Bond Amount
Based on Court Requirement
Underwriting Criteria
Review of the applicant's personal credit and financial strength
Requiring Entity
County of the Superior Court in which the bond is filed
Who is Required to Secure this Bond
A Replevin Bond may be required of a plaintiff who wishes to secure property that is held by the defendant. Replevin is a court action that enables the plaintiff to take back property that is held by the defendant before the trial has commenced. The bond guarantees that the property will remain in the same condition and will not be sold or otherwise disposed of.
Why is the Bond Required
The bond is required to guarantee that the plaintiff will return the property that was obtained through the replevin action, should the court decide in favor of the defendant. Should the court decide in the favor of the defendant, the plaintiff is responsible for all costs and damages that are associated with the removal of the property.
Who is Protected Under this Bond
The bond protects the defendant should the court decide in favor of the defendant. If the court does decide in favor of the defendant, the plaintiff is responsible for any losses incurred by the defendant.
Underwriting Process
In order to issue a Replevin Bond, the following documentation is required:
- Completed Application
- Court order indicating required bond amount, plaintiff names, defendant names and case number
- Confirmation that an attorney is involved with the plaintiff
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 received by the applicant, it must be filed with the court requiring the bond. The bond will remain on file with the court until it is officially released. The applicant must supply court documentation indicating that the liability under the bond has been terminated in order to have the bond cancelled.
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.