill would increase the bond amount required for grain buyers with gross annual purchases that are more than $3 million, but not more than $6 million from $50,000 to $300,000. For grain buyers with gross annual purchases more than $6 million, but not more than $12 million, the bill would increase the bond amount required from $70,000 to $400,000. For grain buyers with gross annual purchases that are more than $12 million, but not more than $24 million, the bill would increase the bond amount from $125,000 to $500,000. The bill would increase the bond amount from $150,000 to $600,000 for grain buyers with gross annual purchases exceeding $24 million.
Status: 5/21/17: (H) introduced and referred to Agriculture Policy
NEW LAW: SF 1 – Cosmetology Schools. Would revise the bond requirement for cosmetology schools, providing that the bond amount shall be equal to a minimum of 10% of the preceding year's gross income from student tuition, fees and other required charges; however, the bond amount could not be less than $10,000. For new schools, the bond amount would be based on the anticipated amount of student tuition, fees and other charges for the third year of operation. The bill also eliminates the provision that limits the surety's aggregate liability to not more than $10,000.
Status: 5/30/17: filed with the Secretary of State; 2017 First Special Session; Chapter No. 4; effective 5/31/17
Related Bills: HF 1907, SF 605, SF 1641
NEW LAW: SF 2 – Well Contractors. Eliminates an exemption from the license bond requirement for a person applying for an individual well contractor's license. The law requires well contractors to post a $25,000 surety bond.
Status: 5/30/17: filed with the Secretary of State; 2017 First Special Session; Chapter No. 6; effective 10/1/17
SF 605 – Cosmetology Schools. Would revise the bond requirement for cosmetology schools, providing that the bond amount shall be equal to a minimum of 10% of the preceding year's gross income from student tuition, fees and other required charges; however, the bond amount could not be less than $10,000. For new schools, the bond amount would be based on the anticipated amount of student tuition, fees and other charges for the third year of operation. The bill also eliminates the provision that limits the surety's aggregate liability to not more than $10,000.
Status: 5/15/17: Governor's veto message laid on table
Related Bills: HF 1907, SF 1, SF 1641
SF 726 – Cigarette/Tobacco Tax Bond. Would establish procedures for revoking a cigarette and tobacco retail license for having contraband cigarettes or tobacco products, and for obtaining a new license following the revocation of the original license. To obtain a new license, an applicant would have to furnish a surety bond or other security in an amount equal to 10 times the amount of tax on the contraband cigarettes or tobacco products.
Status: 2/6/17: (S) introduced and first reading, referred to Taxes
Related Bill: HF 893
SF 781 – Personal Care Assistants and Well Contractors. Would revise the fidelity bond requirement for personal care assistance provider agencies to specify that the bond must provide coverage equal to $20,000 for each business location providing service. The bill also would eliminate an exemption from the license bond requirement for a person applying for an individual well contractor's license. Current law requires well contractors to post a $25,000 surety bond.
Status: 2/9/17: (S) introduced and first reading, referred to Health and Human Services Finance and Policy
Related Bill: HF 887
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: 2/13/17: (S) introduced and referred to Judiciary and Public Safety Finance and Policy
Related Bill: HF 1609
NEW LAW: SF 943 – Postsecondary Educational Institutions. Would expand the bond requirement for postsecondary educational institutions that is required when the institution fails to meet minimum financial standards to apply it to new schools with conditional approval to grant degrees. Under current law, a bond in an amount ranging from $10,000 to $250,000 is required. The bill would permit an irrevocable letter of credit to be furnished in lieu of the bond. The bill also would require the bond to be used first to secure destroying the personal information left on campus in the state. After that, the bond could be used to repay tuition and fees to students and lenders. The bill removes a provision requiring the bond to secure the school's contracts with its students. Finally, the bill would eliminate the $250,000 cap on the bond required for private career schools.
Status: 5/30/17: Signed by the Governor; filed with the Secretary of State; Chapter No. 89
Related Bills: HF 2477, SF 2214
NEW LAW: SF 1124 – Leasing of State Forest Lands. The Commissioner of the Department of Natural Resources would be authorized to require persons leasing state forest land to post a performance bond to secure the removal of any personal property on the leased land upon the cancellation or termination of the lease.
Status: 5/12/17: Approved by Governor; Ch.54; effective 5/13/17
SF 1481 – Postsecondary Educational Institutions. Would expand the bond requirement for postsecondary education institutions that is required when the institution fails to meet minimum financial standards to apply it to new schools with conditional approval to grant degrees. The bond amount would be equal to 10% of the tuition and fees collected in the prior fiscal year; $10,000 minimum. The bond proceeds would be used first to secure the destruction of any personal information left on the campus; the rest could be used to repay tuition and fees to students and lenders.
Status: 2/27/17: (S) introduced and first reading, referred to Higher Education Finance and Policy
Related Bill: HF 1222
SF 1537 – Cigarette/Tobacco Tax Bond. Would establish procedures for revoking a cigarette and tobacco retail license for having contraband cigarettes or tobacco products, and for obtaining a new license following the revocation of the original license. To obtain a new license, an applicant would have to furnish a surety bond or other security in an amount equal to 10 times the amount of tax on the contraband cigarettes or tobacco products.
Status: 2/27/17: (S) introduction and first reading, referred to Taxes
Related Bills: HF 893, SF 726, SF 1653
SF 1637 – Motor Vehicle Dealers. Would permit motor vehicle and trailer dealers to obtain an exemption from the bond requirement by submitting financial statements demonstrating financial responsibility. The commissioner of Public Safety would make the determination whether to grant an exemption.
Status: 3/1/17: (S) introduction and first reading, referred to Commerce and Consumer Protection Finance & Policy
Related Bill: HF 2188
SF 1641 – Cosmetology Schools. Would revise the bond requirement for cosmetology schools, providing that the bond amount shall be equal to a minimum of 10% of the preceding year's gross income from student tuition, fees and other required charges; however, the bond amount could not be less than $10,000. For new schools, the bond amount would be based on the anticipated amount of student tuition, fees and other charges for the third year of operation. The bill also eliminates the provision that limits the surety's aggregate liability to not more than $10,000.
