US Legal Forms
Forms Kit
Credit Report Forms
Idaho
Idaho Release of Lien by Posting of Surety Bond - Individual

Idaho Surety Bond For Notary

Category:

Liens - Construction - Mechanics

State:

Idaho

Control #:

ID-02-09

Format:

Instant download

Upgrade to a Package! This form is part of a package. Get several related forms for the price of one! Go to Package

Description

The Idaho surety bond for notary serves as a legal instrument that allows an individual to release a mechanic's lien on real property. This bond is crucial for individuals, such as property owners or contractors, who are disputing a lien claim and wish to secure their property while awaiting a legal resolution. Key features of the bond include the obligation to pay the claimant an amount determined by a court, including interest and attorney's fees, thus ensuring financial responsibility is maintained. Filling out this form requires the principal and surety to provide their names, the amount of the lien, and execute signatures in the presence of a notary public. Editing this document should focus on ensuring accurate legal descriptions and amounts. The form is particularly useful for attorneys, partners, and legal assistants involved in real estate and lien disputes, as it helps navigate the legal landscape effectively. Paralegals and associates may find this bond essential for managing documentation and ensuring compliance with Idaho law during real property transactions.

Bond claim file form nz

View this form

Amendment to Bylaws regarding election of ...

View this form

Invoice Template for Painter

View this form

Order Allowing Defendant Access to Origina...

View this form

Plugging Requirements

View this form

Quitclaim Deed from Husband and Wife to Co...

View this form

Drug-Testing Consent for NCAA Division III...

View this form

Sample Letter for Confirmation of Time Ext...

View this form

First Board of Directors Meeting Minutes -...

View this form

Key Employee Nondisclosure and Noncompetit...

View this form

Solicitud de Empleo - Employment Application

View this form

How to fill out Idaho Release Of Lien By Posting Of Surety Bond - Individual?

Regardless of whether it is for commercial reasons or personal matters, everyone must confront legal issues at some point in their lives.

Filling out legal documents requires meticulous diligence, starting with selecting the appropriate template. For example, if you opt for an incorrect variant of an Idaho Surety Bond for Notary, it will be declined upon submission.

With an extensive catalog from US Legal Forms available, you won't need to waste time searching for the appropriate template online. Take advantage of the library's straightforward navigation to find the right form for any situation.

Obtain the template you require by utilizing the search bar or browsing through the catalog.
Review the description of the form to confirm it meets your needs, jurisdiction, and local area.
Click on the preview of the form to inspect it.
If it is not the correct form, return to the search option to find the Idaho Surety Bond for Notary template that you need.
Acquire the document when it fits your criteria.
If you have an account with US Legal Forms, click Log in to view previously saved documents in My documents.
If you do not possess an account yet, you can download the form by selecting Buy now.
Choose the suitable payment option.
Fill out the profile registration form.
Select your payment method: you can utilize a debit/credit card or a PayPal account.
Choose the desired document format and download the Idaho Surety Bond for Notary.
Once downloaded, you can fill out the form using editing software or print it to complete it by hand.

Form popularity

FAQ

To apply for a surety bond in Idaho simply submit our easy 2-min online application. We will contact you shortly with a free and exact quote and more details about the process.

Idaho Code 51-133 states a Notary public may, for any notarial act, charge a fee not to exceed five dollars ($5.00). In addition to the fee, a notary public may be compensated for actual and reasonable expense of travel to a place where a notarial act is to be performed.

Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay). You can get an instant estimate by using our bond premium calculator, or apply online to get a firm bond quote.

Your Idaho Notary Surety Bond Idaho Notaries are required by law to purchase and maintain a $10,000 Notary surety bond for their entire 6 year term of office. The Notary bond protects the Idaho public against financial loss due to improper conduct by a Notary.

As of , the average hourly pay for a Notary Public in Idaho is $53.49 an hour.

