Losing an important document can have significant legal or financial consequences. Whether it’s a share certificate, a bond, or any other valuable document, its replacement often requires the presentation of a surety bond.
Lost document surety bonds serve to guarantee to issuers or financial institutions that, if the original document resurfaces or if fraud occurs, the concerned parties will be protected against any financial loss.
Obtaining this type of bond is often a prerequisite for the official replacement of the lost document. It acts as protection for the issuer but also as proof of good faith on your part. With their expertise, the professionals at J. Gérard Fortin & Associates assist you in assessing the situation, identifying requirements, and helping you obtain the appropriate bond quickly and efficiently.
The choice of surety bond depends on the type of lost document and the specific requirements of the issuing institution. In all cases, this bond aims to ensure that the person requesting a replacement is legitimate and that no risk remains if the original document reappears.
Our experts will guide you in selecting the most appropriate solution based on the nature of the lost document and the value to be guaranteed.
When a share certificate or bond is lost, the surety bond assures the issuer that they will not be held liable if the document reappears and a claim is made.
In some cases, a certified cheque, bank draft, or bill of exchange may be lost before being cashed. The surety bond allows the institution to reissue a new payment while being protected against double payment.
Documents such as licenses, permits, or letters patent may require a surety bond before being reissued, especially if they are associated with rights or financial value.
Certain notarized deeds or certificates with legal or estate implications may also require this type of guarantee in case of loss to prevent future disputes.
Yes, in most cases, an affidavit of loss is required. This document confirms the circumstances of the loss and is often necessary to complete the bond application.
The timeframe can vary depending on the complexity of the file and the value of the document to be guaranteed. Generally, the process can be completed within a few business days, especially if all required information is readily available.
It is important to immediately notify the issuer of the document as well as the surety company. Depending on the situation, the bond may need to be canceled or adjusted.