Status: 3/1/17: (S) introduction and first reading, referred to State Government Finance and Policy and Elections
Related Bills: HF 1907, SF 1, SF 605
SF 1653 – Cigarette/Tobacco Tax Bond. Would establish procedures for revoking a cigarette and tobacco retail license for having contraband cigarettes or tobacco products, and for obtaining a new license following the revocation of the original license. To obtain a new license, an applicant would have to furnish a surety bond or other security in an amount equal to 10 times the amount of tax on the contraband cigarettes or tobacco products.
Status: 3/1/17: (S) introduction and first reading, referred to Judiciary and Public Safety Finance and Policy
Related Bills: HF 893, SF 726, SF 1537
SF 1660 – Charter School Closure. Provides that a trustee appointed to handle the closure of a charter school could be required to post a bond in an amount based on the school's current financial condition.
Status: 3/2/17: (S) introduction and first reading, referred to E-12 Policy
Related Bill: HF 1681
SF 1711 – Wholesale Drug Distributors. Would require wholesale drug distributors to post a bond in connection with licensure if the distributor is not government-owned and operated. The bond would have to be for $100,000, unless the distributor's annual gross receipts for the previous tax year are $10 million or less, in which case a $25,000 bond would be required. If the distributor has posted a bond in another state, it would be exempt from posting a bond in Minnesota.
Status: 3/2/17: (S) introduction and first reading, referred to Health and Human Services Finance and Policy
SF 2214 – Postsecondary Educational Institutions. Would expand the bond requirement for postsecondary educational institutions that is required when the institution fails to meet minimum financial standards to apply it to new schools with conditional approval to grant degrees. Under current law, a bond in an amount ranging from $10,000 to $250,000 is required. The bill would permit an irrevocable letter of credit to be furnished in lieu of the bond. The bill also would require the bond to be used first to secure destroying the personal information left on campus in the state. After that, the bond could be used to repay tuition and fees to students and lenders. The bill removes a provision requiring the bond to secure the school's contracts with its students. Finally, the bill would eliminate the $250,000 cap on the bond required for private career schools.
Status: 5/16/17: Governor's veto message laid on table
Related Bills: HF 2477, SF 943
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1322 – Small Craft Breweries. Would require a manufacturer operating a small craft brewery and distributing light wine and beer for sale to post an additional bond in an amount not to exceed the estimated excise tax to be owed for any 60-day period.
Status: 3/15/17: approved by the Governor; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
SB 111 – Public Officials. Would require candidates for county public administrator to provide an affidavit from a surety company indicating that the candidate meets the bond requirements for the office.
Status: 5/22/17: delivered to the Governor
Related Bill: SB 112
SB 112 – Public Officials. Would require candidates for county public administrator to provide an affidavit from a surety company indicating that the candidate meets the bond requirements for the office.
Status: 5/22/17: delivered to the Governor
Related Bill: SB 111
SB 240 – Electrical Contractor Firms. Would require electrical contractor firms to comply with the bond requirements in each political subdivision in which he or she will perform work in connection with obtaining a statewide electrical contractor's license.
Status: 5/22/17: delivered to the Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 205 – Liquefied Natural Gas Dealers. Would require liquefied natural gas dealers to be licensed and subject them to the existing law's bond requirement for other fuel dealers, which requires a bond in an amount equal to twice the dealer's estimated quarterly tax payments ($1,000 minimum).
Status: 5/12/17: Veto Override Vote Mail Poll in progress
NEW LAW: SB 68 – Wholesale Drug Distributors. Would require wholesale drug distributors to post a surety bond in compliance with requirements that would set out in the regulations.
Status: 2/17/17: signed by the Governor; Chapter 33; effective 10/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: LB 186 – Money Transmitters. Would revise the bond requirements for money transmitters: $100,000 for an initial license; at renewal, the bond amount would be based on the dollar volume of transmission transactions in the previous four calendar quarters, ranging from $100,000 to $250,000.
Status: 3/29/17: Approved by Governor; effective 3 months after adjournment
NEW LAW: LB 512 – Postsecondary Institutions. Establishes the Guaranty Recovery Cash Fund (Fund) for for-profit postsecondary institutions. Such institutions would be charged an assessment for the Fund. Until the Fund reaches its minimum funding level, the new law provides that the Commission may require the institution to provide a surety bond or other security in an amount that the Commission will determine. The bond will indemnify any student or enrollee or his or her parent or guardian determined to have suffered loss or damage by the termination of operations by the for-profit postsecondary institution.
Status: 5/22/17: Approved by Governor
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: AB 22 – Public Officials. Would eliminate any provisions remaining in the law pertaining to the Department of Veterans Services providing any guardian services for veterans, which includes repealing a $500,000 bond conditioned on the faithful performance of duties of the director in connection with acting as a guardian for a veteran's estate. The Department no longer performs these services.
Status: 5/23/17: Approved by the Governor; Chapter 89; effective 7/1/17
NEW LAW: AB 61 – Foreign Trust Companies. Would authorize the Commissioner of Financial Institutions to require a foreign independent trust company authorized to do trust business in the state to post a surety bond in an amount not less than $100,000, plus any additional amount that the Commissioner determines to be appropriate for the size, complexity and inherent risk of the company. The bond would secure the faithful performance of the company's obligations for the services provided to Nevada residents.
Status: 5/25/17: Approved by the Governor; Chapter 125; effective 5/25/17
NEW LAW: AB 62 – Nonparticipating Tobacco Manufacturers. Would eliminate the special conditions under which nonparticipating tobacco manufacturers would have to post a bond to secure the escrow payments so that all such manufacturers would need to post a bond. The bill also would increase the minimum bond amount from $25,000 to $50,000.
Status: 5/27/17: Approved by the Governor; Chapter 183; effective 7/1/17
NEW LAW: AB 235 – Receivers. Adopts the Uniform Commercial Real Estate Receivership Act. Receivers will 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 must be brought within six months of the date the receiver is discharged.
