Compress Legal Alabama Bonds Forms For Free

Fill out a bonded title application with the Alabama DMV. Once your application is approved, the state will tell you what bond amount you need. Here are the standardized amounts that a surety must underwrite for you. The newer your vehicle is, the more significant your bond amount.

Alabama Contractor License Bond Requirements. Alabama doesn't have a mandatory bonding requirement for contractors. However, if you are planning to work on any project estimated at $50,000 or more, you will need to obtain a license from the State Licensing Board for General Contractors.

Before being released the defendant or a relative or friend of the defendant, typically contacts a bail bondsman to arrange for the posting of bail. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court.

What Do Alabama Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount.

Utilizing a bail bondsman is the most common method of bonding someone out of jail in Alabama. It requires that the accused and/or his friend or family member co-signs a contract with the bail bondsman and pay a fee (usually it is 10-15% of the scheduled bond as their fee, which the bondsman keeps as his profit).

A surety bond must contain the following: Name of the principal, surety and the obligee. Address of principal, surety and the obligee. The amount being lent/borrowed. The purpose for which the amount is being borrowed. The time period for which the amount is being lent. The interest to be levied on the amount.