Form CFT IT 8. Schedule Bond - Illinois

Form CFT IT 8 - Schedule Bond serves as a document for individuals or companies to post a bond as required by the Illinois Secretary of State for certain vehicle-related transactions or activities. This form is used to provide a financial guarantee to the state that the party will fulfill their obligations.

An example scenario where this form would be used is when an individual or company wants to apply for a vehicle dealer license. As part of the application process, they may be required to post a bond to ensure compliance with laws and regulations. By submitting this form along with the appropriate bond amount, they can satisfy the bonding requirement.

Form Structure

This form involves the individual or company applying for a vehicle-related license or conducting certain activities, and it's structured with sections for identifying information, bond details, and certification by the applicant.

How to Fill Out and submit the Form

To fill out this form, the applicant needs to provide their personal or company information, such as name, address, business type, and contact details. They must also indicate the bond amount they are submitting. Once the form is completed, it can be submitted along with the bond to the Illinois Secretary of State's office.

While completing the form, remember to review the specific bonding requirements and regulations relevant to the particular vehicle-related transaction or activity. It is also important to consult the Illinois Secretary of State's guidelines or contact their office for any additional documents or information needed for the bonding process.