Status: 5/31/17: Approved by the Governor; Chapter 232; effective 10/1/17
NEW LAW: AB 262 – Motor Vehicle Dealers. Would revise existing bond requirements for brokers, dealers, special dealers, rebuilders, distributors and manufacturers of vehicles and dealers, lessors and manufacturers of off-highway vehicles to provide that the bond is conditioned on compliance with the laws concerning fraud committed against consumers, retail installment sales of goods and services, the Uniform Commercial Code, and deceptive trade practices. Under current law, the bond is conditioned on compliance with the applicable licensing law for these dealers.
Status: 5/26/17: Approved by the Governor; Chapter 169; effective 10/1/17
NEW LAW: AB 314 – Special Administrators. Clarifies that the court may require the special administrator for a decedent's estate to place a deposit in a blocked account instead of posting a bond. The court has authority under current law to waive the bond requirement.
Status: 6/2/17: Approved by the Governor; Chapter 311; effective 10/1/17
NEW LAW: AB 379 – Public Officials. Authorizes a county, city or town to create a parks, trails and open space district. The members of the district's board of trustees must post a maximum $10,000 surety bond and the district's treasurer must post a maximum $50,000 surety bond. The bonds secure the faithful performance of their duties.
Status: 6/5/17: Approved by the Governor; Chapter 403; effective 7/1/17
NEW LAW: AB 468 – Mortgage Professionals. As amended, would delete the bond form for mortgage brokers outlined in current law and instead would require the Commissioner of Mortgage Lending to prescribe the bond form. The bill also would redesignate mortgage brokers as mortgage companies and mortgage agents as mortgage loan originators.
Status: 6/8/17: Approved by the Governor; Chapter 486; effective immediately
NEW LAW: SB 81 – Depository Institutions. Revises current law for all savings and loan associations or other depository institutions chartered under existing law to convert them into savings banks. The new law eliminates the cap on the bond amount for savings and loan associations, which could not have exceeded 5% of the association's total assets or $3 million under prior law. The bond amount required will be at the discretion of the State's Commissioner of Financial Institutions and the Federal Deposit Insurance Corporation. The new law repeals a requirement that the bond must cover all directors, officers, employees, agents, data processing service firms and all other operating hazards that are normally covered under the bond.
Status: 6/3/17: Approved by the Governor; Chapter 327; effective immediately
NEW LAW: SB 428 – Specialized License Plates. Would require the Tule Springs Fossil Beds National Monument Advisory Council to post a $5,000 surety bond in connection with obtaining approval from the DMV for the design of a specialized license plate.
Status: 6/9/17: Approved by the Governor; Chapter 526; effective 2 years from the date the park is established
NEW LAW: SB 452 – Certificates of Title. Would require a person who is unable to provide the required information for proof of ownership of a vehicle to the DMV to obtain a new, duplicate or substitute certificate of title or a salvage title to post a bond equal to 1.5 times the value of the vehicle.
Status: 6/5/17: Approved by the Governor; Chapter 414; effective 1/1/18
NEW LAW: SB 471 – Local Improvement Districts. Rewrites the law for forming local improvement districts so that it only applies to the Douglas County Sewer Improvement District. The new law eliminates an existing provision that requires for compliance with the Little Miller Act for an improvement district's projects. The new law only includes a general authorization for the Douglas County Sewer Improvement District to enter into construction projects. The new law also includes a requirement for the members of the Board of Trustees to post a surety bond for not more than $5,000.
Status: 6/3/17: Approved by the Governor; Chapter 335; effective 10/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 579 – Registration Agents. Would require nongovernmental registering trailer agents to post a surety bond with the Department of Safety.
Status: 3/16/17: (H) retained in Committee
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
AB 1425 – 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: 3/6/17: (A) referred to Appropriations
NEW LAW: AB 1973 – Appraisal Management Companies. Would require real estate appraisal management companies to be registered and post a $25,000 surety bond.
Status: 5/11/17: signed by the Governor; Chapter No. 2017-72; effective immediately
AB 4315 – Temporary Help Service Firms. Would increase the bond amount from $1,000 to $10,000, and eliminate an exemption for firms with less than $100,000 in net worth from providing a bond.
Status: 12/12/16: (A) reported and referred to Appropriations
Related Bill: SB 2909
SB 2533 – Home Improvement Contractors. Would require home improvement contractors to post a $50,000 surety bond or other security in connection with registration. The bond or security would be for the use and benefit of any consumer who entered into a home improvement contract and incurred damages or suffered any loss due to the contractor's violation of the law. The bill would permit direct actions on the bond.
Status: 9/15/16: (S) introduced and referred to Commerce
Related Bill: AB 1506
SB 2909 – Temporary Help Service Firms. Would increase the bond amount from $1,000 to $10,000, and eliminate an exemption for firms with less than $100,000 in net worth from providing a bond.
Status: 6/1/17: (S) reported from Labor Committee; referred to Budget and Appropriations
Related Bill: AB 4315
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: 5/25/17: (S) introduced and referred to Community and Urban Affairs
Related Bill: AB 1425
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 88 – Public Insurance Adjusters. Would revise existing law to require public adjusters to post a $50,000 surety bond. Current law requires independent insurance adjusters to post a $10,000 bond.
Status: 4/6/17: signed by the Governor; Chapter 76; effective
SB 217 – Medicaid Providers. Would allow a payment for a Medicaid provider or subcontractor for services already rendered that has been suspended based on charges of fraud to be released if the provider or subcontractor posts a surety bond in an amount equal to the suspended payment.
