Skip to main content

North Dakota Modifies Surety Bond Requirements

North Dakota Modifies Surety Bond Requirements
Thursday, March 21, 2019

North Dakota has modified the surety bond requirements under the Money Brokers Act. Presently, the law requires a surety bond in an amount not less than $25,000. N.D. Cent. Code Section 13-04.1-04.01(1). Effective August 1, 2019, the new minimum amount of the bond will be $50,000.

Copyright © by Ballard Spahr LLP