Sentences with phrase «surety bond amount»

Not exact matches

The BitLicense requires each licensee to maintain capital in the amount and form determined by New York's Superintendent of Banking as well as «a surety bond or trust account in United States dollars for the benefit of its customers in such form and amount as is acceptable to the superintendent.»

Justice Bashir Sukola announced that two sureties are to bring their international passports to be deposited in the court with N10m each and a bank bond to that effect to the amount of money.

In my assessment, the judiciary has done all anyone can reasonably expect in supporting the current fight against corruption - anti-corruption cases have moved very fast to trial; and judges have imposed especially severe and onerous terms on accused persons brought before them for corrupt acts, with bail terms typically including deposit of their international passports, sureties and bail bonds with assets equivalent to the amount allegedly embezzled; and very high qualifications for standing as surety.

The surety bond or account of a credit services organization must be in the amount of $ 10,000.

The aggregate liability of the surety or trustee to all persons damaged by a credit services organization's violation of the act shall not exceed the amount of the bond or account.

AMOUNT OF SURETY BOND OR ACCOUNT.

The bond or the surety account shall be in an amount of at least ten thousand dollars.

Each application must be accompanied by evidence of a surety bond, in a form approved by the administrator in the aggregate amount of $ 25,000, to run to the State for use by the State and any person or persons who may have a cause of action against a loan broker.

Notwithstanding this section, the aggregate amount of a surety bond accompanying the application of a loan broker conducting business solely as a facilitator of a refund anticipation loan or refund anticipation check must be $ 10,000.

The aggregate liability of the surety or trustee to all persons damaged by a credit services organization's violation of this chapter shall not exceed the amount of the surety account or bond.

Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained a bond in accordance with section 538A.4 or established and maintained a surety account at a federally insured bank or savings and loan association located in this state in the amount required by section 538A.4, subsection 5.

The aggregate liability of the surety company to all persons injured by a credit services organization's violation of sections 4712.01 to 4712.14 of the Revised Code shall not exceed the amount of the bond.

A. Every credit services business, before it enters into a contract with a consumer, shall file and maintain with the Commissioner, in form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in the Commonwealth, or a letter of credit from a bank insured by the Federal Deposit Insurance Corporation in an amount equal to 100 times the standard fee charged by the credit services business but in no event shall the bond or letter of credit required under this section be less than $ 5,000 or greater than $ 50,000.

The aggregate liability of the surety or bank to all persons damaged by a credit services business violation of this chapter shall in no event exceed the amount of the bond or letter of credit.

(a) Before doing business in Indiana, a credit services organization must: (1) obtain a surety bond in the amount of twenty - five thousand dollars ($ 25,000), issued by a surety company authorized to do business in Indiana in favor of the state for the benefit of a person that is damaged by a violation of this chapter; and (2) file a copy of the surety bond obtained under subdivision (1)

(1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained in accordance with § 2404 of this title a surety bond in the amount required by § 2404 (e) of this title issued by a surety company authorized to do business in this State or established and maintained a surety account at a federally insured bank or savings and loan association located in this State in which the amount required by § 2404 (e) of this title is held in trust as required by § 2404 (c) of this title;

The aggregate liability of the surety or trustee to all persons damaged by a credit repair services organization's violation of this Part shall not exceed the amount of the bond or trust account.

(1) Charge a buyer or receive from a buyer money or other valuable consideration unless the credit repair services organization has obtained, in accordance with R.S. 9:3573.4, a surety bond issued by a surety company authorized to do business in this state or has established and maintains a trust account at a federally insured bank or savings association located in this state in which the amount required by R.S. 9:3573.4 (E) is held in trust as required by R.S. 9:3573.4.

No credit services organization shall conduct business in this state unless the credit services organization has first obtained a surety bond in the principal amount of one hundred thousand dollars ($ 100,000) issued by an admitted surety and the bond complies with all of the following: (a) The bond shall be in favor of the State of California for the benefit of any person who is damaged by any violation of this title.

In order to do this you can choose from depositing cash amounting to $ 35,000 with the DMV California, providing proof for self - insurance which has been certified by the DMV (only if you own more than 25 vehicles), or get a $ 35,000 surety bond from a licensed San Jose, California car insurance company.

Buy a surety bond in the same amounts you see in the section above titled «Motorcycle Insurance Requirements.»

Acceptable methods of proving financial responsibility include a motor vehicle liability insurance policy, a Department of Motor Vehicles issued self insurance certificate, a cash deposit of $ 35,000 with the Department of Motor Vehicles, or a surety bond in the amount of $ 35,000 from an insurance company that is authorized to conduct business in the state of California.

A surety bond requires you to incrementally pay a percentage of the total amount, and then you would owe the balance of the bond amount if you were in an accident.

Drivers can also opt to show proof of financial responsibility by filing a cash deposit or surety bond in the amount of $ 35,000.

A surety bond in the amount of $ 10,000 for a Class A school and $ 2,500 for a Class B school — the forms are available in the