Countersignature requirement for PA Contract

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association representing firms employing surety bond producers, including licensed resident and licensed nonresident agents placing contract surety bonds in Pennsylvania, I am contacting you about a requirement stated in the “Bid for Capping for the Delaware County Solid Waste Authority,” located in Earl Township, Berks County, Pennsylvania. Specifically, my concern is with Section 19.4, which requires the bid bond to be signed by a “Pennsylvania Licensed Resident Agent.” There is no statute or law in Pennsylvania that provides a preference to licensed resident agents versus licensed non resident agents.

Read more…