Farmer Walking Through Wheat Field

5 Simple Steps: Idaho Farm Labor Contractor License

idaho farm labor contractor license

Farm labor contractors act as the ‘middle persons’ between farmers and farm workers. Any person who is paid or promised to be paid for recruiting, soliciting, hiring, employing, furnishing, or transporting any migrant or seasonal agricultural worker is considered to be a farm labor contractor. If you are thinking of becoming a farm labor contractor in Idaho, you will first need to get licensed.

Short on time? Check out our Contractor’s License FAQ page.

Read More
Key Attached To House Key Chain

How To Get An Oregon Escrow Agent License

oregon escrow agent license

Being an escrow agent comes with a high degree of responsibility. When you are an escrow agent or officer, you are trusted to hold an asset or document on behalf of a first party for delivery to a second party once a specific time frame has passed or a certain condition has been met. You are an indispensable asset of an escrow process.

This is why escrow agents and escrow officers must get licensed before doing business. Escrow agents in Oregon must get an Oregon Escrow Agent License before they can legally start offering escrow services. Here are the steps to get licensed.

Read More
Chain Around Fence Doors

What Is A Sequestration Bond?

what is a sequestration bond

 

When a creditor sues a debtor to secure possession of a property they believe they have legal right to, often times an Attachment Bond or Replevin Bond is required by the creditor. A bond is required to ensure that the debtor will receive back their property if the court finds in favor of the debtor, or if the property should not have been seized.

 

Though Attachment Bonds and Replevin Bonds are the most common, there is another type of bond that can come into play in scenarios involving the seizure of a property: Sequestration Bonds.

Read More

How Much Does A Mortgage Bond Cost?

how much does a mortgage bond cost

The business of mortgages is one that comes with a lot of responsibility. While a mortgage broker, loan originator, servicer, or banker all take part in different aspects of mortgage initiation and maintenance, each of these professionals must be responsible with a client’s funds. Whatever your specific mortgage field, you need to choose a mortgage bond that fits, and you need to find one that fits your budget as well.

Read More
Man Sitting In Chair In Empty Office

What Is A Petitioning Creditor’s Bond?

what is a petitioning creditor's bond

A creditor is an individual who is owed money. There are different types of creditors. Petitioning creditors are parties who are owed money from a debtor and who apply to the court of bankruptcy in order to secure a debtor’s property and distribute it equally among them all.

Under certain circumstances, petitioning creditors can force a debtor into bankruptcy without his/her consent. This is called an involuntary bankruptcy petition. When an involuntary bankruptcy petition is filed, a receiver or trustee is appointed to take charge of the debtor’s property until the case is judged. Receivers and trustees who are appointed to do this often must furnish a Petitioning Creditor’s Bond.

Read More
Gavel Resting On Top Of Red Wallet With Hundred Dollar Bills

What Is A Garnishment Bond?

what is a garnishment bond

 

Garnishment is the legal process that allows creditors to take money or property of a debtor to pay for a judgement. The most commonly garnished property is future wages and bank accounts. In garnishment, if there is a 3rd party that holds the debtor’s property they are referred to as the garnishee. For example, in a wage garnishment, the debtor’s employer would be the garnishee and in a bank account garnishment, the bank would be the garnishee.

 

Sometimes, before a final judgement is made in a court trial, a plaintiff might want to secure the debtor’s money or property somehow and ensure that once the lawsuit is finalized they will be able to access the debtor’s property, even if held by a third party. A plaintiff ensures this by getting a Garnishment Bond.

Read More
Back To Top