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Click ‘Get Form’ to open the DDS Bond Form in the editor.
Begin by entering your name in the designated fields for Applicant’s Name, ensuring you include your first, middle, and last names.
Fill in your Date of Birth using the MM/DD/YYYY format and provide your Place of Birth, including City, State, and Country.
Input your Social Security Number and both Work & Home Telephone Numbers. Make sure to include the area code.
Complete the Occupation or Profession field followed by your Complete Business Address and Complete Home Address.
Prepare a Financial Statement as required and attach it to this application. Additionally, provide a detailed statement of your work experience for the past ten years.
Answer all yes/no questions regarding previous involvement with Delayed Deposit Services Businesses thoroughly, providing details where necessary.
Finally, review all entries for accuracy before signing and dating the form at the bottom. Ensure that you also complete the acknowledgment section if required.
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For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.
How much does a 20,000 surety bond cost?
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows
How much does it cost for a $10,000 surety bond?
On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount. That means you may be charged between $100 and $1,500 to buy a $10,000 bond policy. Most premium amounts are based on your application and credit health, but there are some bond policies that are written freely.
How do you calculate surety on a bond?
To determine the premium, the surety provider considers the applicants credit history, industry experience, financial statements, and the type and size of the bond required. The premium is typically a percentage of the bond amount, often ranging from 1% to 5% annually. A standard rate is 2.50% to 3.00%.
What is the bond form?
A bond form with regard to surety bonds is the document that states the purpose of the bond, the bond penalty, the term, outlines the conditions of the bond, and specifies the parties involved in the agreement. The bond form is a legal document and must be accepted by all parties to the agreement.
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Related links
MCO 4400.150 LPC-2
Jan 29, 2014 This updated policy will also ensure that Marine Corps processes and procedures are in compliance with Department of Defense (DoD) regulations
This form is provided by the DDS as a sample and may be used by the Clerk of Superior Court. In no way is the Clerk of. Superior Court required to use this form
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