Yesterday, the bond/undertaking that Trump's team posted in the NY fraud case was sent back for corrections.

The insurance company that put up the bond seem to be unfamiliar with the rules in NY. They were told to fix their paperwork and include a financial statement.

But the surety bond was missing vital information typically included in those filings, experts say. These standard elements include documents related to power of attorney for the bond provider, Knight Specialty Insurance Company, a financial statement from the company and a certificate of qualification from the Department of Financial Services.

They did so. Then a ton of stuff happened.

Then Leticia James filed an exception

https://www.cbsnews.com/news/donald-trump-175-million-civil-fraud-bond-valid-new-york/

Is Trump's $175 million civil fraud bond valid in New York?

the company doesn't appear to be licensed in New York and doesn't appear to have enough capital to make this undertaking," Pollock said.

Knight Specialty is not licensed in New York to issue surety bonds, and Lederman noted the company's absence from the Department of Financial Services database. But the company contends it is nevertheless authorized to issue the bond.

The company also does not appear to meet a restriction under New York insurance law barring companies from putting more than 10% of its capital at risk.

There's a ton of stuff in the article.