Status: 4/7/17: Pocket Veto
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: 1/4/17: (A) introduced and referred to Energy
AB 282 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for AMVETS 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: 6/12/17: (A) reported referred to Rules
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: 1/9/17: (S) introduced and 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: 1/9/17: (A) introduced and 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: 2/10/17: (A) amend and recommit to Transportation; print number 828a
Related Bill: SB 2221
AB 1112 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Iraq War and War in Afghanistan 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: 6/12/17: (S) delivered to Senate; referred to Rules
Related Bill: SB 2139
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: 1/10/17: (A) introduced and referred to Transportation
AB 1571 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for the Appalachian Trail 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: 6/13/17: (A) reported referred to Rules
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: 1/23/17: (A) introduced and 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: 6/13/17: (A) amend (t) and recommit to Codes; print number 3506a
Related Bill: SB 3040
AB 3836 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for members of Kiwanis International 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: 6/12/17: (A) reported referred to Rules
Related Bill: SB 2393
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: 2/2/17: (A) introduced and referred to Transportation
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: 5/2/17: (A) amend and recommit to Transportation; PN 4635A
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: 5/16/17: (A) amend (t) and recommit to Transportation; print number 5305a
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: 2/7/17: (A) introduced and 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: 6/5/17: (A) amend (t) and recommit to Cities; print number 5998a
Related Bill: SB 5996
AB 6216 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Mental Health Matters" 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: 6/12/17: (A) reported referred to Rules
Related Bill: SB 1210
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: 3/9/17: (A) introduced and referred to Transportation
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: 5/9/17: (A) amend and recommit to Transportation; print number 6644a
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: 3/22/17: (A) introduced; referred to Economic Development, Job Creation, Commerce and Industry
Related Bill: SB 2384
AB 6884 – Automobile Brokers. Would incr
Status: 3/23/17: (A) introduced and referred to Consumer Affairs and Protection
Related Bill: SB 5380
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: 3/29/17: (A) introduced and referred to Education
Related Bill: SB 4901
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: 4/25/17: (A) introduced and 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: 5/10/17: (A) introduced and referred 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: 5/15/17: (A) introduced and referred to Transportation
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: 5/23/17: (A) introduced and referred to Transportation
Related Bill: SB 5412
AB 8005 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for recipients of a conspicuous service cross 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: 6/13/17: (A) reported referred to Rules
Related Bill: SB 2564
AB 8084 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Sickle Cell Disease 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: 5/25/17: (A) introduced and referred to Transportation
Related Bill: SB 1704
AB 8087 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Lupus 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: 5/25/17: (A) introduced and referred to Transportation
Related Bill: SB 1703
AB 8112 – 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: 6/7/17: (A) reported referred to Ways and Means
Related Bill: SB 1999
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: 6/2/17: (A) introduced and 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: 6/2/17: (A) introduced and referred to Transportation
Related Bill: SB 226
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: 3/30/17: (A) passed Senate; 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: 3/17/17: (S) in Transportation; amended
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: 1/4/17: (S) introduced and referred to Transportation
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: 5/2/17: (A) passed Senate; delivered to Assembly; referred to Local Government
NEW LAW: SB 983 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Cure Childhood Cancer" 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: 3/15/17: signed by the Governor; Chap. 21; effective immediately
SB 1210 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for "Mental Health Matters" 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: 6/8/17: (A) referred to Ways and Means
Related Bill: AB 6216
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: 1/9/17: (S) introduced and referred to Banks
Related Bill: AB 644
SB 1703 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Lupus 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: 6/8/17: (A) referred to Transportation
Related Bill: AB 8087
SB 1704 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Sickle Cell Disease 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: 6/5/17: (S) Committee discharged and committed to Rules; ordered to third reading
Related Bill: AB 8084
SB 1999 – 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: 1/11/17: (S) introduced and referred to Consumer Protection
Related Bill: AB 8112
SB 2139 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for Iraq War and War in Afghanistan 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: 6/5/17: (S) amended on third reading, 2139B
Related Bill: AB 1112
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: 1/12/17: (S) introduced and referred to Transportation
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: 1/13/17: (S) introduced and referred to Consumer Protection
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: 1/13/17: (S) introduced and referred to Consumer Protection
SB 2393 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for members of Kiwanis International 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: 6/13/17: (A) referred to Ways and Means
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: 5/10/17: (A) referred to Transportation
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: 6/12/17: (A) 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: 6/6/17: (S) reported and committed to Rules
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: 6/13/17: (A) 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: 1/13/17: (S) introduced and referred to Transportation
SB 2564 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for recipients of a conspicuous service cross 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: 6/13/17: (A) referred to Ways and Means
Related Bill: AB 8005
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: 5/22/17: (A) referred to Transportation
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: 6/9/17: (S) amend (t) and recommit to Finance; print number 3040a
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: 1/19/17: (S) introduced and referred to Energy and 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: 1/19/17: (S) introduced and 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: 6/13/17: (A) referred to Transportation
Related Bill: AB 7364
SB 3936 – Distinctive License Plates. Would require persons seeking the production of a distinctive license plate for AMVETS 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: 5/31/17: (S) amend and recommit to Transportation; print number 3936a
Related Bill: AB 282
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: 5/23/17: (S) amend (t) and recommit to Transportation; print number 4013a
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: 5/30/17: (S) amend and recommit to Finance; print number 4400b
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: 2/21/17: (S) introduced and referred to Transportation
Related Bill: AB 6569
SB 4901 – 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: 3/3/17: (S) introduced and referred to Education
Related Bill: AB 7000
SB 5380 – Automobile Brokers. Would increase the amount of the bond required for automobile brokers from $75,000 to $125,000.
Status: 5/22/17: (S) advanced to third reading
Related Bill: AB 6884
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: 3/27/17: (S) introduced and referred to Transportation
Related Bill: AB 7961
SB 5431 – Distinctive License Plates. Would require persons seeking the production of license plates for the Appalachian Trail 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: 6/5/17: (S) ordered to third reading
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: 6/2/17: (S) amend (t) and recommit to Cities; print number 5996a
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: 6/5/17: (S) Committee discharged and committed to Rules; ordered to third reading
Related Bill: AB 7715
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 529 – Preneed Funeral Services. Would revise the license bond requirement for funeral establishments, which requires a $50,000 surety bond in connection with licensure as a preneed establishment if the licensee is newly licensed after January 1, 2008, or a license has lapsed after that date. The bond must be in place for 5 years or upon demonstrating that it is solvent, no less than 1 year from the date the original license is issued. The bill would require the bond to be in place for 2 years, but the Board of Funeral Service could require it to be in place for up to 5 years. The licensee still could demonstrate its solvency after 1 year to have the bond requirement removed. The bill would permit a cash deposit to be posted in lieu of the bond. If there is a claim on the bond, the Board could extend the bond requirement.
