Illinois Depository Bond
The Illinois Urban Development Authority was created under HB 264. Under this it requires its depositories to post a surety bond. This surety bond must be issued in the condition of the safekeeping of money be deposited and also the repayment of the deposits. The minimum bond amount posted must be equal to at least the maximum sum expected to be on deposit at any given time.
Latest posts by Victor J. Lance, President/Owner (see all)
- D.C. Real Estate Appraisal Management Companies Have to Register and Get a Bond - November 11, 2019
- New Bond Regulations for Oil and Gas Wells in Georgia - October 24, 2019
- NY Introduces Permanent Licensing Requirements for Mortgage Servicers - October 23, 2019