Surety Survivor's Affidavit - New York City (Bengali)

This is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

The document is provided in Bengali.

FAQ

Q: What is a Surety Survivor's Affidavit?
A: Surety Survivor's Affidavit is a legal document used in New York City to transfer responsibility for a surety bond in the event of the surety's death.

Q: What is a surety bond?
A: A surety bond is a guarantee provided by a third party (surety) to ensure that the obligations of a contract or agreement will be fulfilled.

Q: Who can use a Surety Survivor's Affidavit?
A: Anyone who is named as the successor surety in a bond and wants to assume the responsibilities can use a Surety Survivor's Affidavit.

Q: What information is required in a Surety Survivor's Affidavit?
A: A Surety Survivor's Affidavit typically requires information such as the bond number, the name of the deceased surety, and the name and contact information of the successor surety.

Q: Is there a fee for filing a Surety Survivor's Affidavit?
A: Yes, there is a filing fee for submitting a Surety Survivor's Affidavit. The fee amount may vary, so it's best to check with the New York City Comptroller's Office for the current fee schedule.

Q: What happens after submitting a Surety Survivor's Affidavit?
A: Once the Surety Survivor's Affidavit is submitted and processed, the successor surety becomes responsible for fulfilling the obligations of the original surety bond.

Q: Can I use a Surety Survivor's Affidavit for any type of bond?
A: A Surety Survivor's Affidavit is specific to surety bonds issued by the City of New York. It may not be applicable to other types of bonds or jurisdictions.

Q: Can I revoke a Surety Survivor's Affidavit?
A: In general, a Surety Survivor's Affidavit is binding and cannot be easily revoked. It is important to carefully consider the responsibilities and obligations before assuming them.

Q: Is a Surety Survivor's Affidavit the same as a power of attorney?
A: No, a Surety Survivor's Affidavit is not the same as a power of attorney. A power of attorney grants broader legal authority, while a Surety Survivor's Affidavit specifically transfers the obligations of a surety bond.