Vehicle Industry Registration Procedures Manual

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Section 24 of 38

Chapter 23: Bonds and Certifications

23.005 Definitions

Acknowledgement—A formal declaration made before an authorized officer, such as a notary public, by the person who executed the instrument, confirming the validity of the person and the signature of such person, and that the person executed the instrument of their own free will.

Affidavit—A written declaration made under oath.

Certification—A written confirmation of a true, accurate, and/or genuine written document.

Penal Sum—The maximum dollar amount for which the surety is liable under the provisions of a bond.