Bond to Secure Return of Motor Vehicle for Hearing on Petition for Release: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
A Wake North Carolina Bond to Secure Return of Motor Vehicle for Hearing on Petition for Release is a legal document that serves as a guarantee for the return of a motor vehicle when someone is requesting its release. This bond is required to ensure that the vehicle will be returned to its rightful owner pending the outcome of a hearing or petition. In Wake County, North Carolina, there are a few different types of bonds available to secure the return of a motor vehicle for a hearing on a petition for release. These bonds may include: 1. Release Bond: A release bond is typically used when the owner of a motor vehicle wants to secure its return during the pendency of a petition for release hearing. By posting a release bond, the owner guarantees that if the petition is granted and the vehicle is released, it will be returned promptly and in the same condition as when it was seized. 2. Vehicle Return Bond: A vehicle return bond is similar to a release bond but may be used in cases where the motor vehicle has already been seized or impounded due to legal issues. This bond guarantees the return of the vehicle if the court orders its release following a hearing on the petition. 3. Surety Bond: A surety bond is another option available for securing the return of a motor vehicle. In this case, a surety company acts as a guarantee that the vehicle will be returned as ordered. If the vehicle is not returned, the surety company will be responsible for compensating the owner. 4. Posting Cash Bond: In some instances, the court may allow the owner of the motor vehicle to post a cash bond instead of obtaining a surety bond or release bond. This involves depositing a specified amount of money with the court as security for the vehicle's return. If the vehicle is returned as ordered, the cash bond will be refunded. It is important to note that the specific requirements and procedures for obtaining a Wake North Carolina Bond to Secure Return of Motor Vehicle for Hearing on Petition for Release may vary depending on the circumstances and jurisdiction. It is advisable to consult with an attorney or legal professional to ensure compliance with all applicable laws and regulations.