Status: 3/30/17: (H) passed 1st reading; referred to Regulatory Reform, if favorable, Finance
Related Bill: SB 479
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: 4/20/17: (S) referred to Rules and Operations of the Senate
HB 654 – Mortgage Professionals. Would reduce the bond amounts for mortgage brokers, mortgage lenders and mortgage servicers to an amount ranging from $25,000 to $150,000 based on loan origination volume in a calendar year. The bill also would increase the corresponding loan origination thresholds that determine the bond amount for brokers. For mortgage lenders and servicers, the current bond amount ranges from $150,000 to $500,000 based on loan origination volume in a calendar year. Instead, all mortgage lenders and servicers would have to post a $100,000 bond, unless their loan origination volume is $100 million or more, in which case a $150,000 bond would be required.
Status: 4/11/17: (H) passed first reading; referred to Banking
HB 759 – Trustees of Perpetual Care Trust Funds for Cemeteries. Provides for the establishment of perpetual care trust funds for cemeteries; the trustee would be required to post a bond to secure faithful performance of duties. The bond amount would be based on the amount of money in the trust fund: $100,000 or less, the bond would have to be equal to 125% of the trust fund's value; more than $100,000, the bond would have to be equal to 110% of the trust fund's value.
Status: 4/13/17: (H) passed first reading; referred to State and Local Government
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: 6/5/17: (S) failed to concur in House substitute; Conference Committee appointed
SB 479 – Preneed Funeral Services. Would revise the license bond requirement for funeral establishments, which requires a $50,000 surety bond in connection with licensure as a preneed establishment if the licensee is newly licensed after January 1, 2008, or a license has lapsed after that date. The bond must be in place for 5 years or upon demonstrating that it is solvent, no less than 1 year from the date the original license is issued. The bill would require the bond to be in place for 2 years, but the Board of Funeral Service could require it to be in place for up to 5 years. The licensee still could demonstrate its solvency after 1 year to have the bond requirement removed. The bill would permit a cash deposit to be posted in lieu of the bond. If there is a claim on the bond, the Board could extend the bond requirement.
Status: 3/30/17: (S) passed 1st reading; referred to Rules and Operations of the Senate
Related Bill: HB 529
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1237 – Professional Employer Organizations (PEOs). Would revise the amount of the bond required of PEOs, which currently must be the greater of $100,000 or 5% of the total wages reported on its quarterly contribution and wage report for the quarter ending immediately before the date submitted to the Secretary of State; the maximum bond amount is $500,000. The bill would eliminate the $500,000 cap and allow a PEO to furnish a letter of credit in lieu of a bond.
Status: 3/24/17: signed by the Governor; effective 8/1/17
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: 6/6/17: (H) amended; re-referred to Finance
HB 189 – Cosmetology Schools. Would increase the bond amount required for cosmetology schools from $10,000 to $100,000.
Status: 5/1/17: (H) referred to Government Accountability and Oversight
Related Bill: SB 129
SB 2 – Construction and Demolition Debris. Would authorize the director of Environmental Protection to adopt regulations for facilities for processing, transferring or recycling construction and demolition debris. The regulations would have to include a financial assurance requirement, under which a surety bond would be an option. The amount would be determined by the director, plus the fixed per cubic yard cost of transportation to and disposal of mixed construction and demolition debris at an authorized disposal facility.
Status: 5/24/17: (H) reported from Energy and Natural Resources - recommended passage
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 1366 – Notaries Public. Would increase the bond amount from $1,000 to $10,000.
Status: 3/27/17: (S) second reading; referred to Judiciary
HB 1913 – Installment Loan Lenders. Would require persons making installment loans to be licensed and to post a bond or letter of credit for $25,000 per location, $200,000 maximum. The bond would be for the benefit of any person injured pursuant to an installment loan due to the lender's fraud, misrepresentation, breach of contract, financial failure, or violation of any provision of applicable law. The bond would have to be maintained for three years after the expiration, revocation, or surrender of the licensee's license.
Status: 5/5/17: Vetoed by the Governor
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: 5/25/17: (S) conferees unable to agree
SB 592 – 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: 4/19/17: (H) Committee Report: Do Pass, as amended, Appropriations and Budget Committee; enacting clause stricken
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 2975 – Motor Vehicle Dealers. Would authorize a court to award retail customers of vehicle dealers statutory damages under certain circumstances, equal to $500, and reasonable attorney fees.
Status: 5/31/17: (S) in Business and Transportation; work session scheduled
NEW LAW: HB 2986 – Administrators. Would revise the bond requirement for special administrators of an estate for a deceased person to specify that the bond amount that the court sets would have to be based on the value of the property being administered, the income to be received during the administration period, and the likely indebtedness and taxes. For personal representatives of an estate for a deceased person, the bill would eliminate the requirement for the bond to be a minimum of $1,000. The bill also would permit these bonds to be waived under the terms of the deceased person's will or the special administrator or personal representative could request the court to waive the bond. The court could still require a bond for good cause even if the terms of the will state otherwise.
Status: 5/25/17: signed by the Governor; effective 1/1/18
HB 3461 – Nonparticipating Tobacco Manufacturers. Would require nonparticipating tobacco manufacturers to post a bond to secure its compliance with the escrow requirements under the existing law concerning the Master Settlement Agreement. The bond must be posted quarterly and be in an amount equal to the greatest required escrow amount due from the nonparticipating manufacturer or its predecessor for any of the 12 preceding calendar quarters, or $25,000, whichever is greater.
Status: 6/21/17: (S) referred to Rules
SB 98 – Mortgage Loan Servicers. Would require residential mortgage loan servicers to be licensed and post a surety bond or letter of credit in an amount to be specified by regulation.
Status: 6/23/17: (H) first reading; referred to Speaker's desk
NEW LAW: SB 899 – Receivers. Would establish uniform procedures for appointing receivers, who would be required to post a surety bond or other security in an amount determined by the court to secure the faithful performance of their duties. An insurance policy could be required by the court in lieu of a bond or other security.
Status: 6/14/17: Signed by the Governor; Chapter 358; effective 1/1/18
SB 974 – Out-of-State Motor Vehicle Dealers. Would require vehicle dealers from another state to have a minimum $20,000 bond in place before they can make claims on the license bonds of Oregon dealers. Under current law, there is a $20,000 limit on the amount to be paid from a bond to persons other than retail customers from a dealer's bond. The bill would remove the provision specifying that this limit applies to persons other than the dealer's retail customers.
