Form GEN-BR Surety Bond Rider - Tax Liability Rider or Name Change Rider - North Carolina

What Is Form GEN-BR?

This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Surety Bond Rider?
A: A Surety Bond Rider is a legal document that amends or modifies the terms of an existing surety bond.

Q: What is a Tax Liability Rider?
A: A Tax Liability Rider is a type of Surety Bond Rider that covers any tax liabilities that may arise from the bonded individual or entity.

Q: What is a Name Change Rider?
A: A Name Change Rider is a type of Surety Bond Rider that allows for the change of the named individual or entity on the bond.

Q: What is the purpose of a Surety Bond Rider?
A: The purpose of a Surety Bond Rider is to make changes to the original bond agreement such as adding coverage or modifying the terms.

Q: How does a Surety Bond Rider work?
A: A Surety Bond Rider works by attaching the rider document to the original surety bond, thereby making the agreed-upon changes legally binding.

Q: Is a Surety Bond Rider required in North Carolina?
A: Yes, a Surety Bond Rider may be required in North Carolina for certain types of bonds.

Q: How much does a Surety Bond Rider cost?
A: The cost of a Surety Bond Rider can vary depending on factors such as the type of rider and the bond amount.

Q: Can I cancel a Surety Bond Rider?
A: Yes, in most cases, a Surety Bond Rider can be cancelled by following the cancellation provisions outlined in the rider document.

Q: What happens if I don't have a Surety Bond Rider when it is required?
A: If a Surety Bond Rider is required and not obtained, it may result in the invalidation of the original surety bond.

Q: Can I make changes to a Surety Bond without a Rider?
A: No, any changes to the terms of a surety bond must be made through a Surety Bond Rider.

Q: Do I need to renew a Surety Bond Rider?
A: The need to renew a Surety Bond Rider will depend on the specific terms outlined in the rider document.

Q: What other types of Surety Bond Riders are available?
A: Other types of Surety Bond Riders may include coverage for performance bond extensions, limit increases, or other modifications.

Q: Is a Surety Bond Rider the same as a Surety Bond?
A: No, a Surety Bond Rider is a document that modifies an existing surety bond, while a Surety Bond is the original contract that provides the required bond coverage.