Trusted and secure by over 3 million people of the world’s leading companies

Release of Lien by Posting of Surety Bond - Individual

Note: This summary is not intended to be an all inclusive discussion of Idaho's construction or mechanic's lien laws, but does include basic provisions.

What is a construction or mechanic's lien?

Every State permits a person who supplies labor or materials for a construction project to claim a lien against the improved property. While some states differ in their definition of improvements and some states limit lien claims to buildings or structures, most permit the filing of a document with the local court that puts parties interested in the property on notice that the party asserting the lien has a claim. States differ widely in the method and time within which a party may act on their lien. Also varying widely are the requirements of written notices between property owners, contractors, subcontractors and laborers, and in some cases lending institutions. As a general rule, these statutes serve to prevent unpleasant surprises by compelling parties who wish to assert their legal rights to put all parties who might be interested in the property on notice of a claim or the possibility of a claim. This by no means constitutes a complete discussion of construction lien law and should not be interpreted as such. Parties seeking to know more about construction laws in their State should always consult their State statutes directly.

Who can file a lien in this State?

Idaho law permits "Every person, ..., performing labor upon, or furnishing materials to be used in the construction, alteration or repair of any mining claim, building, wharf, bridge, ditch, dike, flume, tunnel, fence, machinery, railroad, wagon road, aqueduct to create hydraulic power, or any other structure, or who grades, fills in, levels, surfaces or otherwise improves any land, or who performs labor in any mine or mining claim, and every professional engineer or licensed surveyor under contract who prepares or furnishes designs, plans, plats, maps, specifications, drawings, surveys, estimates of cost, on-site observation or supervision, or who renders any other professional service whatsoever for which he is legally authorized to perform in connection with any land or building development or improvement, or to establish boundaries, to have a lien upon the same for the work or labor done or professional services or materials furnished, whether done or furnished at the instance of the owner of the building or other improvement or his agent; and every contractor, subcontractor, architect, builder or any person having charge of any mining claim, or of the construction, alteration or repair, either in whole or in part, of any building or other improvement, as aforesaid, shall be held to be the agent of the owner for the purpose of this chapter provided, and the lessee or lessees of any mining claim shall not be considered as the agent or agents of the owner..." Idaho Code Â§ 45-501.

How long does a party have to file a lien?

A party seeking to claim a lien must file a claim of lien within ninety (90) days after the completion of the labor or services or furnishing of materials. Idaho Code Â§ 45-507.

What kind of notice is required prior to filing a lien?

Idaho statutes do not require an additional filing or notice other than the lien claim itself.

By what method is a lien filed in this State?

A Claim of Lien must be filed containing a statement of the claimant's demand, the names of relevant parties, and a property description. It must be verified by the oath of the claimant and a copy must be served personally or by certified mail to the property owner. Idaho Code Â§ 45-507.

How long is a lien good for?

A party seeking to assert a lien must begin legal proceedings to enforce the lien within six (6) months after the claim of lien has been filed, or, if "a payment on account is made, or extension of credit given with expiration date thereof, and such payment or credit and expiration date is endorsed on the record of the lien, then six (6) months after the date of such payment or expiration of extension."

Are liens assignable?

Idaho statutes on construction liens do not specifically speak as to whether liens may be assigned to other parties.

Does this State require a notice prior to starting work, or after work has been completed?

No. Idaho statutes do not require a Notice of Commencement or a Notice of Completion as required in some other States.

Does this State permit a person with an interest in property to deny responsibility for improvements?

No. Idaho statutes do not have a provision which permits the denial of responsibility for improvements.

Is a notice attesting to the satisfaction of a lien provided for or required?

No. Idaho statutes do not provide for or require that a lien holder who has been paid produce or file a notice to that effect.

Does this State permit the use of a bond to release a lien?

Yes. Idaho has several provisions for the release of a lien after the proper filing of a bond. However, the filing of a petition and a hearing before a judge in the appropriate court is required before obtaining an order releasing the lien.