SURETY SOLUTIONS BLOG

    All individuals or businesses who wish to engage in construction work in Utah must secure a Utah Contractor’s License. To do this, at least 1 individual must be selected to act as the license qualifier, which requires that person to pass the necessary license exams.   To get a Utah General ...

  What is a Mortgage Bond? A mortgage bond, in regards to surety, is a type of license and permit surety bond required by a state agency for licensure pertaining to mortgage activities.  This is not to be confused with mortgage bonds that are also known as mortgage backed security bonds. There are ...

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  Put simply, indemnity is security or protection against a loss. Indemnification is most often referred to as ‘to hold harmless’, usually in reference to one's actions.  Many high-risk activities, like skydiving or heli-skiing, require individuals to sign an indemnity agreement before they can ...

  We’ve all heard on the news, “So-and-so has been released on $50,000 bail.” But what does this really mean? What is a bail? How does it differ from a Bail Bond? When someone is arrested for a crime, they are held in jail until their court date, until the judge decides to let them go on their own ...

  If you have a business, you might have a surety bond. If you are a consumer, you might need to make a claim against a surety bond. Here's all the information you need to know about surety bond claims.   Short on time? Read our other posts on Car Dealer Bond Claims or Mortgage Bond Claims....

  When an individual cannot manage their financial affairs, a Conservator might be appointed. A Conservator is a court-appointed fiduciary who takes care of real estate, manages bank accounts, and handles investments for an individual who can no longer manage those on his/her own. To ensure a ...

To understand Fiduciary Bonds, it is important to understand what, or who rather, a fiduciary is.    ...

  What is Probate? The term probate refers to a legal process that governs the distribution of a person’s assets upon their death. The probate process includes: Finding the will and giving it to the probate court Assembling all of the deceased’s propertty Having the deceased’s property appraised ...

  There are situations where you might have secured a surety bond, only to find out you no longer need it or you would like your money back. Is this possible? Can you get a refund for a surety bond you’ve already purchased? The short answer is: it depends. Please note that this post is a generic ...