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Alabama Onsite Wastewater System Business Must Have Surety Bond

by Surety Admin 5. September 2010 01:52
SB 103 subjects those required under existing law to obtain a pumper’s license to the surety bond requirements for other onsite wastewater system licensees. The new law also requires licensure for those involved in installing, transporting, pumping, servicing, repairing, maintaining, and cleaning portable toilets. Such licensees also are must post the bond required in existing law. The Alabama Onsite Wastewater Board determines the amount of the bond, which at a minimum, must be $15,000. The new law became effective on July 1, 2010.
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Surety Blog Categories:  Commercial Bonds | Surety Law Changes

Alabama Raises Bond Amount Title Bonds

by Surety Admin 4. September 2010 12:37
Alabama HB 179 revises the amount of the bond required to obtain a certificate of title for a vehicle when the owner does not have sufficient documentation of ownership. Current law provides that if the Department of Revenue (Department) is not satisfied with the documentation of ownership submitted with the application for a certificate of title, then it may require a surety bond. Prior law required a bond in an amount equal to 1.5 times the value of the vehicle. Instead, the new law authorizes the Department to determine the amount of the bond required. The bond indemnifies any prior or subsequent owner or lienholder who may have a security interest in the vehicle for any losses incurred by the issuance of a certificate of title to the applicant. The new law becomes effective on October 1, 2010.
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2010 Alabama Public Official Bond Changes

by Surety Admin 31. August 2010 15:53
Alabama HB 188 requires the employees or officials of an emergency telephone district that handle or disburse its funds to post a bond in an amount not less than the total funds that the district received in the prior fiscal year. Enacted 4/21/2010.
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Surety Blog Categories:  Commercial Bonds | Surety Law Changes





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