Maryland Affidavit of Uncompensated Surety

State:
Maryland
Control #:
MD-SKU-0019
Format:
PDF
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Affidavit of Uncompensated Surety

The Maryland Affidavit of Uncompensated Surety is a legal document that is used by a surety party to guarantee a debt or obligation to another party. The surety will often provide a financial guarantee to the other party in the event that the debt or obligation is not paid. This document is commonly used in real estate transactions to guarantee the payment of a mortgage, loan, or other financial obligation. It is also used in a variety of other legal contexts, such as to guarantee a contract or other agreement. The Maryland Affidavit of Uncompensated Surety is a legally binding document that is signed by the surety and witnessed by a notary public. This document outlines the terms of the surety agreement and the amount of the debt or obligation that the surety is guaranteeing. It also outlines the rights and obligations of each party in the agreement. There are two types of Maryland Affidavit of Uncompensated Surety: the first is a “personal” affidavit, where the surety is personally guaranteeing the debt or obligation; and the second is a “corporate” affidavit, where a corporation or other legal entity is guaranteeing the debt or obligation.

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FAQ

Example: I, Jane Smith, swear that the information in my sworn statement is truthful to the best of my knowledge and understanding. Your statement of truth must be in the first person and you need to identify yourself in it. Keep it short and sweet.

If you need information about court records, there is a valuable on-line tool that can help. It's called Maryland Judiciary Case Search or just ?Case Search.? To get started visit mdcourts.gov/casesearch.

An individual making service of process by delivery or mailing shall file proof of the service with the court promptly and in any event within the time during which the person served must respond to the process.

The affidavit must be signed by you, and swear (or affirm) under the penalties of perjury that what you are saying is true. For example: ?I solemnly affirm under the penalties of perjury and upon personal knowledge that the contents of the foregoing paper are true.?

(a) Service by Delivery or Mail. If service is made under Rule 2-121 (a)(2), the proof also shall set forth a description of the individual served and the facts upon which the individual making service concluded that the individual served is of suitable age and discretion.

In Maryland, an affidavit must be: In writing. Sworn to by the person making the statement. Signed by a notary public or other person authorized by law to administer oaths.

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Maryland Affidavit of Uncompensated Surety