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Massachusetts Increases Surety Bond For Solicitors

by Surety Admin 9. September 2010 14:46
Massachusetts SB 2117 increases the surety bond required for professional solicitors for public charities from $10,000 to $25,000. The new law also provides that such solicitors can only conduct solicitations by or through persons covered by a bond under which the professional solicitor is the principal, or by a bond under which the person is both the principal obligor and independently registered as a professional solicitor. The new law became effective on January 1, 2011.
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Surety Blog Categories:  Commercial Bonds | Surety Law Changes

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