Fillable Form Mvr 92d - Indemnity Bond printable pdf download

MVR 92D (Rev. 1/01)

INDEMNITY BOND

(N. C. General Statute 20-76)

NORTH CAROLINA

Bond No ____________

____________________ COUNTY

KNOW ALL MEN BY THESE PRESENTS:

That we ___________________________________________________________________________________, as principal and

(NAME OF APPLICANT)

________________________________________________________________________________________________ a corporation,

(NAME OF SURETY COMPANY)

authorized to do business in the State of North Carolina, and duly licensed by the North Carolina Commissioner of Insurance for the

purpose of making, guaranteeing or becoming sole surety on bonds or undertakings, required or authorized by the State of North

Carolina, as surety, are held and firmly bound to the State of North Carolina, Division of Motor Vehicles, in the sum of

___________________________________ ( ______________________ ), lawful money of the United States of America, for the

payment whereof well and truly to be made, we bind ourselves, our heirs, executors, successors and assigns, jointly and severally,

firmly by these presents.

The condition of the foregoing obligation is such that,

WHEREAS, the above bound principal has made application to the Division of Motor Vehicles for a new motor

vehicle certificate of title to _________________________________________________________________ under Chapter 20 of the

(MAKE OF VEHICLE)

(IDENTIFICATION NUMBER)

General Statutes of North Carolina; and

WHEREAS, the said principal states that he is unable to present a certificate of title to said motor vehicle because the same has

been lost, or is being unlawfully retained by one in possession, or is not otherwise available; and

WHEREAS, the Division of Motor Vehicles has advised said principal that a new certificate of title would be issued upon the fil-

ing of a bond as required by Section 76 of Chapter 20 of the General Statutes of North Carolina; and

WHEREAS, under the terms of said Section a surety bond is required of said principal with good and sufficient

surety, conditioned to indemnify any prior owner or lienholder, any subsequent purchaser of the vehicle or person acquiring any secu-

rity interest therein, and their respective successors in interest, against any expense, loss or damage by reason of the issuance of a new

certificate of title or on account of any defect in or undisclosed interest in the right, title and interest of the principal in and to said

motor vehicle; and

WHEREAS, an action for damages on said bond may be instituted by any person injured by the issuance of the new certificate of

title to said principal;

Bond forms change; this is for educational purposes only.

Form Mvr 92d - Indemnity Bond