Legal Services Corporation August 9, 2017 – Federal Register Recent Federal Regulation Documents

Bonding Requirements for Recipients
Document Number: 2017-16765
Type: Rule
Date: 2017-08-09
Agency: Legal Services Corporation, Agencies and Commissions
This final rule revises the Legal Services Corporation's (LSC or the Corporation) regulation about bonding requirements for LSC recipients. It requires recipients to bond all their employees and to ensure that third parties who handle recipients' funds have bond coverage, allows recipients to use other forms of insurance similar to fidelity bonds, raises the minimum level of coverage, and allows recipients to use LSC funds to pay for bonding costs. This final rule updates regulations to reflect current insurance practices and simplifies the language in the rule to reduce confusion.
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