How Is A Surety Bond Rate Determined?

August 25, 2016 by · Leave a Comment 

One of the first questions most people have about surety bonds is how much are they going to cost. A surety bond rate is a part of what determines that cost. Jurisco works with every client to deliver a low surety bond rate to make surety bonds cost effective.

What are some key factors in determining a surety bond rate?

Image of definition of cost benefit analysis which is used to lower a surety bond rateA surety bond rate is determined by a variety of factors including the value of the bond, any court fees, state costs, and even credit score. Yes, bad credit can impact surety bonds, too. The value of the bond is often set by the state or the court. Value for a wage garnishment bond, for example, is determined by the total amount of wages to be garnished.

At Jurisco, bond professionals consider everything when calculating surety bond rates. This way Jurisco can offer low bond rates to clients in every state.

Is paying a surety bond rate better than paying in cash?

Surety bonds tend to be more cost effective when compared to paying large sums in cash. Not even large corporations can pull together huge sums of money in a short timeframe. This coupled with only having to pay a small fraction of the cost up front make surety bonds better than paying in cash.

A low bond rate is going to be far cheaper than paying the total value of the bond in cash. A replevin bond that is worth double the amount of the value of the property involved in the bond. Imagine paying that in one payment. The surety bond rate covers everything and is more affordable.

How does Jurisco always offer a low surety bond rate?

Jurisco is a nationwide surety bond provider that benefits from having state by state expertise. They know the state requirements and how to avoid costly mistakes. Bond professionals can help clients in every state find a low surety bond rate.

Want to know more about low surety bond rates? Contact Jurisco to speak to a bond expert at 800.274.2663 today.

Arizona Appeal Bonds

August 23, 2016 by · Leave a Comment 

Meeting the requirements for Arizona appeal bonds is important for any appeal case in the state. An appeal can be derailed over appeal bond issues. Jurisco is determined to help clients avoid any negative fallback by making sure they have the Arizona appeal bonds they need.

What is an appeal bond?

Image of the welcome sign for the state of ArizonaAn Arizona appeal bond is used by a defendant in a court case when they wish to appeal the court’s ruling. This type of surety bond covers the cost of the appeal, any applicable fees, and other related costs.

Courts in Arizona require appeal bonds to handle the related costs while also ensuring the seriousness of the issue. Appeal bonds can be seen as a way to prove that the defendant isn’t simply stalling for time.

Will an appeal bond stay a judgement?

Arizona appeal bonds cover the cost of the appeal. To stay a judgement until after an appeal a stay bond, also known as a pending appeal bond, must be secured. It is still up to the court’s discretion as to whether or not the stay bond is accepted. Once the surety bond is accepted the judgement will not be enforced until after the appeal is heard.

Are Arizona appeal bonds always required?

In the majority of appeal situations, an appeal bond is required. Arizona surety bond laws restrict and reinforce their use. However, there are instances when the presiding judge can waive the appeal bond requirement. The plaintiff can always contest the need for an appeal bond, too.

The Arizona surety bond professionals at Jurisco find the right surety bond solution for the case. They can help navigate the waters to deliver the best bond possible to meet all requirements.

How much time does it take to secure an Arizona surety bond?

Jurisco delivers same day service for all Arizona appeal bonds. Online surety bond applications are available to begin the process right now. The lawyer-trained staff at Jurisco is fully aware of how important time is when dealing with appeals. Clients can always contact Jurisco to receive for fast, expert surety bond service in every Arizona city.

Small Business Surety Bond Needs

August 10, 2016 by · Leave a Comment 

Surety bonds can often be overlooked when considering what a small business needs to operate within a state. Failing to understand and comply with a state’s small business surety bond mandates can lead to trouble. Jurisco knows what local governments expect out of a small business when it comes to surety bonds. The bond professionals on staff are here to make sure small businesses don’t get tripped up over bonding issues.

Why would a business need a surety bond?

Image of people standing around a coffee shop discussing businessSmall business surety bonds are used by the state to help protect residents and consumers. A few examples of small business surety bonds are health club bonds, licensed broker bonds, seller of travel bonds, and bid protest bonds.

A health club bond is a surety bond that guarantees any prepaid dues or fees. This protects consumers from losing money if a business closes or fails to comply with a contract.

States protect financial investments, as well. A sales finance bond is required for a licensed broker. This surety bond protects those who enter into business with the seller against fraud.

Any individual or business who handles selling or purchasing airline tickets must have a seller of travel bond. This type of small business bond is mostly well known in California and Florida, but it is required in other states, too.  

