Arizona Replevin Bond | AmeriPro Surety Bonds
Surety Bond; Purpose And Amount of Surety
In a civil litigation proceeding, a replevin action allows the Plaintiff to seize the disputed property of a Defendant(s) in a court proceeding. This seizure of the property occurs before a final court judgment takes place.
In order to protect the Defendant(s) in case the court subsequently determines that no replevin order should have been issued, the Plaintiff is required to obtain a surety bond. This surety bond will protect the Defendant(s) from any harm or loss caused due to the (subsequently determined) wrongful issuance of a replevin order.
According to Arizona Revised Statutes 12-1303, the amount of the Arizona replevin bond will be twice the amount of the value of the property as stated in the affidavit.
Qualifying and the Premium
Our agency can provide you with the Arizona replevin surety bond in the amount that you are required to obtain. Up to a $50,000 surety bond requirement, we also provide this bond without a credit check.
What this means for you is that you will be automatically approved for the bond’s issuance, after providing us with other documentation needed (as listed below).
Amounts greater than $50,000, are approved upon review of your surety application by a surety underwriter. Approval for these higher amounts is predicated on the determination of good credit. Additionally, if the amount required is especially high, you may be asked to provide additional information. This typically means some form of a financial statement or documents.
Regardless of the amount of your AZ replevin bond requirement, our agency will need the following from you:
- A copy of the court order which states the amount of replevin surety bond required. This order will also provide our agency with other needed information that will be included on your surety bond;
- A completed and signed surety bond application. To facilitate ease and timely completion of the application, our agency can have the application sent to you by DocuSign for completion;
- Upon approval of your surety bond application, payment of the first annual premium.
Your replevin surety bond and a Power of Attorney form are issued immediately after receipt of the first annual premium.
Our agency will sign your bond as Surety; you (or for legal counsel, your client) will sign your bond as Principal. Thereafter you’ll file your surety bond and POA form with the presiding court.
Time frame for the filing of your replevin surety bond are statutorily required as per Arizona Revised Statutes 12-1305, amended.
Annual Renewal of Your Replevin Bond Premium
Your replevin surety bond premium renews annually on the anniversary of the bond’s issuance for as long as the court requires surety.
Premiums paid are earned in full and no full or prorated refunds are offered.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide replevin, license and permit, and other surety bonds in Arizona and all 50 states.
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