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Form 440-5650 Surety Bond - Oregon
What Is Form 440-5650?
This is a legal form that was released by the Oregon Department of Consumer and Business Services - Division of Financial Regulations - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 440-5650?
A: Form 440-5650 is a Surety Bond used in the state of Oregon.
Q: What is a Surety Bond?
A: A Surety Bond is a legal agreement meant to provide financial protection to one party if another party fails to fulfill their obligations.
Q: Who uses Form 440-5650?
A: Form 440-5650 is used by businesses or individuals in Oregon who are required to provide a Surety Bond as part of their licensing or permit requirements.
Q: What is the purpose of Form 440-5650?
A: The purpose of Form 440-5650 is to ensure that the bonded party complies with the applicable laws and regulations and compensates any damages or losses caused to others.
Q: What information is required on Form 440-5650?
A: Form 440-5650 typically requires information such as the name and address of the bonded party, the bond amount, and the effective dates of the bond.
Q: Are there any fees associated with Form 440-5650?
A: Yes, there are usually fees associated with obtaining Form 440-5650. The fees may vary depending on the bond amount and the surety bond company.
Q: How long is Form 440-5650 valid for?
A: The validity period of Form 440-5650 can vary depending on the specific requirements of the licensing or permit authority. It is best to check with the relevant authority for the specific duration.
Q: What happens if the bonded party fails to fulfill their obligations?
A: If the bonded party fails to fulfill their obligations, a claim can be made against the Surety Bond. The surety bond company will then investigate the claim and may provide compensation to the affected party.
Q: Can the Surety Bond be canceled?
A: Yes, the Surety Bond can usually be canceled or terminated. However, the process and any associated fees may vary depending on the specific terms of the bond and the surety bond company.
Form Details:
- Released on March 1, 2022;
- The latest edition provided by the Oregon Department of Consumer and Business Services - Division of Financial Regulations;
- 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 fillable version of Form 440-5650 by clicking the link below or browse more documents and templates provided by the Oregon Department of Consumer and Business Services - Division of Financial Regulations.
