Ohio Authorization to increase bonded indebtedness

State:
Multi-State
Control #:
US-CC-6-102
Format:
Word; 
Rich Text
Instant download

Description

This is a multi-state form covering the subject matter of the title.
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How to fill out Authorization To Increase Bonded Indebtedness?

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FAQ

A surety bond is an agreement made between one or more persons and a bond agent where the bond agent agrees to post the necessary bail so that a defendant can be released from jail.

Title Agency Surety Bond To work as a title agent in Ohio, you are required to post a $150,000 surety bond. Ohio title agent license bonds are subject to underwriting, so the bond premium you'll pay depends on a review of your credit report.

Section 2921.31 | Obstructing official business. Except as otherwise provided in this division, obstructing official business is a misdemeanor of the second degree. If a violation of this section creates a risk of physical harm to any person, obstructing official business is a felony of the fifth degree.

Section 5589.01 | Obstructing public grounds, highway, street, or alley. No person shall obstruct or encumber by fences, buildings, structures, or otherwise, a public ground, highway, street, or alley of a municipal corporation.

In Ohio a probate bond is required where there is no will or the will does not do away with its requirement. Most wills drafted by attorneys will eliminate the bond requirement to make the process easier for the surviving family. An experienced probate attorney can help determine if the probate bond is necessary.

With this in mind, Ohio county probate courts require fiduciaries to acquire an Executor Bond or Administrator Bond as an assurance that the well-being of the estate and the beneficiaries are taken care of in line with the court's and State's standards.

Obtaining an Ohio contractor license bond is a straightforward process that starts with applying through a brief online form. The surety company reviews your application details to determine your approval and bond premium and you can complete the bonding process once this premium is paid.

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Ohio Authorization to increase bonded indebtedness