Lance Surety Bond Associates, Inc.

New Hampshire

Now that HB 7985, SB 2743 and SB 2755 have been enacted in Rhode Island, state courts are given the discretion to waive the surety bond (fiduciary bond) requirement for a guardian of an estate, regardless of the monetary value of the estate in question. Prior to this enactment, previous state law mandated that a surety bond be obtained for any guardian of an estate valued in excess of $10,000.

With the recent enactment of HB 2315, Kansas now requires all home inspectors operating in the state to register with Kansas

The recent credit crisis and major problems in the mortgage lending and real estate markets have brought about a number of new types of financial service providers. Subsequently, states are responding by attempting to create laws that require license bonds (surety bonds) for these new providers, such as foreclosure consultants, credit counselors, debt collection agencies, debt management services, and settlement servicers. Since most of this legislations was just recently introduced for the first time, it may take a year or two before the states are able to successfully enact these laws relating to license bonds.