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.
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.