NASBP has developed these points about Individual Surety and the proposed MD legislation for you to help educate and to share with your legislators
NASBP Points Opposing Individual Surety.pdf
A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.
After a quick start to the Paycheck Protection Program (PPP), with the construction industry getting the most loans in the first round of the PPP, many contractors are now uncertain about the program. Some are even considering returning their PPP loans due to changes in rules and unclear guidance. In a recent Construction Dive article, attorneys, including NASBP Attorney Advisory Council participant David Robbins, offer insight into contractors’ uncertainties, as well as some suggestions to help mitigate risks if they do move forward with their PPP loans. Read more at Construction Dive: https://www.constructiondive.com/news/what-contractors-need-to-know-about-the-paycheck-protection-program/577631/ David Robbins will be presenting on False Claims Act liability implications for surety professionals at NASBP’s Virtual Event: Bonding with Bandwidth . This free event for NASBP Members, Affiliates, and Associates will be held on Wednesday, May 20 from 1 p.m. to 4 p.m
Hear from the NASBP membership about how they got into the surety industry and the reasons they find it to be a fulfilling career path
An architect who understands the benefits of bonding construction contracts is better prepared to advise owners that bonds help ensure successful contract performance and enhanced reputations. These 30 Q&As explain the benefits of bonds and how they play an essential role in the...
NASBP_AIA30Q_Rev_Final.pdf
NASBP debuted the NASBP Surety Shorts: 9 Things Savvy Owners Should Know About Bonding video series in summer 2022, with the first video “#1 Why Surety Bonds?”
NASBP developed the Frequently Asked Questions from Bond Producers About their Role in the Contract Bond Claims Process in response to the stated interest of its Members, Associates, and Affiliates for many and various educational materials from NASBP
FAQ_Rev8-18.pdf
However, a great deal of information about privately held borrowers is also likely subject to public disclosure under the Freedom of Information Act (FOIA)
Now there are even more reasons to use the NASBP Producer Communications Toolkit 2.0 in your client discussions, presentations, emails, and more! NASBP recently added 14 new items to the Toolkit 2.0