by Ryan Butterfas | Dec 20, 2022 | General
A mortgage broker bond is a type of license bond required for residential mortgage brokers, lenders, or servicers. It acts as a financial guarantee to repay losses due to unethical or unlawful business practices on behalf of the broker. The bond requirements for...
by Ryan Butterfas | Oct 3, 2022 | General
Contractor’s License Bond Increase: California Senate Bill 607 will increase the required amount for all contractor’s license bonds to $25,000 on January 1st, 2023. This increase includes the standard contractor’s license bond, the bond for qualifying...
by Ryan Butterfas | Sep 1, 2022 | General
Click here for Part 1 of the series. How to Build Credit if You Don’t Have Credit History There are several ways to build credit history when you don’t have any. Apply for a credit card.The card you apply for will depend on your credit history. Cards are available for...
by Ryan Butterfas | Aug 29, 2022 | General
What is Credit? Credit allows you to borrow money and access products or services now, with the understanding that you will pay in the future. Your ability to access credit is based on your credit history, which is a record of your debts and repayment of those debts....
by Ryan Butterfas | Aug 22, 2022 | General
Registration Services Bonds Registration services bonds are a pre-license requirement for any person or company that approves, renews, or transfers vehicle registration ownership. These bonds remain in effect, and renew annually, during the entire license period....
by Ryan Butterfas | Jul 19, 2022 | General
How to File a Claim Performance and payment bond claims are initiated by contacting the surety company that issued the bond. If you do not know which surety company wrote the bond, you can request a copy of the bond from the principal or the owner of the project. A...
