Maryland Higher Education Commission Bond

Maryland Higher Education Commission Bond

by | Mar 27, 2025 | Surety Bonds

Maryland Higher Education Commission requires a financial guarantee if a school wants to be accredited. Schools applying for this accreditation need a letter of credit or a surety bond sufficient to protect the students’ tuition enrolled at the school. The...
A Surety Bond Guarantee

A Surety Bond Guarantee

by | Jan 24, 2024 | Surety Bonds

Today, I would like to discuss a particular type of surety bond, referred to as a surety bond guarantee, and furnished as evidence of financial right and responsibility under the Oil Pollution Act of 1999 and the Comprehensive Environmental Response Compensation and...
Subdivision Bonds — Part 4

Subdivision Bonds — Part 4

by | May 25, 2022 | Surety Bonds, Suretyship

Suretyship is one of the oldest professions in the world, but few are familiar with the industry. In a way, a surety bond is similar to having a co-signer for an obligation. It is viewed as an extension of credit. If the developer of a project fails to build what is...