Lance Surety Bond Associates, Inc.

In Rhode Island, HB 7985, SB 2743 and SB 2755 now grant state courts the authority to waive the surety bond requirement for a guardian of an estate (guardianship bond or fiduciary bond). The waiver can be granted by the court regardless of the estate

In Colorado, two new House Bills were recently passed that bring about a couple of changes to surety bond requirements pertaining to manufactured homes. Colorado HB 1260 changes the total amount of the surety bond that is required to be purchased when issuing the certificate of title for a manufactured home. Such a surety bond is required in order to cover any individuals who suffer damages or experience loss as a result of the certificate being issued. Prior to the enactment of HB 1260, the total surety bond amount was established by the Executive Director of the Department of Revenue. Under the new law, the surety bond amount must be twice the total value of manufactured home, according to assessor