Lake Stevens, WA · Snohomish County
Assignment of Bank Account for Security Mechanism
Developers use this form to assign deposited bank funds to the City of Lake Stevens as security for performance, maintenance, or completeness obligations tied to a development.
- licensed online notary
- ~15 min average
- Notarized PDF emailed
What you’ll need
- Government-issued photo ID
- Webcam-enabled device (laptop or phone)
- This form, ready to upload as a PDF
What this form is
The form assigns a specified amount in a bank account to the City as security for development-related obligations and sets out how the funds may be used if the developer defaults. The developer and bank provide information and signatures, and the City accepts the assignment. Use it when the City requires a bank-account security mechanism for performance, maintenance, or completeness purposes.
Who needs it
A developer required to provide bank-account security to the City of Lake Stevens for development obligations, together with the bank representative signing the assignment.
Why it needs a notary
The form includes acknowledgment blocks for a principal signing as an individual or entity representative and a surety corporation representative; each applicable signer appears before the notary.
How to get this notarized
- 1
Download the Form
Download the Assignment of Bank Account for Security Mechanism from the City of Lake Stevens.
- 2
Fill In the Details
Enter the developer, assigned amount, bank account details, security purpose, development information, and obligation schedule.
- 3
Book an Online Notary
Schedule an appointment with a commissioned online notary and identify all signers who need notarization.
- 4
Sign on Video
Show identification and sign the applicable acknowledgment block during the online notary session.
- 5
Submit to the City
Provide the signed assignment to the City of Lake Stevens and coordinate any bank signatures or acceptance required.
Preview the form
The blank PDF straight from Lake Stevens. Look it over, then upload your filled copy to start the notary session.
You’ll need ID and a webcam.
A licensed online notary will join you on video, verify your government-issued ID, witness your signature, and apply their seal. You’ll receive the notarized PDF by email when the session ends.
Frequently asked questions
- How do I get this assignment notarized online?
- Complete the form, then book with a commissioned online notary. Applicable signers appear on video, verify their identities, and sign during the notarization.
- Do I need to notarize every signature?
- The form provides acknowledgment blocks for the principal and a surety corporation representative. Check which blocks apply to your signing parties, and confirm with the city or town if unsure.
- Can this form be notarized remotely?
- Yes. Washington authorizes its notaries to perform remote online notarizations under RCW 42.45.280. An authorized officer performing a notarial act in another state has the same effect under RCW 42.45.090.
- What should I bring to the online appointment?
- Have the completed form, valid identification, and the information needed to complete the applicable acknowledgment. Do not sign the acknowledgment section before meeting the notary.
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