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Maryland Rule 3-641 — a Writ of Execution Bond

Maryland Rule 3-641 — a Writ of Execution Bond

by admin | Oct 10, 2024 | Writ of Execution Bond

This bond is to protect the sheriff for the payment of any expenses that may be incurred in the sheriff’s compliance with what is commonly called a Writ of Execution. When a judge issues a Writ of Execution in the District Court of the State of Maryland, it may...
Foreign Entities: Securing a Surety Bond in the U.S.

Foreign Entities: Securing a Surety Bond in the U.S.

by admin | Oct 11, 2023 | Foreign Entities, Surety Bonds

Foreign companies doing business in the U.S. sometimes need a surety bond for different projects or contracts that they are bidding on. In most countries, they do not use surety bonds. Some countries are beginning to require surety bonds, which are fairly unique to...

Consumer Credit Reports in Suretyship

by Neil Pedersen | Jun 24, 2013 | Bonding Procedures, Suretyship

Sureties may use consumer credit reports to evaluate the risk of a bond applicant. The credit reports give an overview of an applicant’s financial habits, as well as the applicant’s ability to pay financial obligations in a timely manner. They often include payment...

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