Commercial Bond News – 8/2/2019

Post by – Joe Allen –

Commercial Bond News

The Iowa Pharmacy Board recently signed into law new regulations requiring all wholesale drug distributors to post a license bond or letter of credit for $100,000.

IA Wholesale Distributor License Bond

Missouri has introduced a new license bond requirement for rental companies. This new bill will now require businesses engaging in the rental or lease of motor vehicles, trailers, boats, or outboard motors to post a $100,000 bond or an irrevocable letter of credit. The bill which was signed on July 9th, 2019 will go into effect on August 28th, 2019.

MO Rental Company License Bond

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