Bond For Crime In Illinois

Category:
State:
Multi-State
Control #:
US-00006DR
Format:
Word; 
Rich Text
Instant download

Description

The Bond for crime in Illinois is a legal document that facilitates the arrangement of a bail bond for a defendant. This agreement outlines the responsibilities of the applicant in securing the bail bond and the conditions of payment to the bail bonding company. Key features of the form include the obligation to pay a premium for the bond, indemnification of the bail bonding company, and reimbursement for any expenses incurred related to the defendant’s surrender. The form must be filled out accurately with the relevant parties' details, ensuring clarity in names, addresses, and amounts involved. It is essential for applicants to be aware that failure to notify the bail bonding company of any changes in contact information could lead to adverse consequences. This bond is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with criminal cases, as it allows them to secure a defendant’s release while managing potential liabilities. Understanding the nuances of this form can help legal professionals provide better counsel to their clients.
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FAQ

You must complete either Form REG-4-A or Form REG-4-D to obtain a bond. You will not be issued a certificate of registration and cannot be legally registered to do business in Illinois until we receive your bond. How do I obtain a bond using Form REG-4-A?

Is Crime the Same as Fidelity? No, crime and fidelity are not the same, although they are closely related. Fidelity bonds specifically protect a business from losses caused by fraudulent acts committed by its employees.

Reimbursement vs. Indemnity: Surety bonds provide reimbursement to the oblige (typically the owner of the job) by the surety, whereas crime insurance policies indemnify the insured for direct losses incurred due to covered criminal acts.

A Bond Claim Must be filed within 180 days from the last date of furnishing work or materials on the job. Must be served in writing on the Secretary of Transportation, with copies to the prime contractor, subcontractor and the bonding company. May need to be followed up by a lawsuit.

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Bond For Crime In Illinois