Small businesses can use a bid protest bond when they feel a local municipality did not follow all bid procedures. A bid protest bond could help a small construction company have the same access as the largest of construction firms.

Do small business surety bond requirements differ by state?

Each state has its own set of surety bond mandates. Generally, small business surety bond requirements are handled by the Secretary of State. Being a nationwide surety bond provider, Jurisco is well versed in every state’s small business surety bond mandates.

Jurisco clients can count on state expertise for all their small business surety bond needs. Have a question about a surety bond? A surety bond expert at Jurisco will have the answer, guaranteed.

How fast can a small business surety bond be secured?

The bond experts at Jurisco understand how important it is for business to meet state regulations. Losing time rarely helps the bottom line. Small businesses cannot afford to be held up in delays caused by surety bonds. That’s why Jurisco provides same day small business surety bond service in all 50 states.

Do you need a small business surety bond? Contact Jurisco today at 800.274.2663 to learn more about surety bond options, rates, and online surety bond applications.

What Is A Deed of Reconveyance Good For?

August 2, 2016 by · Leave a Comment 

Imagine this scenario: a couple is preparing to sell their home when they receive a call from their realtor. The real estate agent says the sale of the house is being blocked because they cannot find a deed of reconveyance. “What is a deed of reconveyance?” the couple asks. “It’s proof the house is yours,” the realtor replies. Now what? Well, now they need a surety bond.

Once a property is fully paid for, a deed of reconveyance is issued.

Once a property is fully paid for, a deed of reconveyance is issued.

A Deed of Reconveyance

A deed of reconveyance is received when a debt is paid off, such as paying the last mortgage payment on a house. With a deed of reconveyance, ownership of the property is transferred. Without this deed, the mortgage company still technically owns the property. This can lead to blocking the sale of the property, or expensive tax issues.

Generally, a mortgage company mails a deed of reconveyance within 30 days of the last payment clearing. However, it isn’t uncommon to have to call and remind the mortgage company to send over the deed of reconveyance. This Washington Post common title problems article covers this issue pretty well.

Now, there are some situations where tracking down a deed of reconveyance can be difficult. For instance, a house that has been passed down from generation to generation and now being sold to the public may lack the proper documentation. That’s when using a surety bond can help because it clears up what is a deed of reconveyance issue.

Surety Bond Solutions

Working with a surety bond expert at Jurisco is a fast way to find a solution to a deed of reconveyance problem. Jurisco is a nationwide surety bond company so they can offer expert advice and low surety bond rates.
Jurisco is ready to help you understand what is a deed of reconveyance. Contact Jurisco today with any questions about a reconveyance and the surety bonds you need to clear up an issue.

Ways To Handle A Release of Lien Florida Problem

August 2, 2016 by · Leave a Comment 

Receiving a release of lien in Florida is simple when working with a reputable surety bond company like Jurisco. A Florida surety bond expert will quickly help resolve a lien situation with their thorough understanding of state statute. By securing a release of lien Florida bond, the lien can be removed from the property or assets.

What is a lien?

A release of lien Florida surety bond can help clear up property liens.

A release of lien Florida surety bond can help clear up property liens.

A lien works as a hold on a property. The owner cannot sale the property or transfer ownership in any way. Liens are generally placed on property because of payment disputes. Florida child support cases may even result in liens.

A contractor who doesn’t pay a subcontractor may be another reason why a lien is placed on property. Even if the property owner has receipts of bill payments, the court will allow a lien until the matter is heard. One way that liens can be avoided is by having a contractor, and their subcontractors, sign a lien waiver.

Florida statute details lien causes  and how they can be removed. The alleged debt can be contested in court, but until a ruling is made, the lien will stay on the property. To remove the lien, a release of lien Florida surety bond can be used.

Liens and Foreclosures

One reason to secure a release of lien Florida bond is to remove any limitations on the property. Liens may not only block the sale of a house, but they can add to the cost of foreclosure. When a foreclosed property is tangled up in liens, the fines go up, as does the stress level. This story about Florida condominium owners and liens is just one of the warning tales out there.

The release of lien Florida bond does not mean that the party is in fact owed money. Instead, it clears the property of a lien by standing in its place. The release of lien Florida surety bond takes the place of the lien, while giving the court time to hear the case. By having a release of lien bond, the property is once again in the clear.

Release of Lien Bond

Don’t let a lien cause problems. Remedy the situation with the help of a surety bond professional. Contact Jurisco today to learn more about release of lien Florida requirements.

Help With Mechanic Lien Texas Situations

August 1, 2016 by · Leave a Comment 

Dealing with a mechanic lien in Texas doesn’t have to be a hassle. Using a surety bond can sidestep a lot of troubles that mechanic liens cause. Working with a surety bond expert provides an easy way to take care of mechanic lien Texas situations quickly.

