An Illinois Bond Deposit Order (BDO) is a required document for entities and individuals who wish to do business in the state of Illinois. It is a certificate of deposit of financial security in the form of bonds or cash that must be submitted to the Illinois Secretary of State before a business can be established. Bods are used to guarantee performance of contractual obligations and provide legal protection to the state and its citizens. There are two types of Illinois Bond Deposit Orders: Surety bonds and Cash deposits. Surety bonds are a form of insurance that guarantee a party will fulfill its obligation or pay a penalty, while Cash deposits are simply cash deposits that can be used in lieu of a surety bond.
Illinois Bond Deposit Order
Instant download
This website is not affiliated with any governmental entity
Public form
Description
Bond Deposit Order
How to fill out Illinois Bond Deposit Order?
Working with legal paperwork requires attention, precision, and using properly-drafted templates. US Legal Forms has been helping people nationwide do just that for 25 years, so when you pick your Illinois Bond Deposit Order template from our service, you can be certain it meets federal and state regulations.
Dealing with our service is straightforward and quick. To obtain the necessary paperwork, all you’ll need is an account with a valid subscription. Here’s a quick guide for you to find your Illinois Bond Deposit Order within minutes:
- Make sure to attentively examine the form content and its correspondence with general and legal requirements by previewing it or reading its description.
- Look for an alternative formal template if the previously opened one doesn’t match your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and download the Illinois Bond Deposit Order in the format you need. If it’s your first experience with our website, click Buy now to continue.
- Create an account, choose your subscription plan, and pay with your credit card or PayPal account.
- Decide in what format you want to save your form and click Download. Print the blank or add it to a professional PDF editor to submit it paper-free.
All documents are created for multi-usage, like the Illinois Bond Deposit Order you see on this page. If you need them one more time, you can fill them out without re-payment - simply open the My Forms tab in your profile and complete your document whenever you need it. Try US Legal Forms and accomplish your business and personal paperwork rapidly and in total legal compliance!
Form popularity
FAQ
You may pay cash bail by Credit or Debit Card. A non-refundable service fee of 2.13% will be charged. The actual payment card used and a valid photo identification are required to process the payment. Posting of bail bonds by credit card must be transacted in person at 2700 S. California Ave.
Unless otherwise ordered by the Court, or cases exist with outstanding balances, bond money will be refunded to the person who posted the bond minus any fees owed to the Court. Attorneys seeking portions of Bond must have a completed W9 on file with the Accounting Division for the refund to be generated.
?After an order is entered to release bond money, it usually takes ten (10) business days to generate the refund check.
Three types of bonds in Illinois: On this type of bond, you simply sign your way out of police custody or court and promise that if you do not show up to court that you will pay the bond. For example, if you get a traffic ticket, the officer will have you sign the ticket promising to come to court.
If they return to court as promised, their posted bail will be returned to them minus any fines or fees. However, if they fail to appear, then the money will be forfeited to the court.
When will I get my bond refund? A customer can expect a bond refund within four to six weeks from the final disposition. The Criminal Division will prepare the bond refund documents, which are then forwarded to the Accounting Department to be audited and processed. How much is bond for my relative or friend?
Refund: After the expiration of one year from the termination of its authority, a guarantor may petition the chief judge for a refund of its security deposit. Upon the payment of outstanding obligations of the guarantor, if any, the security deposit may be refunded.
Bond is only accepted in the form of cash or a certified cashier's check. If bond is posted (paid) with a certified cashier's check, the certified cashier's check must be made payable to the ?Clerk of the Circuit Court?. Personal checks, credit or debit cards, and traveler's checks are not accepted for bond payment.
More info
The purchase amount is automatically debited from the source of funds you selected. You can set up multiple bank accounts from which to withdraw funds.Go to your TreasuryDirect account. If you want your refund deposited to only one account, don't complete this form. Instead, request direct deposit on your tax return. Complete FS Form 1522 and mail your bonds with the form to the address provided. Trustees must deposit and invest funds of the estate in accordance with section 345 in order to provide a maximum, reasonable net return. Another name for this type of investment is term deposit. Surety bond—Security deposit—Venue and time limit for actions upon bonds—Limit of liability of surety—Payment of claims. Bond Deposit Order.