AFFIDAVITS of INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

Understanding the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

The AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89 is a legal document used primarily in the context of federal contracting. This form is essential for individuals who wish to act as sureties on bonds for government contracts. It serves to affirm the financial responsibility and credibility of the sureties involved, ensuring that they can fulfill the obligations set forth in the contract. The form requires detailed information about the sureties, including personal and financial data, to assess their suitability for the role.

Steps to Complete the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

Completing the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89 involves several key steps:

• Gather necessary personal information, including full names, addresses, and social security numbers of the sureties.
• Compile financial documentation to demonstrate the sureties' ability to meet bond requirements.
• Fill out the form accurately, ensuring all sections are completed and signed by the sureties.
• Review the completed form for accuracy and completeness before submission.

Legal Use of the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

This affidavit is legally binding and must be used in compliance with federal regulations. It is primarily utilized in situations where individuals are providing surety bonds for government contracts. The form ensures that the sureties are legally accountable for the obligations they are undertaking. Misrepresentation or failure to comply with the requirements outlined in the form can result in legal repercussions for both the surety and the contractor.

Key Elements of the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

Understanding the key elements of the form is crucial for proper completion:

• Surety Information: This section includes the names and addresses of the sureties.
• Financial Statements: Sureties must provide evidence of their financial stability, often through bank statements or tax returns.
• Signature: All sureties must sign the affidavit, affirming the truthfulness of the information provided.
• Witness or Notary: A witness or notary public may be required to validate the signatures on the form.

Obtaining the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

The form can typically be obtained through official government websites or designated contracting offices. It is important to ensure that the most current version of the form is used, as outdated forms may not be accepted. Individuals can also request the form directly from the contracting agency involved in the project for which the surety is being provided.

Examples of Using the AFFIDAVITS OF INDIVIDUAL SURETIES DA FORM 1622 1 R, JUL 89

Common scenarios where this form is utilized include:

• When an individual is acting as a surety for a construction contract with a federal agency.
• In cases where personal sureties are required for service contracts involving government entities.
• For individuals looking to provide surety bonds for procurement contracts.