
This surety bond must be completed in its entirety. When a power of attorney form is used, it must be attached to the surety bond. Photo
copies of the bond form will not be accepted.
KNOW ALL MEN BY THESE PRESENTS, that
___________________________________________
, of
____________________
, as Principal and
_________________________________
, as Surety,
are held and firmly bound unto the State of Utah and to the Utah State Tax Commission, for the purpose of indemnifying any person or
persons who might subsequently establish legal ownership or interest to the vehicle hereinafter described, in the penal sum of
_________________________________
Dollars ($
___________
), lawful money of the United States of
America, being double the reasonable value of said vehicle, for which payment well and truly to be made and performed, they do hereby
bind themselves jointly, severally, and firmly by these presents.
WHEREAS, the Principal herein has made application to the Utah State Tax Commission for the registration of and the issuance of a
certificate of title for a
______
,
__________
,
__________
,
__________
,
__________________
,
Year Make Model Body type Vehicle identification number (VIN)
and said Principal has not been able to furnish a prior certificate of title, or evidence of the ownership of said motor vehicle sufficient to
clearly establish his right and title thereto, or clear evidence as to the existence or release of any lien or encumbrance thereon.
NOW THEREFORE, the condition of this obligation is such that if the Principal named herein shall well and truly pay and indemnify any
person, firm or corporation who may subsequently establish legal ownership or interest to the aforesaid motor vehicle at the time of transfer
of title certificate, as aforesaid, in full (but not to exceed the principal amount hereof) for all damages actually sustained or suffered by
reason of the issuance of the aforesaid title certificate, then this obligation shall be void, otherwise the same shall be and remain in full force
and effect for a period ending seven years from date hereof.
BE IN WITNESS WHEREOF, the Principal and said Surety have hereunto caused this instrument to be executed at
_____________________
, this
____
day of
___________
, 20
___
.
Principal
By
(Surety Seal)
Surety
By
Agent
Bonding Company’s Bond Number:
__________
Local agent’s name
Agent’s address
Affidavit of Qualification For Surety Companies
STATE OF
____________
)
County of
____________
)
______________________
, being first duly sworn, on oath deposes and says that he is the
______________
Officer or Agent
of said company, and that he is duly authorized to execute and deliver the foregoing obligations; that said company is authorized to execute
the same and has complied in all respects with the laws of Utah in reference to becoming sole surety upon bonds, undertakings and
obligations.
Signature of officer or agent
(Notary Stamp)
Residence
(Surety Seal)
Notary’s signature