Advocacy - Position Briefs

NASBP Position Statement on Surety Bonds and Trust Arrangements

08-26-2013 11:27 AM

NASBP has become aware that surety trust arrangements currently are being marketed as an effective alternative to surety bonds. The marketing materials for these trust arrangements are deficient in their treatment of the characteristics of and protections provided by surety bonds. For that reason, NASBP has prepared a succinct statement on the topic. This position statement distinguishes surety bonds and trust arrangements, so that owners and others contemplating trust arrangements in place of surety bonds will be better informed. NASBP provides this statement to its members and others for their use in educating the public on this important issue.

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Surety Bonds & Trust Arrngmnts   112K   1 version
Uploaded - 08-26-2013
NASBP Policy Statement