Get the free AFFIDAVIT OF SURETY TO SURRENDER PRINCIPAL - Wise County - co wise tx
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CASE NO. THE STATE OF TEXAS V. IN THE OF WISE COUNTY, TEXAS AFFIDAVIT OF SURETY TO SURRENDER PRINCIPAL BEFORE ME, the undersigned authority, on this day personally appeared, who after being duly sworn,
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How to fill out affidavit of surety to
How to fill out an affidavit of surety bond:
01
Begin by entering the title "Affidavit of Surety Bond" at the top of the document. Make sure it is centered and in bold.
02
On the first line, provide your full legal name as the surety. This is the person who is guaranteeing the performance or payment as specified in the bond.
03
On the second line, state your address. Include your street address, city, state, and zip code. Ensure the address is complete and accurate.
04
Next, specify the name of the principal on the third line. The principal is the person or entity for whom you are providing the surety. Include their full legal name.
05
On the fourth line, provide the principal's address. This should also include the complete street address, city, state, and zip code.
06
Indicate the name of the obligee on the fifth line. The obligee is the person or entity who will benefit from the surety bond. Again, include their full legal name.
07
On the sixth line, specify the address of the obligee. This should follow the same format as mentioned before.
08
State the bond amount on the seventh line. The bond amount is the predetermined sum of money that the surety is willing to pay if the principal defaults on their obligations.
09
Include the effective date of the bond on the eighth line. This is the date from which the surety bond becomes valid and binding.
10
Finally, on the last line, provide your signature as the surety. Sign your full legal name and date the document to confirm your agreement to the terms stated in the affidavit of surety bond.
Who needs an affidavit of surety bond?
01
Contractors: Many construction projects require contractors to obtain a surety bond to ensure completion of the work, payment of subcontractors, and compliance with regulations.
02
License applicants: Some professional licenses, such as those in the insurance or real estate industry, may require applicants to submit an affidavit of surety bond as part of the licensing process.
03
Legal proceedings: In certain legal cases, a court may require one party to obtain a surety bond as a form of financial guarantee. This could include scenarios like appealing a judgment, staying the enforcement of a judgment, or securing a release of property.
In these situations, an affidavit of surety bond becomes necessary to provide assurance and protection to the involved parties.
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