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Bonds for Judicial Proceedings


Bonds for judicial proceedings may be required for those seeking certain remedies in state or federal court. These bonds fall into two broad classifications:

Plaintiff Bonds

A plaintiff bond guarantees payment of damages suffered if an action is decided in favor of a defendant. The court determines the amount of a plaintiff bond. Attachment, replevin and sequestration bonds are plaintiff bonds.

Defendant Bonds

A defendant bond guarantees payment of damages suffered if an action is decided in favor of the plaintiff. The court determines the amount of a defendant bond. Defendant replevin, supersedeas, appeal and release of attachment are examples of defendant bonds. Defendant bonds often require up to 100% collateral.

Bonds for judicial proceedings require a signed application, indemnity and good credit history.

This table shows maximum rates for uncollateralized bonds. Rates may vary based upon financial review.

Type of Bond Rates
Per $1000
Minimum Annual Premium Required
Underwriting
Information
All Bonds Bonds Exceeding $5,000
Attachment, Replevin, Sequestration $25 $100 A,B C and/or D
Certiorari, Appellate Costs Only $10 $100 A,D
Foreclosure Proceedings (Plaintiff) $20 $100 A,B,C and/or D
Court Costs $10 $100 N/A A,D
Condemnation $5 $100 A,B,C D
Injunction $25 $100 A,B,C D
Discharge of Attachment $25 $100 A,B,C and/or D
Discharge of Injunction $25 $100 A,B,C and/or D
Discharge of Mechanics Lien $25 $100 A,B,C and/or D
Stay of Execution $25 $100 A,B,C and/or D
Release of Garnishment $25 $100 A,B,C and/or D
Appeal, Supersedeas $25 $100 A,B,C and/or D

Underwriting Key

A. Complete Short Form Application
B. Copy of Summary Judgment
C. Corporate Financial Statement
D. Personal Financial Statement