Blog
Foreclosure (Trustee) Bonds in Maryland & the District of Columbia
For creditors’ rights attorneys handling foreclosure actions in Maryland and the District of Columbia, posting a trustee’s bond—also known as a foreclosure bond—is a mandatory step to satisfy court requirements and move forward with a sale. Lexington National...
What Is a Subdivision Bond?
Subdivision bonds play a crucial role in ensuring that the public infrastructure commitments made by developers are honored—and Lexington National Insurance Corporation stands ready to back those commitments with the financial strength and responsive service that...
Understanding Arkansas Senate Bill 329: What the Online Marketplace Guarantees Act Means for Businesses and Consumers
In today’s digital economy, online marketplaces have become central to how we shop, sell, and interact with products and services. With that evolution, new challenges around consumer protections and platform accountability have emerged. To address these concerns,...
New Bond Requirement for Alabama Surplus Lines Brokers Effective January 1, 2025
The Alabama Department of Insurance has issued Bulletin No. 2024-05, announcing a new bond requirement for nonresident surplus lines brokers. Effective January 1, 2025, all nonresident surplus lines brokers will be required to file a surety bond in favor of the State...
Understanding the New Surety Bond Requirement for Home Improvement and Home Elevation Contractors in New Jersey
On January 8, 2024, Governor Murphy signed into law P.L. 2023, c. 237, which brought significant changes to the Contractors’ Business Registration Act (CBRA) and introduced the Home Improvement and Home Elevation Contractor Licensing Act. These changes aim to enhance...
Understanding NRS 108.2403: What Lessees, Property Owners, and Contractors Need to Know
When undertaking construction, alteration, or repair work on leased property in Nevada, tenants (lessees), property owners, and contractors must adhere to specific statutory requirements outlined in NRS 108.2403. This statute establishes the procedures for posting...
