The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor".
How to Get a Surety Bond in 4 Steps Step 1: Determine which bond you need. The bond you need will depend on your business or personal circumstances as well as your location. Step 2: Gather your application information. Step 3: Purchase your bond from a surety agency. Step 4: File your bond with the obligee.
In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company providing this promise is also known as a “surety” or as a “guarantor”.
A surety bond is a three-party contractual agreement between a Principal (the party required to get bonded), an Obligee (the party requiring the bond), and a Surety company (the party guaranteeing the bond). The bond ensures that the principal meets specific performance standards set by the obligee.
Bonds can be posted at all Municipal Courts Locations during regular business hours. You can also post bonds at the Harris County Joint Processing Center, 700 N. San Jacinto St., (Municipal Courts Jail Bonding Window), Houston, TX 77002.
No - if you signed the bond it doesn't matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.
What Kind of Documentation Do You Need to Get Bonded? Application. The first step to getting bonded is completing the application or questionnaire that your agent provides you. Financials. Work In Progress Form. References. Resumes. Certificate of Insurance.
A person can remain on bail for the amount of time that their case is proceeding before the Court. What is a 'surety' in bail? A surety is a person who guarantees the defendant will attend their court date after being granted bail.