Arkansas and Connecticut adopt electronic surety bonds

Arkansas and Connecticut recently joined a majority of states that require new applicants for certain licenses to submit electronic surety bonds (ESBs) in lieu of paper bonds, and require current licensees to convert their paper bonds to ESBs. On October 1, the Arkansas Securities Department began accepting ESBs through NMLS for the licenses identified below; likewise, on November 1, the Connecticut Department of Banking began accepting ESBs via NMLS for applicable license applicants.

Existing Arkansas and Connecticut licensees should convert their bonds as soon as possible to ensure they meet the corresponding conversion deadlines.