by Ryan Butterfas | Apr 26, 2022 | General
Two new bills, both of which impact contractors, have passed the California Senate. The first bill, SB 607, increases the required amount for contractor’s license bonds to $25,000 effective January 1, 2023. This increase includes all three contractor’s bond types:...
by Ryan Butterfas | Apr 1, 2022 | General
What is an Auto Dealer Bond? Auto dealer bonds, or motor vehicle dealer bonds, are a type of license bond required by states in order to register and operate a motor vehicle dealership. The motor vehicle bond categories vary by state, and can include: new and used car...
by Ryan Butterfas | Mar 9, 2022 | General
What is a Release of Lien Bond? A release of lien bond, or release of mechanic’s lien bond, removes a lien that has been placed on a property. A mechanic’s lien can be placed on a property if the owner is alleged to owe money to a qualified lien holder. State court...
by Ryan Butterfas | Mar 7, 2022 | General
What Is a Structured Settlement Bond? Structured settlement bonds, sometimes called structured funding bonds or structured settlement transferee bonds, are required for structured settlement purchase companies to register their business within certain states....
by Ryan Butterfas | Nov 29, 2021 | General
Lost trust deed bonds (also known as lost trust note bonds) are required by title insurance companies when there is uncertainty regarding the payoff status of a promissory note/deed of trust on real property. A person...