Status: 6/22/17: (S) Senate concurred in House amendments and repassed bill. DeBoer declared potential conflict of interest
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 271 – 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: 6/12/17: (S) referred to Rules and Executive Nominations
Related Bills: HB 392, HB 865, SB 477, SB 524
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 271, 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: 4/25/17: (H) in Gaming Oversight; reported as committed; first consideration; laid on the table
Related Bills: HB 271, 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
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 Bill: HB 271. 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 271, 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
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 3317 – Financial Intermediation Service Providers. Would require persons providing financial intermediation services to residents of the state to register; any foreign persons providing these services could be required to provide the Department of Revenue with a reasonable surety bond.
Status: 1/25/17: (H) in Ways and Means; member(s) request to add sponsor - Taylor
HB 3511 – Conservators. Would revise the existing law's requirements for a conservator to post a bond to permit the court to increase or reduce the amount of the bond, release sureties, dispense with security or securities, or permit the substitution of another bond with the same or different surety.
Status: 1/18/17: (H) introduced and referred to Judiciary
NEW LAW: SB 321 – Recreational Vehicles (RVs). Would rewrite the current law on motor homes and travel trailers to set forth requirements for all recreational vehicles, and would increase the bond amount for dealers from $15,000 to $30,000.
Status: 5/19/17: signed by the Governor; Act No. 51; effective 11/19/17
SB 622 – School Choice Programs. Would establish a scholarship program as part of a school choice program for students that meet the bill's requirements to qualify. If a non-public school participating in the program receives $50,000 or more from these funds during the school year, they would be required to post a surety bond in an amount equal to the amount expected to be paid during the school year, or provide financial information demonstrating that it can repay such amount.
Status: 4/5/17: (S) introduced, read first time and referred to Education
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: SB 21 – Public Grain Warehouses and Grain Buyers. Would eliminate the provision permitting direct actions on grain warehouse and grain buyer license bonds. Currently, a claim must be filed with the PUC, the licensee, and the surety. Under the bill, the claim would only be filed with the PUC. The bill also would eliminate a provision that relieves the surety of all of its obligations to a claimant if the claimant fails to make a claim on the bond within the 6-month time frame permitted under current law.
Status: 3/2/17: signed by the Governor; S.L. Chapter No. 200; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 126 – Scholarship Pilot Program - School Choice Program. Would create a scholarship pilot program for students as part of a school choice program. Non-public schools participating in the program would have to demonstrate financial viability to repay any funds owed to the State by filing financial information verifying the school has the ability to make such payments, or by filing a surety bond payable to the State in an amount that the Department of Education would determine.
Status: 4/26/17: (H) action deferred in s/c Finance, Ways & Means Subcommittee to 1st Calendar of 2018
Related Bill: SB 161
HB 763 – Public/Private Monitoring Companies. Would require private entities that monitor persons who a court, magistrate or board has ordered, as a condition of release, to participate in a monitoring program to be certified by the State and post a minimum $100,000 performance bond.
Status: 4/19/17: (H) taken off notice for calendar in s/c Finance, Ways & Means Subcommittee
Related Bill: SB 724
HB 814 – Horse Racing - Simulcasting and Inter-track Wagering. Would require persons conducting horse racing at a horse race meeting within the state, or engaging in simulcasting and inter-track wagering as a receiving track to be licensed. The Racing Commission could require a bond or other security to secure the payment of taxes due to the State and the payment of operating expenses, including purses and awards to horse owners participating in races.
Status: 2/23/17: (H) assigned to s/c State Government Subcommittee; sponsor change
Related Bill: SB 346
SB 161 – Scholarship Pilot Program - School Choice Program. Would create a scholarship pilot program for students as part of a school choice program. Non-public schools participating in the program would have to demonstrate financial viability to repay any funds owed to the State by filing financial information verifying the school has the ability to make such payments, or by filing a surety bond payable to the State in an amount that the Department of Education would determine.
Status: 4/25/17: (S) action deferred in Finance, Ways and Means Committee to 5/2/17
Related Bill: HB 126
SB 346 – Horse Racing - Simulcasting and Inter-track Wagering. Would require persons conducting horse racing at a horse race meeting within the state, or engaging in simulcasting and inter-track wagering as a receiving track to be licensed. The Racing Commission could require a bond or other security to secure the payment of taxes due to the State and the payment of operating expenses, including purses and awards to horse owners participating in races.
Status: 3/15/17: (S) assigned to General Subcommittee of Senate Government Operations Committee
Related Bill: HB 814
SB 724 – Public/Private Monitoring Companies. Would require private entities that monitor persons who a court, magistrate or board has ordered, as a condition of release, to participate in a monitoring program to be certified by the State and post a minimum $100,000 performance bond.
Status: 4/18/17: (S) assigned to General Subcommittee of Senate Judiciary Committee
Related Bill: HB 763
NEW LAW: SB 1188 – Home Improvement Contractors and Contract Security Companies. Would eliminate the option for home improvement contractors to provide a cash or property bond to meet the current law's financial security requirement so that only a surety bond or letter of credit would be acceptable. The bill also provides that contract security companies could be required to post a bond in connection with obtaining a permit for a special event. The commissioner of Commerce and Insurance would determine the bond amount. The bond would be for the benefit of any person damaged by a temporary security guard acting under a special permit.
Status: 4/28/17: signed by Governor; Pub. Ch. 226; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 912 – Driver Education Course Providers. Would reduce the bond amount from $25,000 to $10,000.
Status: 6/15/17: signed by the Governor; effective immediately
Related Bill: SB 848
SB 570 – Scrap Tire Transporters and Processors. Would require tire transporters and tire processors to register and post a surety bond or other security; $25,000 for transporters, and for processors, an amount sufficient to secure the cleanup and closure of the site.
Status: 6/15/17: Vetoed by the Governor
NEW LAW: SB 848 – Driver Education Course Providers. Would reduce the bond amount from $25,000 to $10,000.
