Resident Agent Countersignature Requirement for the City of Alexandria, VA

NASBP sent a letter to the City of Alexandria regarding recent instruction on performance bonds to notify that locality requirements, such as requiring that the surety agent, as attorney-in-fact, be located within the Commonwealth of Virginia, are unconstitutional. The letter requests that this requirement is corrected to reflect that the attorney-in-fact on the bond be a licensed agent, resident or non-resident, in the Commonwealth of Virginia.