obligee Archives • Pedersen & Sons

Can an Attorney Hold Funds in Escrow as Collateral for a Bond?

by admin | Jul 26, 2023 | Surety Bonds

Recently I was contacted by a client and the discussion was whether or not a surety bond company would allow an attorney to hold cash in their attorney escrow as collateral for a bond. Ten to 15 years ago, this used to be a common practice. The reason why was because...

Money Transmitter Bonds

by admin | May 25, 2023 | Cryptocurrencies, Money Transmitter Bonds

Money transmitter bonds are required in various states for entities that obtain licenses to transmit money. Generally, these bonds are looked at as not risky, but given what’s happening in the banking sector and the cryptocurrency market, a lot of surety markets...

Subdivision Bonds — Part 1

by admin | Apr 11, 2022 | Surety Bonds

A land subdivision is when a developer takes a piece of raw land with nothing on it, and divides it into smaller pieces or lots, presumably to build homes. The lots can become other things, but typically it is intended for homes. Let’s say you have a one-acre...

Guardian Bonds – Part One

by Neil Pedersen | May 24, 2013 | Court Bonds, Suretyship

The topic of guardianship’s is quite dense. Therefore, this will begin a series of posts concerning guardian bonds. This first post is a brief overview of what a guardianship is and why a bond might be required. Guardian bonds are required in Surrogates’ Courts...

Can an Attorney Hold Funds in Escrow as Collateral for a Bond?

Money Transmitter Bonds

Subdivision Bonds — Part 1

Guardian Bonds – Part One

Categories