Form DMM-107 Surety Bond Form - Virginia

What Is Form DMM-107?

This is a legal form that was released by the Virginia Department of Mines, Minerals and Energy - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DMM-107?
A: Form DMM-107 is the Surety Bond Form used in Virginia.

Q: Who uses Form DMM-107?
A: Surety bond providers and individuals or companies submitting surety bonds in Virginia use Form DMM-107.

Q: What is a surety bond?
A: A surety bond is a legal agreement where a surety guarantees the fulfillment of a specific obligation, usually related to financial or performance matters.

Q: Why is Form DMM-107 important?
A: Form DMM-107 ensures that the surety bond being submitted in Virginia meets the required standards and provides necessary information about the bond.

Q: What information is required in Form DMM-107?
A: Form DMM-107 requires information such as the bond amount, name and address of the surety, and the name of the principal or entity being bonded.

Q: Are there any fees associated with Form DMM-107?
A: Yes, there may be fees associated with submitting a surety bond using Form DMM-107. The specific fees can vary.

Q: Can Form DMM-107 be submitted electronically?
A: Yes, Form DMM-107 can be submitted electronically in some cases. However, it is important to check with the Virginia DMV for their specific requirements.