Broward Florida Demand Bond

State:
Multi-State
County:
Broward
Control #:
US-00415BG
Format:
Word; 
Rich Text
Instant download

Description

A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.

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FAQ

Court bonds cannot be cancelled by the principal or the surety. The court has required the bond, and only the court is able to cancel the bond by issuing a release stating the bond is no longer needed.

If it is cash bail and you pay the full bail amount, the money will be returned to you if the defendant shows up on all the hearing dates. If he won't, you will never get your money again. Bond can only be discharged if: A defendant found not guilty on the charge.

Surety bonds generally cost 1-15% of the required bond amount.

Florida certificate of title bonds up to $6,000 cost just $100 and are issued instantly, while bonds between $6,000 and $25,000 are issued instantly at a rate of $15 per thousand dollars of coverage.

Bail is deposited with the local jail, and is held until the defendant has fulfilled all of his or her obligations to appear in court on the charges. If the defendant doesn't violate the terms of bail, the money is returned after the proceedings conclude. The money is returned even if the defendant is convicted.

Florida law requires all Notaries to purchase and maintain a $7,500 Notary surety bond for the duration of their 4-year commission. The Notary bond protects the public of Florida against any financial loss due to improper conduct by a Florida Notary.

You can request a lost bond form by writing to us or by calling the unit at (954) 831-5929. The traffic and misdemeanor division is located in room 130.

A surety bond is a three party guarantee put into place to protect the party requesting the bond and guarantees the performance, ability, honesty and integrity of individuals performing various responsibilities and obligations. The three parties involved are the obligee, principal and surety.

You can get a Florida surety bond from your local insurance company or a licensed surety bond company. Most people to choose to get their bond from a surety bond company because of the expertise and competitive pricing.

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Broward Florida Demand Bond