Request For Bond Form - Pennsylvania
ADVERTISEMENT
1
2C
C
O
O
M
M
M
M
O
O
N
N
W
W
E
E
A
A
L
L
T
T
H
H
O
O
F
F
P
P
E
E
N
N
N
N
S
S
Y
Y
L
L
V
V
A
A
N
N
I
I
A
A
DEPARTMENT OF STATE
STATE BOARD OF CERTIFIED REAL ESTATE APPRAISERS
P. O. BOX 2649
HARRISBURG, PENNSYLVANIA 17105-2649
717-783-4866
BOND #_________________________
BOND
KNOW ALL PERSONS BY THESE PRESENTS, that the application
FF
FOR_____________________________________________________________________________
_______
Name of Appraisal Management Company
with business located at
________________________________________________________________________________________________
Street
________________________________________________________________________________________________
City
State
Zip Code
as PRINCIPAL, and ______________________________________________ with a Certificate of Authority from the
Name of Surety Company
Pennsylvania Department of Insurance and located at
________________________________________________________________________________________________
Street
________________________________________________________________________________________________
City
State
Zip Code
as SURETY, are held firmly bound unto the Commonwealth of Pennsylvania in the sum of $20,000 (Twenty Thousand Dollars)
lawful money of the United States of America, to be made payable to the said Commonwealth, for the use of the
Commonwealth, its attorney or assigns, or any person or persons who may have a cause of action under the Appraisal
Management Company Registration Act to which payment will and truly to be made, we do hereby bind ourselves, jointly and
severally our heirs, executors, administrators, successors and assigns firmly by these presents.
This agreement will
continue in effect until written notification of cancellation by surety.
SIGNED, SEALED AND DELIVERED THIS ____________ DAY OF _____________________________ 20 ________
WHEREAS, the above-bounded Principal desires to operate or conduct the business of
_______________________________________________________________________________________________
Appraisal Management Company
within the Commonwealth in accordance with the provisions of the
Appraisal Management Company
Registration Act and the rules and regulations adopted under and pursuant thereto.
NOW, THEREFORE, the condition of this obligation is such that if upon and after issuance of such
registration the above-bounded Principal shall fully and faithfully observe the provisions of all the laws of this
Commonwealth and the rules and regulations promulgated by the State Board of Certified Real Estate Appraisers
as a registrant then this obligation shall be void; otherwise, it shall remain in full force, virtue and effect.
And, the obligors, jointly and severally, for themselves, their heirs, executors, administrators, successors and
assigns, do agree with the Commonwealth that upon violation of the said Act, and the rules and regulations
promulgated by the State Board of Certified Real Estate Appraisers, or the applicable rules and regulations of the
Department, Board or Commission of the Commonwealth thereunder or of any laws of this Commonwealth, and
upon the revocation of the registered and upon forfeiture of the bond, aforesaid, or upon the recovery of a
judgment and in execution of that judgment on the bond, as specified at §13(c) of the Act, for any such violation
during the continuance of such registration, the full amount of this bond shall be due and payable.
And we, and each of us, do hereby confess judgment against us and each of us for the penal sum of
$20,000 (Twenty Thousand Dollars), with cost of suit and release of all errors, without stay of execution, waiving
inquisition and condemnation of any real estate, and we, and each of us, do hereby waive the benefit of any law
or laws now in force, or which may hereafter become a force exempting property from levy and sale upon
execution, and we do hereby empower any attorney, or the Prothonotary, of any Court of Record within this
Commonwealth or elsewhere, to appear for us and each of us, to confess judgment as expressed, and for the
entering of such judgment and so doing this shall be sufficient warrant; a copy of bond being filed in said action,
it shall be necessary to file the original as a warrant, any law or rule of Court notwithstanding.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial