LOST INSTRUMENT BOND APPLICATION - Globex Transfer, LLC 2025

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The document is a Lost Instrument Bond Application form that requires detailed information from the applicant regarding their identity, ownership, and circumstances surrounding the loss of a financial instrument. It includes sections for personal details, legal history, and specifics about the lost instrument, along with an indemnity agreement to protect the surety company from potential claims. The document emphasizes the need for accuracy and completeness in the application process.
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  1. Click ‘Get Form’ to open the LOST INSTRUMENT BOND APPLICATION in the editor.
  2. Begin by entering the Agency Name or Code and Producer Name at the top of the form. Ensure all information is typed or printed legibly.
  3. Fill in the Bond Number and Applicant’s Name as it should appear on the bond. Provide contact details including Phone, Fax, and Email.
  4. Indicate the type of ownership (Sole Ownership, Corporation, Partnership, LLC) and complete the Applicant’s Address section.
  5. Input your Social Security Number and specify the Amount of bond, Fair market value of primary residence, and Balance of mortgage.
  6. Answer all questions regarding legal history truthfully. If any answers are 'Yes', provide details on a separate page as instructed.
  7. Complete sections related to lost instruments including Serial/CUSIP Number, description of loss, and any relevant financial details.
  8. Review all entries for accuracy before signing. Ensure that both Applicant and Indemnitors sign where indicated.

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Financial institutions often require lost instrument bonds before issuing a duplicate of a misplaced financial certificate. A lost instrument bond guarantees that if the original lost instrument shows up in the future the bonded party will not be able to cash it.
A fairly typical cost guideline is $20 for every $1,000 of value of the lost instrument. If a promissory note for $50,000 was lost, you would probably have to pay in the neighborhood of $1,000 to the surety company to purchase a bond covering the amount of the certificate.
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.
A Lost Instrument Bond (also known as a Lost Note or Lost Deed Bond) is used when a financial certificate is lost or stolen. Before the bank or financial institution issues you a replacement, they might require you to secure a Lost Note Bond.
A Lost Instrument Bond helps guarantee that if the original lost or stolen cashiers check shows up, the bonded party will be less inclined to cash it, too.

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Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $15,000 Surety Bond $150 - $450 $450 - $750 $20,000 Surety Bond $200 - $600 $600 - $1,000 $25,000 Surety Bond $250 - $750 $750 - $1,2509 more rows
The standard fee is 10% of the total bail amount. So, for a $200,000 bail, you would typically pay $20,000 to a bail bondsman. This fee is non-refundable, even if the charges are dropped or the defendant is found not guilty. However, its important to consider additional costs that might arise.

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