Surety Bond Guarantee Program: Streamlining and Modernizing

Official abstract: This final rule makes several changes to the U.S. Small Business Administration (SBA) Surety Bond Guarantee (SBG) program regulations. The rule reduces the burden on participating surety companies for submission and retention of documents. The rule also corrects conflicting provisions, as well as revising the obsolete Preferred Surety admissions requirements and the Quarterly Contract Completion Report.