What Does A Mechanic’s Lien Mean?

TexasA mechanic’s lien is a lien on a property prohibiting the sale or transfer of ownership of the property. Often times, a lien is placed on property as part of a payment dispute. Contractors deal with this issue often when attempting to collect on bills for work completed or materials bought.

The Texas Bar explains Texas mechanic lien requirements in further detail on their site. In short, a lien is a legally binding hold on property until the dispute between plaintiff and defendant are cleared up.

How To Remove A Mechanic Lien in Texas

As one can imagine, a lien can cause serious problems for individuals and businesses. For individuals still making mortgage payments, a lien may cause the mortgage holder to increase payments or apply fines. Liens can also lead to tax issues. One of the fastest ways to remove a mechanic lien in Texas is with a surety bond.

Using a surety bond allows for the alleged debt to be covered while removing the lien. Posting a mechanic lien Texas bond is not an admission of guilt. In short, the surety bond simply takes the place of the lien. A transfer of lien bond is proof to a Texas judge that the issue is being handled seriously. It doesn’t take long for a judge to rule on the lien and accept the surety bond.

Ways to Avoid A Lien

One way to avoid a lien is to make a contractor and/or subcontractor sign a lien waiver. Some contractors make subcontractors sign such a waiver. The waiver rules out the threat of a lien. Meaning the owed party would have to seek other avenues to gain payment.

After a lien has been filed there may be ways to dispute it. Timing is one of the main reasons why liens are struck down. Mechanic lien Texas requirements include serving the lien within 5 days of filing the application. Judges in Texas make sure that this and other procedures are followed properly when determining the validity of a mechanic lien.

Have more mechanic lien Texas bond questions? Contact Jurisco today to speak with a Texas surety bond expert about mechanic lien bonds. Jurisco works to provide same-day service whenever possible, while offering low surety bond rates.

Injunction Florida Surety Bonds

July 29, 2016 by · Leave a Comment 

Chances are the term “injunction” has been heard by most people either from film and TV or through news stories. Injunction Florida surety bonds are required bonds by the state before an injunction can be granted. Injunction surety bonds covers any damages that the defendant may incur.

Florida requires injunction bonds as a way to protect the defendant against wrongful action. Injunction Florida bonds may also be required to cover additional legal fees. Speaking to a surety bond expert at Jurisco can help clear up any questions or doubts concerning injunction Florida bonds.

Injunction Florida Examples

Road sign welcoming people to FloridaInjunctions can be used for a wide range of reasons. Plaintiffs may use an injunction to stop the sale of assets or possibly stop the publication of a book. Injunction cases are not uncommon in Florida. Jurisco helps clients throughout Florida with their injunction surety bond needs.

Filing an injunction does not mean that the court will approve the requested action. Take this recent story about the U.S. Cricket Association (USACA). The USACA wanted to block the Caribbean Premiere League (CPL) from playing six games in Florida, claiming they were not properly sanctioned games. To halt the games, they filed an emergency injunction. A judge did not rule in their favor, however, saying the USACA did not show sufficient proof for the need of an injunction.

Injunction Surety Bond Process

Jurisco works with clients to make the injunction surety bond process as easy as possible. Surety bond experts know the injunction Florida requirements which speeds up the process considerably. Being familiar with the injunction Florida bonding statutes, Jurisco often delivers same-day service.

The process starts with filling out a bond application. Online surety bond applications are available. Once Jurisco receives the application, a bonding expert works to secure the right bond with a low rate. Even clients with bad credit can receive a good surety bond rate from Jurisco.

Contact Jurisco to learn more about injunction Florida bonds, the application process, and ways to lower the cost. A surety bond expert is on-hand to deliver the best injunction Florida surety bond available.

Does A California Seller of Travel License Require A Bond?

July 28, 2016 by · Leave a Comment 

In order to receive a California seller of travel license, the state of California requires individuals to secure a surety bond. A California seller of travel bond protects the consumer against fraud. Working with a reputable surety bond company such as Jurisco makes the seller of travel bond process quick and simple.

What is a California Seller of Travel Bond?

Picture of a cove in CaliforniaA California seller of travel bond is intended to guarantee compliance with federal aviation restrictions and state statutes. This type of bond can sometimes be referred to as an Airline Reporting Commission Bond.

Surety bonds provide an avenue of recourse should a company or individual be found in noncompliance. In the event that a California seller of travel does not meet standards, the surety bond holds the financial responsibility.

