One principal method by which a mechanic's lien may be removed from a piece of improved property is for the property owner or principal contractor to obtain a bond in the amount of one and one-half times the amount of the lien claim. Nevada statutes require the bond to be substantially in the form of NV-06-09.
Nevada Surety Bond Requirements
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Nevada
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NV-06-09
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How to fill out Nevada Surety Bond Form - Individual?
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FAQ
Contact a surety bonding company authorized to do business in Nevada for information on cost and how to obtain a surety bond. The surety bond may be issued for an individual performing document preparation services in Nevada, or may be issued to a business entity performing document preparation services in Nevada.
A Surety Agreement Defined They differ from an insurance contract in that an insurance contract includes two entities (insurance provider and policyholder), whereas a surety bond involves three parties: the Principal, the Obligee and the Surety.
Nevada law requires all notaries to have a $10,000 notary surety bond for the duration of their commission. The Nevada notary bond protects the people of Nevada from any mistakes you might make while performing your notarial duties.
Bond Requirement: Each applicant for a General Agent for Bail license must file a $50,000 Surety License Bond, naming the People of the State of Nevada as obligee, and must also provide a Power of Attorney. These must remain in force while licensed as a General Agent for Bail.
If the defendant cannot pay the bail amount, a bail bond can be purchased for 15% of the amount of the bail from a licensed bail agent. The bail agent may require collateral to secure the bond amount.