Send Via Email Legal Nevada Bonds Forms For Free

A cash bond must be submitted to the Secretary of State by cashier's check in the full amount payable to the State of Nevada with a Cash Bond deposit form. Pursuant to NRS240A.

Surety bonds generally cost 1-15% of the required bond amount. Surety bond costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).

The surety bond requires the principal to sign an indemnity agreement that pledges company and personal assets to reimburse the surety if a claim occurs. If these assets are insufficient or uncollectable, the surety pays its own money to satisfy the claim.

The surety bond must be executed by a company qualified and authorized to do business in this State, and it must cover the period of the registration of any registrant covered by the bond. The surety is required to give notice to the Secretary of State if they are releasing the bond or if the bond has been exhausted.

If a claim against a bond is filed pursuant to NRS 240A. 120, the claimant must notify the Secretary of State in writing upon filing the action. A claim against a bond filed pursuant to NRS 240A. 120 may be filed in a court of competent jurisdiction for damages to the extent covered by the bond.

A bail bond (or a surety bond to be more precise) is when a defendant or his/her family hires a bondsman to post a bond on their behalf. Under Nevada law, a bail bond company cannot charge more than 15% of the bail amount. If the bail is set at $1,000.00, the cost to bail out of jail is $150.00 or less.