Form Mv-994 - Bond Under Section 2105 (D) Of The New York State Vehicle And Traffic Law

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BOND UNDER SECTION 2105 (d) OF THE NEW YORK STATE

VEHICLE AND TRAFFIC LAW

dmv.ny.gov

KNOW ALL MEN BY THESE PRESENTS:

That I/we _______________________________________________________ , of ______________________________________________ ,

(Name)

(City)

_________________________________ , as Principal and

________________________________________________________________ ,

(State)

(Name of Surety Company)

of ________________________________________________ , ________________________ , a corporation organized and existing under the

(City)

(State)

laws of the State of _____________________________________________ and authorized to do business in the State of New York, as Surety,

is/are held and firmly bound unto the Commissioner of Motor Vehicles, and successors in office, as trustees for the benefit of those who

have incurred expense, suffered loss or damage, including reasonable attorney fees, by reason of the issuance of a Certificate of Title on a

_______________

______________________________

___________________________________________________ or on account

(Year)

(Make)

(Identification Number)

of any defect in or undisclosed security interest upon the right, title and interest of the said ________________________________________

(Principal)

____________________________ in and to the aforesaid vehicle in the sum of _____________ dollars for the payment of which sum I/we do

bind myself/ourselves, my/our heirs, executors, administrators, and assigns, and each and every of them, firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH THAT:

WHEREAS, the said ____________________________________________________________________ has applied for a Certificate of Title

(Principal)

for the said ________________

_______________________________

__________________________________________________

(Year)

(Make)

(Identification Number)

and has been required by the Commissioner of Motor Vehicles to furnish indemnity pursuant to the Uniform Motor Vehicle Certificate of Title

Act, Title X Article 46, of the New York State Vehicle and Traffic Law or amendments thereof and

WHEREAS, said Obligor(s) has/have undertaken, and do hereby agree to pay, all legal liability of said principal for any damage suffered by

reason of the issuance of a Certificate of Title on said vehicle or on account of any defect in or undisclosed security interest upon the right, title

and interest of the said _____________________________________________________ in and to the said vehicle not exceeding said sum of

(Principal)

of _____________________ dollars.

NOW THEREFORE, if said Obligor(s) shall pay all legal liability as aforesaid, or be otherwise absolved from paying under the provisions of

said New York State Vehicle and Traffic Law aforesaid, then this obligation shall be void, but otherwise to be and remain in full force and

effect.

IN WITNESS WHEREOF, the said Obligor(s) has/have signed and sealed this instrument on the

___________________________ day of ____________________________ in the year of _____________.

______________________________________________

____________________________________________

(Seal)

(WITNESS SIGNATURE)