SFFORMS.COM – SF 28 Form – Affidavit of Individual Surety – The SF 28 Form is an important document for individuals entering into a legal agreement. It is often used by the U.S. Government to ensure that a contract’s terms are fulfilled and that any payment due will be made when due. This form serves as an affidavit of individual surety and can be filed in many different situations, such as providing financial assurance or guaranteeing a performance bond.
Download SF 28 Form – Affidavit of Individual Surety
| Form Number | SF 28 Form |
| Form Title | Affidavit of Individual Surety |
| File Size | 696 KB |
| Date | 02/2021 |
What is an SF 28 Form?
The SF 28 Form is a legal document that is used as proof of an individual’s willingness to act as a surety for an organization or company. In simpler terms, it is a legal agreement between the surety and the organization, wherein the former promises to repay any debts or obligations incurred by the latter. The SF 28 Form also acts as verification of financial responsibility on behalf of the surety.
Moreover, the form requires detailed information about the surety’s personal and financial background. It includes details such as name, contact information, occupation, credit history, net worth and assets, among others. A notary public must witness and authenticate the signature of both parties for validity.
In conclusion, having an SF 28 Form in place can provide security for organizations that require financial support from third-party individuals. By filling out this document accurately and honestly, both parties can protect themselves from potential losses in case of default or breach of contract.
What is the Purpose of the SF 28 Form?
The SF 28 Form, also known as the Affidavit of Individual Surety, is a document that serves as proof of an individual’s financial responsibility for a particular project or contract. This form is typically used in government contracts to ensure that projects are completed on time and within budget. The purpose of the SF 28 Form is to provide evidence that the individual surety has sufficient assets to cover any losses incurred if the contractor fails to complete their work.
In order to use an SF 28 form, an individual must meet certain criteria. They must own property or have sufficient cash assets to cover the full amount of potential losses incurred by non-performance or non-payment by contractors. The surety must also be willing and able to provide documentation proving their financial responsibility upon request.
Overall, the SF 28 Form serves as a safeguard for both government agencies and contractors when entering into agreements. It protects both parties from financial risks associated with incomplete or unsatisfactory work while providing peace of mind that projects will be completed effectively and efficiently within budget constraints.
Where Can I Find an SF 28 Form?
If you are looking for an SF 28 Form, you can easily find it on the official website of United States government forms. The SF 28 form is also known as the Affidavit of Individual Surety, which is used to verify a person’s financial capability to become a surety for a contract. This form is required by the federal government when an individual wants to act as a surety.
The SF 28 Form must be completed accurately and submitted along with other necessary documents. It should include detailed information about the individual applying for surety, such as their personal information and financial status. Filling out this form correctly ensures that individuals meet all requirements and are eligible to act as a surety.
In conclusion, finding an SF 28 Form online is simple and straightforward. By visiting the official website of United States government forms, you can access this document along with instructions on how to fill it out correctly. It’s important to ensure that all details provided in this document are accurate before submitting it for approval.
SF 28 Form – Affidavit of Individual Surety
The SF 28 Form, also known as the Affidavit of Individual Surety, is a legal document used to provide financial security for government contracts. The form must be completed by an individual who agrees to act as a surety, also known as a guarantor or co-signer. This person becomes responsible for fulfilling the terms of the contract if the primary contractor fails to do so.
When completing the SF 28 Form, individuals must provide personal information including their name, address, and social security number. They must also disclose any previous convictions or bankruptcies that may impact their ability to fulfill their obligations as a surety. Additionally, they must provide information about their financial status such as assets and liabilities.
It’s important to note that acting as an individual surety can be risky and should not be taken lightly. Before agreeing to become a surety on a government contract, it’s essential to fully understand the legal obligations and potential consequences involved.
SF 28 Form Example
