Kentucky Continuous Bond (KCB) is a type of surety bond that provides financial protection for the State of Kentucky. The bond is required for businesses that handle public funds or provide services to the state. The bond is issued by a surety company and guarantees the faithful performance of the business and the payment of all taxes due to the state. There are two types of Kentucky Continuous Bond: the Annual Bond and the Multi-Year Bond. The Annual Bond is a one-year bond that must be renewed each year and the Multi-Year Bond is a three-year bond that can be renewed for three-year terms. The bond amount is determined by the business and must be approved by the surety company. The bond must be kept in force at all times and renewed when needed.
Kentucky Continuous Bond
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How to fill out Kentucky Continuous Bond?
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FAQ
What Do Kentucky Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount.
In Kentucky, a judge ultimately has the final say on the exact dollar amount of a set bail. When a person is arrested, a judge immediately reviews the case file, taking into consideration the charges, citation narrative and the person's criminal history. They then determine the initial bail amount.
Kentucky Notary Bond ($1,000, 4 years) A notary surety bond provides legal protection for the public against mistakes made by the notary. Kentucky requires that notaries purchase a notary surety bond to protect their customers.
What Do Kentucky Surety Bonds Cost? 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).
The state of Kentucky requires every Notary to purchase a $1,000 Surety Bond in order to protect the public financially from the possibility of a negligent mistake or intentional misconduct.
Your Kentucky Notary Surety Bond. Kentucky law requires all Notaries to purchase and maintain a $1,000 Notary surety bond for the duration of their 4-year commission. The Notary bond protects the general public of Kentucky against any financial loss due to improper conduct by a Kentucky Notary.
How do I become a notary in Kentucky? You must complete the Notary Application form to the Secretary of State with a fee of $10. Once you are approved, you have 30 days to take an oath of office, post bond and file the certificate of appointment with the county clerk.
In 1976, Kentucky became the first of the four U.S, states that ban commercial bail bonds and bounty hunting. The law was passed because of the belief that commercial bail bond systems discriminate against the poor by punishes most those who are least able to pay.
