Demand Forfeiture Bond In Nassau
Category:
State:
Multi-State
County:
Nassau
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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In judicial forfeitures, an agency may amend its Form DAG-71 within 60 days after forfeiture to reflect any continued participation in the case. The application form describes your claim to the. Court.The winning party, the Creditor, should first contact the losing party, the Debtor, to attempt to collect the judgment. Nassau County and Suffolk County have their own asset forfeiture rules. NY attorney Steven L. Kessler is here to provide guidance. To File a Claim: A claim must be filed with the agency that gave notice of the seizure and intent to forfeit. Table summarizing 76 investigations about bail forfeiture and related bail bond problems. In completing this form employees will be acknowledging in writing that their second job is subordinate to their employment with Nassau County.
