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Iowa Temporary Restraining Order Bond

May 27, 2020

The Iowa temporary restraining order bond is required of a Plaintiff, on behalf of a Defendant(s) in a litigation proceeding. The bond's benefit is for the Defendant(s) and is required by the presiding Court as a condition of granting the TRO. Please call AmeriPro Surety Bonds at 844-589-9732.

Iowa Temporary Restraining Order Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond & Purpose

 

 

 

A temporary restraining order bond is a type of preliminary injunction bond. The surety bond is required of a Plaintiff in a civil proceeding as a condition of obtaining the restraining order against a Defendant(s).

While this surety bond (referred to as a TRO bond) is required of the Plaintiff, its benefit is for the Defendant(s), in case the court subsequent determines, after the issuance of the bond and upon further learning of facts not known at the time of the issuance, that the TRO should not have been issued.

Because of the financial harm and loss caused to the Defendant(s) for a TRO wrongly issued, the bond serves as a guarantee of financial recompense for the harm or loss caused.

TRO surety bonds in Iowa may be given ex parte, that is, without the presence of the adverse party.

Iowa legislative Code 252C.8 discusses the circumstances under which a TRO surety bond might be issued.

 

 

 

Qualifying and the Premium

 

 

 

Up to and inclusive of a $25,000 Iowa temporary restraining order bond requirement, our agency provides this bond to you immediately after completion of an application and providing us with a court document.

In addition to the court documents and completing an application, an IA TRO surety bond greater than $25,000 requires a review by an underwriter along with a credit check evaluation.

Approval for amounts greater than $25,000 is contingent upon having good and satisfactory credit; we will not be able to help you otherwise.

Upon approval of your surety bond and payment of the premium, your bond and a Power of Attorney form are issued to you for filing.

We sign you bond as Surety; you will sign it as Principal and thereafter have your completed documents filed with the respective Court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your Iowa TRO surety bond is not a onetime payment; it renews annually on the anniversary of your bond’s issuance for as long as the Court requires surety.

Options exist to prepay your bond’s premium up to 3 years, which offers you a savings over annual renewals. However, should your bond be exonerated by the Court during the bond term, no refunds or prorating is offered.

Premiums once paid are earned in full.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Iowa and all 50 states.

Please call our agency today at:

 

844-589-9732

 

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