Status: 6/9/17: signed by the Governor; effective immediately
Related Bill: HB 912
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 320 – Notaries Public. Would make various changes to the notary public law; would eliminate the provision which permits the Office of Risk Management to provide bonds for notaries employed by a state office or agency.
Status: 3/22/17: Governor signed; effective 5/9/17
NEW LAW: HB 344 – Livestock Dealers. Would eliminate the $200,000 cap on the amount of the bond required of livestock dealers; the minimum amount would remain at $10,000.
Status: 3/24/17: Governor signed; effective 7/1/17
NEW LAW: SB 208 – 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: 3/25/17: Governor signed; effective 5/9/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 182 – Mortgage Loan Solicitation. Would require mortgage loan solicitation businesses to post a minimum $25,000 bond in connection with licensure.
Status: 5/1/17: signed by the Governor; effective immediately
NEW LAW: HB 497 – Livestock Dealers. Would revise the license bond requirements for livestock dealers and packers. The bill eliminates a requirement for the dealer to post a bond for each of its agents; dealers and packers would have to comply with the applicable federal regulations. The bill would eliminate the bond specifications from state law, and also would eliminate the bond requirement for livestock auction and commission sales businesses. Current law requires a bond in an amount based on the volume of purchases, with a maximum of $150,000.
Status: 5/10/17: signed by the Governor; Act No. 30; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 1542 – Home Service Contract Providers. Would require home service contract providers to register and post a surety bond or letter of credit in an amount ranging from $10,000 to $90,000, based on the total dollar amount of unexpired home service contracts that the provider has in effect. The bond would be for the benefit of the contract purchasers if the provider does not fulfill its obligations under the contract. A funded reserve account would be required in addition to the bond. A liability insurance policy would be accepted in lieu of the bond and reserve account.
Status: 3/24/17: Approved by the Governor; Ch. 727; effective 1/1/18
NEW LAW: HB 1628 – Private Security Businesses and Training Schools. Would repeal the bond requirement for private security businesses and private security training schools; only a liability insurance policy would be accepted.
Status: 3/13/17: Approved by the Governor; Ch. 495; effective 7/1/17
NEW LAW: HB 2026 – Property Brokers. Would eliminate the license and bond requirements for property brokers.
Status: 4/5/17: (H) Enacted; Ch. 790; effective 1/1/18
Related Bills: SB 1364
NEW LAW: HB 2254 – Public Officials. Would eliminate a provision permitting the Virginia Tobacco Board to appoint a secretary and employees. A provision requiring employees who handle funds for the Board to be bonded would be eliminated in connection with this change.
Status: 2/13/17: Approved by the Governor; Ch. 8; effective 7/1/17
Related Bill: SB 948
NEW LAW: SB 948 – Public Officials. Would eliminate a provision permitting the Virginia Tobacco Board to appoint a secretary and employees. A provision requiring employees who handle funds for the Board to be bonded would be eliminated in connection with this change.
Status: 2/20/17: Approved by the Governor; Ch. 66; effective 7/1/17
NEW LAW: SB 1113 – Contractors. Would require Class A and Class B contractors to post a $50,000 license bond or provide financial statements demonstrating a minimum net worth. Direct actions on the bond would be permitted if the contractor fails to pay a judgment issued by a court for improper or dishonest conduct. The surety's liability would be limited to the actual monetary loss, court costs, and attorneys' fees assessed against the contractor. The surety could not be liable for punitive damages.
Status: 3/16/17: Approved by the Governor; Ch. 572; effective 7/1/17
NEW LAW: SB 1364 – Property Brokers. Would eliminate the license and bond requirements for property brokers.
Status: 4/5/17: (H) Enacted; Ch. 815; effective 1/1/18
Related Bills: HB 2026
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 1048 – Solar Energy Companies. As amended, this bill would require community solar energy companies to register, and provides that such companies could be required to post a performance bond or other security to cover any advances or deposits the company collects from project participants. The funds could be placed in an escrow account in lieu of posting security.
Status: 3/10/17: (H) public hearing in Finance Committee
HB 1233 – Electric Companies. Provides that direct retail to electric consumer companies could be required to post a performance bond or other security if they collect any advances or deposits from their customers. The amount of the bond would have to be sufficient to cover any such funds received. Alternatively, the funds could be placed in escrow or trust.
Status: 2/14/17: (H) scheduled for Executive Session in Technology & Economic Development
HB 1361 – Auctioneers and Auction Companies. Would repeal the requirement for auctioneers and auction companies to post a bond or other security in connection with licensure. Current law requires a bond in an amount ranging from $5,000 to $25,000.
Status: 2/8/17: (H) public hearing held in Business & Financial Services
HB 1597 – Wholesale Fish Dealers and Buyers. Would revise the licensing and bonding requirements for wholesale fish dealers and buyers by consolidating these into a single license for buyers. The new bond amount would be $2,000 plus $1,000 for each buyer that the wholesale business engages. The $50,000 cap on the bond amount would be eliminated. The bill also would establish a license for limited fish sellers, who would be required to post a $1,000 bond. Both of these bonds could be increased for violations of commercial harvesting accounting regulations.
Status: 2/24/17: (H) Executive Session scheduled, but no action was taken in the House Appropriations Committee
NEW LAW: HB 1722 – Wholesale Motor Vehicle Dealers. Would eliminate the licensing requirements for wholesale motor vehicle dealers. The bill also would delete provisions permitting motor vehicle dealers who have done business with a wholesaler from making claims on a dealer's bond or a wholesaler's bond.
Status: 4/14/17: signed by the Governor; effective 7/1/17
NEW LAW: SB 5031 – Money Transmitters. Would eliminate the other forms of security that a money transmitter may furnish in lieu of a surety bond. The bill also would require online currency exchangers to post a surety bond in connection with licensure. The bond amount would range from $10,000 to $50,000, based on the previous year's currency exchange dollar volume. Direct actions against this bond would be permitted, and there would be a one-year tail on it.
Status: 4/17/17: signed by the Governor; Chapter 30; effective 7/23/17
Related Bill: HB 1045
NEW LAW: SB 5081 – Notaries Public. Would rewrite existing law governing notaries public. Current law requires notaries to post a $10,000 bond. The bill would require the bond amount to be determined by regulation and that the bond must specify that it covers acts performed during the term of the notary's commission.
