Kings New York online Form 637 2022-2025

Kings New York online Form 637: What You Should Know

One bond may be issued on one piece of property. Subdivisions/division plans must be submitted by the owner of each property whose interest is being treated or will be treated under the subdivision, subdivision plan, or special-use subdivision. This  may be done by one or more of the following methods: (i) in writing; (ii) by fax to; or (iii) in any other method or by a qualified person as may be established by the county board of assessors. A performance bond, whether in the form of an interest-only bond (i.e., an interest-bearing guarantee, as defined in the Uniform Commercial Code, Chapter 5, Subchapter II, Section 8-102) or a surety bond, shall be issued by a surety authorized to write bonds in one or more of the following jurisdictions: (i) the State of Texas; (ii) any state other than Texas and any county located in this state; (iii) any county located in this state and any state other than Texas; or (iv) the District of Columbia where the principal and interest are not exempt property pursuant to Section 1350 of Title 18 of the United States Code. If the bond issued is a surety bond, the county of issuance shall designate the surety company of record and the name and address of the principal obliged. If the bond is an interest-only guarantee, the county of issuance shall designate the surety company and the name and address of the obliged only if the principal obliged has a bond issued by a surety authorized to write bonds in one or more of the jurisdiction described in paragraph (i)-(iv) of this Subdivision. In all cases of performance bonds, the principal obliged shall have a surety bond in the State of Texas, and the surety shall have a surety bond in one or more of the jurisdictions described in paragraphs (ii)-(iv) of this Subdivision. A bond issued under this section shall be a contract between the county and any officer, agent, or surety, in an amount as may be required to recover for damage to, or loss of, the county or property or both, as the case may be; or it may be an installment agreement.

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