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Affidavit of Surety - Illinois
Affidavit of Surety is a legal document that was released by the Illinois Second Judicial Circuit Court - a government authority operating within Illinois.
FAQ
Q: What is an Affidavit of Surety?A: An Affidavit of Surety is a legal document that guarantees the performance or payment of a certain obligation or debt by a third party, known as the surety.
Q: Who can sign an Affidavit of Surety?A: An Affidavit of Surety can be signed by an individual or a company that agrees to be responsible for another person or organization's obligation.
Q: What is the purpose of an Affidavit of Surety?A: The purpose of an Affidavit of Surety is to provide a guarantee to the recipient that the obligations or debts will be fulfilled.
Q: When is an Affidavit of Surety needed?A: An Affidavit of Surety is often required in situations where a person or organization needs to provide a financial guarantee for a contract, loan, or legal obligation.
Q: Is an Affidavit of Surety legally binding?A: Yes, an Affidavit of Surety is a legally binding document that holds the surety responsible for fulfilling the obligations outlined in the affidavit.
Q: Are there any risks to signing an Affidavit of Surety?A: Yes, signing an Affidavit of Surety means taking on the responsibility for someone else's debt or obligation, so there is a risk of having to fulfill that obligation if the person or organization fails to do so.
Q: Can an Affidavit of Surety be cancelled or revoked?A: In some cases, an Affidavit of Surety can be cancelled or revoked if both parties agree to it or if certain conditions outlined in the affidavit are met.
Q: Can an Affidavit of Surety be used across state lines?A: An Affidavit of Surety may be used across state lines, but it is important to ensure that it complies with the laws and regulations of the state where it will be used.
Q: Do I need a lawyer to sign an Affidavit of Surety?A: Although it is not required, it is recommended to consult with an attorney before signing an Affidavit of Surety to fully understand your obligations and potential risks.
Form Details:
- Released on September 11, 1997;
- The latest edition currently provided by the Illinois Second Judicial Circuit Court;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Illinois Second Judicial Circuit Court.