Meeting Licensing Requirements

Without a seller of travel bond, an individual or company could face fines and legal action. This article covers California seller of travel licensing requirements.  A surety bond is the best way for a company or person to satisfy the state’s desire to protect consumers.

Operating without a California seller of travel bond can lead to a revocation of a business license. This can be costly, as a company is unable to work with clients. Taking care of the surety bond requirement at the beginning helps avoid these types of hassles.

How long does the surety bond process take?

Securing a surety bond will be a hassle-free experience when you work with a respected surety bond like Jurisco. Jurisco’s team of surety bond experts work with California sellers of travel to deliver same-day service whenever possible.

Online surety bond applications means the process can get started right now. A bond expert reviews the application so they can find the best rate possible. The cost of a surety bond can still be low even with bad credit. Jurisco works with a range of clients and will be able to provide low rates.

Contact Jurisco to discuss California seller of travel bonds. A bond professional is ready to answer any questions about types of surety bonds, the bonding process, and ways to lower surety bond cost.

Securing A Writ of Attachment Texas Bond

July 26, 2016 by · Leave a Comment 

A writ of attachment Texas bond is a court order to seize an asset. There are several uses for a writ of attachment surety bond. A person going through a divorce and is splitting property may need a writ of attachment bond. Witnesses who ignore a subpoena can also find themselves “attached” for failure to appear.

Understanding the uses of a writ of attachment Texas bond will help make securing a surety bond easier. Speaking with a surety bond expert at Jurisco is a quick way to determine if a writ of attachment bond is right for you.

What Is A Writ of Attachment Texas Bond?

Texas flagWhen a writ of attachment is used to seize property, the courts require the plaintiff to secure a bond. A surety bond covers the value of the asset, so if the defendant later proves the attachment wrongful, they will be compensated.

The U.S. Marshals Service attachment bond explanation goes over how that office deals with attachment proceedings. Seizing an asset can be a disruptor to a person’s life or a business. A Texas judge will keep that in mind when they determine if an attachment is warranted.

Plaintiffs show the court good faith when they use a writ of attachment because they offer complete protection. This writ of attachment bond definition explains further.

How Long Does It Take To Secure A Surety Bond?

Jurisco offers online attachment bond applications for attachment bonds. Surety bond experts are also available on the phone or via email to start the application process and answer any questions.

It is important to work with a surety bond company that understands Texas surety bond requirements. Jurisco’s team of bond experts know the Texas bond mandates and how they apply to your needs. This makes the surety bond process go faster, often resulting in same-day bond service.

Contact Jurisco to learn more about writ of attachment Texas bonds. Jurisco is well versed in Texas surety bonds and will deliver fast, and friendly service.

Cash Surety Bond Decision Time

July 25, 2016 by · Leave a Comment 

Being faced with the decision between using cash or a surety bond is more common than one might think. Cash surety bond requirements arise in a range of situations including criminal and business matters. Knowing the benefits of both is the best way to choose which is right for the situation.

When is a Cash or Surety Bond Required?

A stack of $100 dollar billsA cash or surety bond may be required in a legal proceeding, as a result of criminal action, a business requirement for a construction project, or a bonding mandate for guardians and curators.

While people may be more familiar with cash bonds in criminal cases, as the Legal Aid bond explanation highlights, those same situations could also use a surety bond. When the difference is sleeping at home or sleeping in jail, a surety bond can be the faster resolution. Courts tend to set high bail amounts, which can be hard to cover in one full payment. A surety bond only requires a fraction of the cost.

One area that typically does not receive press for their bond issues is business. Every state sets mandates for their surety and cash bonds. These include business requirements for sellers of travel, real estate, et al.  If a business is making the news over bonds it generally doesn’t spell good news for them.

Construction companies deal with bonds on a routine basis. The Nevada State Contractors Board cash surety bond discussion shows how each can affect project timelines. Again, being able to cover a fraction of the cost, instead of one large sum, can help the timeline and bottom line.

The Cash Surety Bond Solution

Cash may appear the less headache solution. Why not cover the full amount and not have to deal with a bond company? Well, if the cash requirement is $100 that seems doable. But what if it’s $1,000 or $10,000 or $100,000? Then cash isn’t the best way to handle things. A surety bond generally beats the cash option since it is faster to obtain.

With a surety bond, the full amount will be covered even though the upfront cost is minimal. A surety bond can also provide extra protection that paying in cash doesn’t provide. To learn more about how surety bonds work, contact a bond expert at Jurisco.

Jurisco works with clients with a variety of bond needs. A team of surety bond experts is here to answer any questions about cash surety bond situations. Contact them today.

 
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