Get the free Resident Fund Surety Bond - dads state tx

Texas Department of Aging and Disability Services Resident Fund Surety Bond STATE OF TEXAS Form 3698 September 2010 ? BOND NUMBER ? COUNTY OF ? EFFECTIVE DATE KNOW ALL BY THESE PRESENTS RE: Name of

00) dollars and a sum less than the cost of such bond (if any) and (2) one hundred and forty thousand (140,000.00), plus interest at the rate and rate then and hereinafter provided for such bond; provided, however, that said surety shall be liable to and liable to such principal only for any liability incurred in connection with this action and said surety shall make application at such time as may be fixed in the order described in paragraph (2) for payment of said one hundred and forty-eight thousand dollars and one hundred and twenty-four thousand dollars plus interest so as herein to fix and pay a debt due and owing the said principal. Any amounts paid into the State Bond Fund, the State Department of Aging and Disability Services' Trust Fund or the Texas Department of Aging and Disability Services' Incentives Program Account (or a deposit of funds in a similar program), including unclaimed money deposited into the trust fund and in the Incentives Program Account, shall be deposited into the State Bond Fund. Each of such trust funds shall be known as an “Assessment Fund” and shall be used for any purpose designated by the Director of the Department of Aging and Disability Services and upon request of any law enforcement official the Director of the Department of Aging and Disability Services may deposit to any trust fund in said trust fund money that the Director of the Department of Aging and Disability Services determines is sufficient to satisfy any claim pending against a person for the payment of state assistance for nursing home services, if, in said Director's sole discretion, said Director determines it to be so. The provisions of Chapter 21, Occupations Code, with respect to the use of any money in a criminal justice fund, relating to the use of surplus criminal justice funds of the state of Texas for use in payment of fines or for other legal expenses of the state of Texas, shall not be applicable to such an assessment fund or a trust fund in the State Bond Fund. It shall be the obligation of the Chief Financial Officer of the State of Texas to adopt rules requiring that all payments, including unclaimed money deposited in the trust fund, deposited into the State Bond Fund be deposited in the State Department of Aging and Disability Services' Trust Fund.

People Also Ask about resident fund surety bond

How do I file a bond in Texas?

How to File a Bond Claim in Texas Step 1: Request a Copy of the Bond. Similar to most other states, the first step in how to file a bond claim in Texas is to obtain a copy of the bond itself. Step 2+: Serve Third-Month Notice. Step 3: Enforce the Payment Bond Claim.

How much is a surety bond for a Texas title?

Texas title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Texas Department of Motor Vehicles. Bond amounts up to $6,000 cost just $100. Bond amounts from $6,001 to $25,000 cost $15 for every $1,000 of coverage, starting at $100.

How do I get a surety bond?

How to Get a Surety Bond Find the bond requirements in your state for your specific business or industry. Confirm the bond coverage amount needed. Contact a surety company that's licensed to sell bonds in your state. Provide the business details and financial information needed for your quote. Receive your bond quote.

What is the purpose of a surety bond in Texas?

The Basics of Texas Surety Bonds Basically, it's a legally binding three-party contract that guarantees one party's performance or payment of an obligation to another party.

What is a surety bond in court in Texas?

The Basics of Texas Surety Bonds Basically, it's a legally binding three-party contract that guarantees one party's performance or payment of an obligation to another party. There are special terms for each of the parties to the surety bond agreement.

What is a certificate of title surety bond Texas?

The Texas Certificate of Title Bond is a type of surety bond required by the Department of Motor Vehicles. The bond protects prior owners from any loss or damage by the issuance of the Bonded Title to the applicant.

For pdfFiller’s FAQs

What is resident fund surety bond?

A resident fund surety bond is a type of surety bond that guarantees the performance of fiduciary duties by individuals or entities managing and safeguarding funds on behalf of residents in senior living facilities or nursing homes.

Who is required to file resident fund surety bond?

Individuals or entities who are responsible for managing and safeguarding funds on behalf of residents in senior living facilities or nursing homes are required to file a resident fund surety bond.

How to fill out resident fund surety bond?

To fill out a resident fund surety bond, you will need to provide information such as the name and contact details of the bond applicant, the amount of the bond, the effective dates, and any additional information required by the bonding agency.

What is the purpose of resident fund surety bond?

The purpose of a resident fund surety bond is to protect the residents of senior living facilities or nursing homes from financial loss in case of mismanagement or misuse of their funds by the bond applicant.

What information must be reported on resident fund surety bond?

The resident fund surety bond must include information such as the name and contact details of the bond applicant, the amount of the bond, the effective dates, and any additional information required by the bonding agency.

When is the deadline to file resident fund surety bond in 2023?

The deadline to file the resident fund surety bond in 2023 may vary depending on the specific regulations and requirements of the jurisdiction. It is recommended to consult with the relevant authorities or a bonding agency for the exact deadline.

What is the penalty for the late filing of resident fund surety bond?

The penalty for the late filing of a resident fund surety bond can vary depending on the specific regulations and requirements of the jurisdiction. It may include financial penalties, potential suspension of licenses, or other disciplinary actions. It is advisable to consult with the relevant authorities or a bonding agency for accurate information regarding the penalties.

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