alphasurety | Alpha Surety Bonds

Mass. passes PEO bond requirements

MASSACHUSETTS — The Department of Labor Standards now requires a $250,000 surety bond for any professional employer organization, or PEO, that conducts business in the state. State lawmakers passed HB 4723 in 2018, joining over 40 other states in having similar PEO licensing requirements. The state law defines a PEO as any person engaged in … Read more

Student loan servicers need surety bonds in Washington

by alphasurety

WASHINGTON — Updates to the Consumer Loan Act include surety bond requirements for student loan services. Student loan businesses must post a $30,000 bond as part of the requirements to receive and maintain a license from the Washington State Department of Financial Institutions to able to legally work within the state. These updates are part … Read more