Recent Surety Bond Requirement for Alabama

January 20, 2010

The following surety bond requirement is outlined in Alabama HB 428.

As of August 1, 2009, all proprietary schools in the state of Alabama are required by law to post a surety bond in the amount of $20,000. This commercial bond is conditioned on any payments required when a student paid tuition and or fees to the proprietary school, but did not receive the level of instruction or quality of teaching that they paid for. Such damages would only be paid if a court determines such allegations to be truthful.


No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment