Mississippi Public Official Bond
A Mississippi public official bond, also called an official bond or a faithful performance bond, guarantees that an elected or appointed public officer will honestly and faithfully carry out the duties of the office and properly account for public funds and property. It is required by statute, and the officer files it as a condition […]
Mississippi Utility Deposit Bond
A Mississippi utility deposit bond is a surety bond you give to your utility company in place of a cash security deposit, so you can start or keep electric, gas, water, or sewer service without tying up your money. It is not a state license bond, and there is no single statewide amount. The utility […]
Mississippi Motor Vehicle Dealer Bond
The bond you file depends on who licenses you, because Mississippi splits motor vehicle dealers between two agencies. If you sell new or franchised vehicles, you are licensed by the Mississippi Motor Vehicle Commission (MMVC) and must file a $25,000 surety bond under Miss. Code Ann. 63-17-75, on the MMVC Bond of New Motor Vehicle […]
Mississippi Title Agent Bond
Mississippi does not set a single statutory surety bond amount for title insurance agents. Title insurance is governed by the Mississippi Title Insurance chapter, Miss. Code Ann. Title 83, Chapter 15 (Sections 83-15-1 through 83-15-11), and title agents are licensed as insurance producers under the Mississippi Insurance Department. That chapter regulates title insurance companies (formation, […]
Nevada Residential Improvement Bond
The Nevada Residential Improvement Bond, officially the Residential Improvement Bond for the Protection of Consumers, is a $100,000 surety bond a licensed residential contractor files with the Nevada State Contractors Board (NSCB). It is not a blanket license requirement. Nevada law (NRS 624.970, added by Assembly Bill 39 and effective October 1, 2023) caps the […]
Nevada Healthcare Facility Bond
A Nevada healthcare facility bond is a license surety bond that certain care facilities and in-home care agencies must file with the state to get or renew their license. Nevada’s official name for it is the “Health Care Facilities and Services Bond.” It is required under NRS 449.065. The law applies to a facility for […]
Nevada Surety Bonds
What is a surety bond in Nevada? A surety bond is a three-party guarantee. The principal (the business or person who buys the bond) promises to follow the law or fulfill an obligation, the obligee (the state agency, court, or other party that requires the bond) is protected if the principal fails to do so, […]
Nevada Public Official Bond
A Nevada public official bond is the official bond a public officer must give before entering the duties of office. Under NRS 282.010, members of the Legislature and all executive, judicial, and ministerial officers must provide the official bond required by law before entering upon the duties of their offices. There is no single statewide […]
Nevada Health Club Bond
A Nevada health club bond is the security a health club owner must deposit with the Nevada Consumer Affairs Unit before advertising its services or conducting business in the state. Under NRS 598.946, the required security is set by the size of the club’s membership, from $10,000 for a club with fewer than 400 members […]
Nevada Title Agent Bond
A Nevada title insurance agent bond is a surety bond that a title agent or title insurer must deposit with the Nevada Commissioner of Insurance to be licensed. Under NRS 692A.1041, each title agent and title insurer “shall deposit with the Commissioner and keep in full force and effect a corporate surety bond which complies […]
