What is the Procedure to Deposit Cash in Lieu of a Bond?
From time to time, clients ask about the procedure to deposit cash with the Court in lieu of a bond. Clients have turned to my office to answer questions on these matters. Since my office does not handle the actual payment of funds into the court nor do I have direct...
DEP Third Party Insurance Requirements for Underground Storage Tanks
In various states, the Department of Environmental Protection (DEP) requires either an insurance policy or financial assurance, which can be an insurance policy, letter of credit, or a surety bond, to protect underground storage tanks from possible sudden accidental...
Looking for a Bonding Agent? What to Ask and Why
Today, we are going to talk about things that you want to be asking your bonding agent. Most people, who are in a situation where they’re applying for a bond, are worried about qualifying for the bond and obtaining the bond. What if you’re able to obtain a...
The Excise Tax Bond
Today, we’re going to discuss what’s needed for an Excise Tax Bond, specifically a Tax Fuel Bond under section 4104. The bond ensures that the payment of the tax imposed on fuel under § 4081(a)(1), or § 4081(b) of the Internal Revenue Code, guarantees that...