Status: 5/10/17: signed by the Governor; Chapter 281; effective 7/1/18
NEW LAW: SB 5437 – Public Weighmasters. Would repeal the bond requirement for public weighmasters. Current law requires a $1,000 bond conditioned that the weighmaster will not commit any fraudulent act and will comply with the applicable laws and regulations.
Status: 4/27/17: signed by the Governor; Chapter 158; effective 7/23/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
HB 2775 – Bid Bonds. Would impose a 5% tax on successful bidders for a road construction project. The bidder would have to post a bond or other security with the bid to secure the payment of the tax.
Status: 3/2/17: (H) introduced; referred to Judiciary
Related Bill: SB 483
NEW LAW: HB 3093 – Cooperative Associations - Internet Services. Would establish a pilot project for municipalities and counties to form nonprofit cooperative associations for providing internet services. The officers, employees and agents who handle funds or negotiable instruments or the property of or for any association would have to post a bond to secure their faithful performance of duties. The bill also would require a bond to be posted in connection with filing an injunction related to a breach of contract with the association.
Status: 4/26/17: Approved by the Governor; Act No. 22; effective 7/7/17
SB 179 – Currency Transmission. Would permit the Tax Department Commissioner to make claims on the license bond required for currency transmission licensees for violations of the law.
Status: 2/8/17: (S) introduced; referred to Banking and Insurance
SB 259 – Administrators of Intestate Estates. Provides that a surety bond would not be required from the executor of a will if he or she is the sole beneficiary of the decedent, unless the will directs otherwise. A bond would not be required from the administrator if he or she is the sole distributee of the decedent, unless the county commission requires a bond at the time the will is admitted to probate, when the administrator is appointed, or if an interested person petitions for one to be required.
Status: 3/13/17: (H) introduced and referred to Judiciary
SB 483 – Bid Bonds. Would impose a 5% tax on successful bidders for a road construction project. The bidder would have to post a bond or other security with the bid to secure the payment of the tax.
Status: 2/28/17: (S) introduced; referred to Transportation and Infrastructure
Related Bill: HB 2775
SB 525 – Education Savings Account Programs. Would establish an education savings account program as part of a school choice program. If the State Treasurer anticipates that participating entities would receive $50,000 or more from these accounts during the school year, they would be required to post a surety bond equal to the amount expected to be paid from the accounts during the school year. In lieu of the bond, the school could provide financial information demonstrating its ability to repay the amount.
Status: 3/6/17: (S) introduced; referred to Education
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
AB 64 – DOT Highway Projects. State Budget Bill: would authorize the DOT to use the construction manager-general contractor procurement method for no more than 3 highway improvement projects. The bill specifies that the existing law's bond requirements for highway projects would apply to this procurement method. The bill also would repeal the bonds required for the attorney general ($10,000) and the deputy attorney general ($5,000).
Status: 5/31/17: (A) executive action taken by Joint Committee on Finance
Related Bill: SB 30
AB 168 – Public Officials. Would amend the bond requirements for city treasurer, comptroller, chief of police, municipal judge, and other officials as the common council may direct to grant the city's common council discretion to require a bond. It also would grant a village board the discretion to require bonds for a village clerk, treasurer, marshal, municipal judge, and constable. Current law requires that all of these public officials be bonded. If the city/village does not require a bond, their governmental bodies would have to obtain an insurance policy that covers the official.
Status: 6/14/17: (A) laid on the table
Related Bill: SB 122
AB 169 – Public Officials - Treasurers. Would amend the bond requirement for town, city or village treasurers to require the amount of the bond to be equal to at least the amount of state and county taxes apportioned to the town, village or city. Under current law, the bond amount must be equal to double the amount; bonds provided by personal sureties are capped at $500,000 and bonds provided by a corporate surety are capped at $250,000. The bill would eliminate the caps and repeal the provisions permitting the use of personal sureties.
Status: 6/14/17: (A) laid on the table
Related Bill: SB 123
SB 30 – DOT Highway Projects. State Budget Bill: would authorize the DOT to use the construction manager-general contractor procurement method for no more than 3 highway improvement projects. The bill specifies that the existing law's bond requirements for highway projects would apply to this procurement method. The bill also would repeal the bonds required for the attorney general ($10,000) and the deputy attorney general ($5,000).
Status: 5/31/17: (S) executive action taken by joint committee on Finance
Related Bill: AB 64
SB 122 – Public Officials. Would amend the bond requirements for city treasurer, comptroller, chief of police, municipal judge, and other officials as the common council may direct to grant the city's common council discretion to require a bond. It also would grant a village board the discretion to require bonds for a village clerk, treasurer, marshal, municipal judge, and constable. Current law requires that all of these public officials be bonded. If the city/village does not require a bond, their governmental bodies would have to obtain an insurance policy that covers the official.
Status: 6/22/17: (S) reported correctly enrolled
Related Bill: AB 168
SB 123 – Public Officials - Treasurers. Would amend the bond requirement for town, city or village treasurers to require the amount of the bond to be equal to at least the amount of state and county taxes apportioned to the town, village or city. Under current law, the bond amount must be equal to double the amount; bonds provided by personal sureties are capped at $500,000 and bonds provided by a corporate surety are capped at $250,000. The bill would eliminate the caps and repeal the provisions permitting the use of personal sureties.
Status: 6/16/17: (S) reported correctly enrolled
Related Bill: AB 169
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
NEW LAW: HB 221 – Nonresident Employers. Would increase the bond amount required for nonresident employers who expect to pay wages in the state which exceed $10,000 monthly or $120,000 annually. The bill would increase the amount to $20,000 plus $2,000 for each $120,000 or fraction thereof that the expected wages exceed $120,000. The bond also would cover the payment of civil penalties the Occupational Health and Safety Commission may assess, and all other payments or obligations of the nonresident employer required by any other section under Title 27 of Wyoming statutes or any department of workforce services rule or regulation.
Status: 3/1/17: Approved by the Governor; Ch. 71; effective 7/1/17
Contact CNA Surety at 800-331-6053 if you have information regarding legislative updates.
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