Resident Agent Countersignature Requirement for Performance and Payment Bonds for City of Reno Corp Yard Modular Building

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of agencies employing surety bind producers, including licensed resident and nonresident producers, placing bonds in the State of Nevada and in all other jurisdictions, I am writing you, at the request of an NASBP member, regarding the resident agent countersignature requirements in the performance and payment bonds required by7 the City of Reno for Corp Yard Modular Building, Contract Number H100105. Both bonds include a signature line with the caption “Countersigned by Resident Agent.”

Read more…