Get the free Stipulation to Reduce Surety Bond - psc nd

This document stipulates the request to reduce the penal sum and total area of a surety bond related to surface coal mining and reclamation operations, requiring approval from the Public Service Commission.

How to fill out stipulation to reduce surety

How to fill out Stipulation to Reduce Surety Bond

1. Obtain the Stipulation to Reduce Surety Bond form from the appropriate legal or court authority.
2. Review the instructions accompanying the form carefully to understand the requirements.
3. Fill in the necessary personal information, including your name, address, and case number.
4. Clearly state the reason for requesting the reduction of the surety bond.
5. Include any supporting documentation that justifies the reduction.
6. Review the completed form for accuracy and completeness.
7. Sign and date the form where indicated.
8. Submit the form to the relevant court or authority, along with any required fees.

Who needs Stipulation to Reduce Surety Bond?

1. Individuals or businesses that have posted a surety bond in a legal proceeding and wish to lower the amount of the bond due to changes in circumstances.

People Also Ask about

What is the meaning of surety bond?

What does Bond cancellation sent to surety mean? The bond is canceled by a notice of cancellation. It can be cancelled for the termination date, for regulations or statutes specified in the form and conditions- this kind of bond automatically expires upon expiration.

What does bond cancellation sent to surety mean?

A cancellation notice is a written correspondence from a surety company indicating that they will cancel the principal's surety bond on a specific date.

What does cancellation of a bond mean in court?

Bond revocation means that a defendant's bail has been canceled, resulting in their re-arrest and return to custody. This occurs when the defendant violates the terms of their bail agreement.

What is a surety bond cancellation?

The surety bond is a way to get the court to trust you. There are circumstances when a bond can be waived. A legal and valid will may expressly waive the bond requirement. The adult heirs (beneficiaries) may also sign a document waiving the bond.

What does it mean to cancel a bond?

This is the cancellation of what you owe on your home loan, and occurs when you want to sell a home. As the seller, you must pay the bond cancellation fees. You must give the bank 90 days written notice.

For pdfFiller’s FAQs

What is Stipulation to Reduce Surety Bond?

A Stipulation to Reduce Surety Bond is a legal document that requests a court to lower the amount of a surety bond that a party is required to post, usually in the context of legal proceedings.

Who is required to file Stipulation to Reduce Surety Bond?

The party responsible for providing the surety bond, typically the defendant in a case, is required to file the Stipulation to Reduce Surety Bond.

How to fill out Stipulation to Reduce Surety Bond?

To fill out a Stipulation to Reduce Surety Bond, the party must provide information such as case details, the current bond amount, the requested reduced bond amount, and reasons for the reduction, along with signatures from involved parties.

What is the purpose of Stipulation to Reduce Surety Bond?

The purpose of a Stipulation to Reduce Surety Bond is to formally request the court to lower the amount of the bond required, often to reflect changes in circumstances or to alleviate financial burden.

What information must be reported on Stipulation to Reduce Surety Bond?

The information that must be reported includes the case number, parties involved, current bond amount, the proposed new bond amount, reasons for reduction, and any relevant judgments or orders from the court.