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Form DNR8204 Surety Bond for the Sale of Watercraft Certificates of Registration - Ohio
What Is Form DNR8204?
This is a legal form that was released by the Ohio Department of Natural Resources - a government authority operating within Ohio. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a DNR8204 Surety Bond?
A: The DNR8204 Surety Bond is a type of bond required in Ohio for the sale of watercraft certificates of registration.
Q: Who needs to file a DNR8204 Surety Bond?
A: Any individual or business that sells watercraft certificates of registration in Ohio needs to file a DNR8204 Surety Bond.
Q: What is the purpose of a DNR8204 Surety Bond?
A: The purpose of a DNR8204 Surety Bond is to provide financial protection to the state and any person who may suffer a financial loss due to the seller's failure to comply with applicable laws and regulations.
Q: How much does a DNR8204 Surety Bond cost?
A: The cost of a DNR8204 Surety Bond may vary depending on the seller's credit history and the bond amount required by the state.
Q: How long is a DNR8204 Surety Bond valid for?
A: A DNR8204 Surety Bond is typically valid for one year from the effective date.
Q: What happens if a seller fails to comply with the laws and regulations related to the sale of watercraft certificates of registration?
A: If a seller fails to comply with the laws and regulations, the state may make a claim against the DNR8204 Surety Bond to recover any financial losses incurred.
Q: Are there any alternatives to obtaining a DNR8204 Surety Bond?
A: In lieu of a DNR8204 Surety Bond, sellers may be able to provide an escrow account or other approved financial security to satisfy the bonding requirement.
Q: Can a seller cancel a DNR8204 Surety Bond?
A: Yes, a seller can cancel a DNR8204 Surety Bond by providing written notice to the surety bond company or insurance agency.
Q: Is a DNR8204 Surety Bond required in all states?
A: No, the DNR8204 Surety Bond is specific to Ohio and may not be required in other states.
Form Details:
- Released on March 1, 2018;
- The latest edition provided by the Ohio Department of Natural Resources;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form DNR8204 by clicking the link below or browse more documents and templates provided by the Ohio Department of Natural Resources.
