South Carolina MV 88 Bond Undertaking & Approval/Order is a legal document issued by the South Carolina Department of Motor Vehicles (DMV) to allow a motor vehicle dealer to obtain a surety bond and be licensed by the DMV. This document is sometimes referred to as a dealer bond, motor vehicle bond, or DMV bond. This bond is required to be in place by the DMV before a motor vehicle dealer is allowed to obtain a dealer license or renew an existing license. The bond amount required by the DMV is typically based on the number of vehicles the dealer is authorized to sell. The bond guarantees that the dealer will comply with all applicable South Carolina motor vehicle laws and regulations. There are two types of South Carolina MV 88 Bond Undertaking & Approval/Order: the Standard Bond and the Limited Bond. The Standard Bond covers all liabilities associated with the sale of motor vehicles, while the Limited Bond only covers liabilities related to the sale of certain types of vehicles.
South Carolina MV 88 Bond Undertaking & Approval/Order
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FAQ
There is no constitutional right to a personal recognizance (PR) bond in SC, but Article I, § 15 of the SC Constitution does place limits on bonds in SC: All persons have the right to bail, except. Persons charged with capital offenses, life imprisonment, or violent offenses (defined in SC Code § 16-1-60), and.
If the defendant appears in court as required, the bail will be returned at the end of the trial. However, if the defendant fails to appear, the bail will be forfeited to the court. Sometimes, a judge can order that only 10% of the total bail amount is required to be posted for the person to be released.
While it is possible to post your own bail after you are arrested it's unlikely you will be able to. The necessity for cash and the limitations of being in custody make it difficult. That said there are ways to speed up the bail process and make it easier on the person bailing you out.
A bail bondsman will post the bail amount for the defendant in exchange for a fee, usually 10% of the total bail amount. The bail bondsman is responsible for ensuring that the defendant appears in court as required. If the defendant fails to appear, the bail bondsman may be required to pay the full bail amount.
Bail bonds fees are regulated by the State Government. In South Carolina, the maximum fee a bondsman can charge is 15% (with a minimum of $25) but because of competition, you should expect to pay about 10% of the total bond amount no matter which bondsman you choose.
A bond court judge may allow someone out of jail based on their own ?personal reconnaissance? without posting any bail money. A personal reconnaissance bond is often called a ?PR bond.? However, a surety bond requires a person to pay money (or pledge collateral) to get out of jail.
South Carolina law states that the longest you can be held without a bond hearing is 24 hours. Many bond hearings are set within eight to twelve hours to ensure that you have time to get a lawyer and find a way to make bond.
The bond will likely prohibit the defendant from leaving the state without first getting permission from the solicitor or the judge.