Equal Surety Bond Opportunity Act

Summary

Equal Surety Bond Opportunity Act - Cites activities that constitute unlawful discrimination by a surety against an applicant in a surety bond transaction, including denial: (1) on the basis of race, color, religion, national origin, sex, marital status, sexual orientation, or disability; or (2) because the applicant previously obtained a bond through a certain bonding assistance program or any special purpose bonding program. Requires a surety to notify an applicant of action on the surety application within ten days of its filing. Entitles an applicant against whom adverse action is taken to a statement of reasons for such action. Subjects a surety to liability to the aggrieved applicant for both actual damages and legal costs for noncompliance with this Act. Mandates full compliance with this Act as a condition for approval as surety by the Secretary of the Treasury.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 June 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 6 June 2002

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• Introduced in House

  summary · EN · 6 June 2002

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