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Affidavit Of Surety for Malaysia

Affidavit Of Surety Template for Malaysia

An Affidavit of Surety is a legally binding sworn statement used in Malaysia where an individual formally declares their willingness and capability to act as a guarantor for another party's obligations. This document, governed by Malaysian law including the Contracts Act 1950 and Rules of Court 2012, requires formal verification by a Commissioner for Oaths and must include detailed information about the surety's financial capacity, personal background, and understanding of their obligations. It serves as a crucial document in various contexts, from financial transactions to immigration matters and court proceedings.

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What is a Affidavit Of Surety?

The Affidavit of Surety is a fundamental legal instrument in Malaysian jurisprudence, used when one party needs to formally guarantee the obligations of another. This sworn statement, executed under Malaysian law, is commonly required in various situations including bail applications, immigration sponsorships, financial guarantees, and educational loans. The document must comply with strict legal requirements under Malaysian legislation, including proper execution before a Commissioner for Oaths. An Affidavit of Surety typically contains comprehensive information about the surety's financial status, employment, assets, and relationship to the principal debtor, serving as evidence of the surety's capacity and commitment to fulfill their obligations if called upon.

What sections should be included in a Affidavit Of Surety?

1. Title and Heading: Formal title of the document, court details if applicable, and case reference numbers

2. Deponent Details: Full legal name, NRIC number, occupation and address of the person making the affidavit (the surety)

3. Introduction: Formal opening statement declaring that this is a sworn statement

4. Personal Background: Details about the surety's age, citizenship, and relationship to the principal debtor

5. Financial Capacity: Declaration of employment, income, assets and liabilities to demonstrate ability to act as surety

6. Understanding of Obligations: Clear statement that the surety understands their legal obligations and potential liabilities

7. Declaration of No Impediments: Statement that there are no legal impediments to acting as surety

8. Verification: Statement verifying that all information provided is true and correct

9. Attestation: Space for signature, commissioner for oaths details and official seal

What sections are optional to include in a Affidavit Of Surety?

1. Additional Sureties: Required when multiple sureties are involved, detailing their joint and several liability

2. Property Details: Needed when specific property is being offered as security

3. Criminal Record Declaration: Required in cases involving bail or criminal matters

4. Immigration Status: Necessary when the surety involves immigration matters or foreign nationals

5. Previous Suretyships: Declaration of any existing suretyships or guarantees, required when relevant to assess total liability

What schedules should be included in a Affidavit Of Surety?

1. Financial Statement: Detailed statement of assets and liabilities

2. Property Documents: Copies of property ownership documents if property is offered as security

3. Income Proof: Salary slips, tax returns or other income verification documents

4. Identity Documents: Copies of NRIC, passport or other identification documents

5. Character References: Letters from employers or other relevant character references where required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions




















Clauses














Relevant Industries

Legal Services

Banking and Finance

Immigration

Real Estate

Criminal Justice

Education

Insurance

Construction

Government and Public Sector

Relevant Teams

Legal

Compliance

Risk Management

Corporate Secretarial

Administrative Services

Document Management

Regulatory Affairs

Credit Administration

Operations

Relevant Roles

Legal Counsel

Corporate Secretary

Compliance Officer

Risk Manager

Immigration Officer

Court Registrar

Bank Manager

Credit Officer

Legal Administrator

Bond Manager

Judicial Officer

Commissioner for Oaths

Document Controller

Legal Operations Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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