Individual surety activity led to new Tenn. law after brokers found fake bonds

11/6/2013 | Engineering News-Record

Surety agents in Tennessee who discovered a fraudulent bond in 2011 began seeking a law requiring surety bonds on contracts to be backed by companies that have the U.S. Treasury Department's approval. Such a measure became law this year, and could serve as an example for curbing surety fraud in other states, Jonathan Barnes writes.

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