New York’s attorney general Letitia James challenged the $175 million bond that President Trump secured to cover the much larger judgment as he appeals the verdict in his New York state civil fraud case. Ms. James is questioning whether the California billionaire Don Hankey, known as “the king of subprime car loans,” is qualified to post the bond for  Mr. Trump.

In a court filing on Thursday, Ms. James wrote that her office “takes exception to the sufficiency of the surety,” citing that Mr. Hankey’s  company, which provided the bond for Mr. Trump, lacked “a certificate of qualification” required by New York Insurance Law Section 1111. In other words, Ms. James pointed out that the California firm, Knight Specialty Insurance Company, was not registered to issue appeal bonds in New York. She requested that the firm file the appropriate documents to “justify” the bond within 10 days.