Affidavit by Individual Surety OMB Number 1530-0047 – 11/19/2015

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of firms employing professional surety bond producers throughout the United States and its territories, I am writing in response to the information collection notice published in the September 28th issue of the Federal Register, concerning Standard Form (SF) 28, “Affidavit of Individual Surety.” NASBP wishes to make the U.S. Department of Treasury aware of language included in Section 874 of the 2016 FY National Defense Authorization Act (NDAA), which specifically addresses the types of assets individual sureties may pledge to secure bonds. Section 874 will necessitate the development and implementation of new regulations governing the types of acceptable assets and the procedures governing the acceptance of such assets. FY 2016 NDAA passed the Congress last week and awaits the President’s signature shortly.

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