Bond Amount
Based on Court Requirement
Underwriting Criteria
Review of application, case circumstances and property involved
Requiring Entity
County of the Superior Court in which the bond is filed
Who is Required to Secure this Bond
The bond is required of a plaintiff who requests that writ of attachment (attachment is the act of seizing property to secure a judgment) be placed on the defendant’s property. The bond is required when a sheriff must attach (legally take) the property of the defendant.
Why is the Bond Required
The bond is required to protect the sheriff against all damages, costs, charges and expenses of any nature that may be sustained by the Sheriff in the process of attaching the property. The plaintiff will be held liable for any loss of liability that occurs in the attachment of the property.
Who is Protected Under this Bond
The bond protects the sheriff who will be attaching the property under the writ of attachment on behalf of the plaintiff. The plaintiff indemnifies the sheriff for all damages, costs, expenses, losses or liability that may occur during the attachment.
Underwriting Process
In order to issue a Indemnity to Sheriff bond, the following information is required:
- Completed Application
- Court order indicating required bond amount, plaintiff names, defendant names and case number.
- Description of the case and the property that is to be attached
Once this information is received, a response as to approval will be provided within 1-2 business days.
What you Need to do Once you Have your Bond
Once the bond has been issued and released to the principal, it must be filed with the court. The court will maintain the bond and determine when the liability has been released.
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.