New Jersey 8. Sample of a Refunding Bond & Release Form is a legal document used to secure the payment of debt obligations. This document is typically used when an individual or entity is refinancing a loan or making payments on a debt. It outlines the conditions of the repayment agreement and serves as a guarantee of payment. The form includes the names of parties involved, the amount of the debt, the terms of repayment, and a release of lien or personal guarantee. A Refunding Bond & Release Form is also known as a Surety Bond or Guaranty Bond. New Jersey 8. Sample of a Refunding Bond & Release Form is typically used for a variety of situations, such as refinancing a mortgage, settling a debt, or transferring a loan from one party to another. The form is also used when a borrower defaults on a loan and the lender needs protection. There are two types of New Jersey 8. Sample of a Refunding Bond & Release Form: a single-party form and a joint-party form. The single-party form is used when one party is the sole obliged of the debt, while the joint-party form is used when two or more parties are jointly liable for repayment of the debt. Each form requires the signatures of all parties involved and must be notarized before it is valid. It is important to read and understand the terms of the form before signing in order to ensure that all parties understand the terms of the repayment agreement.