Up to and inclusive of a $25,000 requirement, AmeriPro Surety Bonds offers you the Maine injunction bond without the delay involved with a credit inquiry review. For greater amounts, upon approval of your good credit or that of your business, the premium will be the same 2% rate. Please call AmeriPro Surety Bonds today at 844-589-9732.
Maine Injunction Bond |
AmeriPro Surety Bonds | 844-589-9732
Maine – The Way Life Should Be…
Maine Injunction for a Civil Proceeding
When you hear the term “injunction” as it relates to a civil court proceeding, you’ll also invariably hear the phrases “preliminary injunction” and “temporary restraining order”.
An injunction bond is typically required by a Plaintiff on behalf of a Defendant(s) in a court proceeding. In very rare instances it is the other way around, that is, the Defendant is required to purchase the bond on behalf of a Plaintiff; however, our agency only offers the surety bond with the Plaintiff as Principal.
The injunction bond is required by a Maine civil court as a guarantee that if it’s subsequently determined that the Plaintiff’s actions against the Defendant were unwarranted or without merit, the Defendant will be able to collect for damages as a result of the injunction.
Qualifying and the Premium
For any Maine injunction bond up to and including a $25,000 surety bond amount, our agency offers this court bond with streamlined processing. What this means for you is that there is no credit check; the bond is issued immediately.
For any injunction bond up to this $25,000 ceiling, what will first be requested are the following:
- A copy of the court order which mandates the Maine injunction surety bond;
- Completion of an application. We will take the application from you verbally over the phone. Much of the information needed will have been supplied when you provide us with a copy of the court order;
- Payment of the premium. The premium is 2% of the bond amount required, with a minimum premium of $100.
Amounts Greater than $25,000
For an injunction surety bond greater than $25,000 — even if by .01 — the following are required:
- A copy of the court order;
- Completion of a short surety bond application; however, the application will also need to be signed by you and a witness;
- Review by an underwriter of your signed and completed application. This review will include a personal or business credit inquiry.
Good credit is required for approval for any injunction bond greater than $25,000; and the premium will be 2% of the surety bond amount.
Review may take anywhere from a few hours to one business day.
Once approval for your bond is given, and payment of the premium received, our agency issues the bond and the Power of Attorney for filing. Upon receipt, you’ll sign your bond as Principal before filing it with the Maine court.
Premium Prepayment Options
The premium associated with your Maine injunction bond is not a onetime payment. Rather, the bond’s premium is paid annually on the anniversary of its issuance for as long as the court requires bond.
Options exist to prepay your bond up to 3 years, which lengthens the time between renewals and saves you money over annual renewals.
Please bear in mind, however, that should you choose this option and your case resolves itself before the next premium due date, refunds are neither provided in full nor are they prorated.
Purpose of Your Surety Bond Requirement
Statutorily, Rule 65 (2) (c) of Maine’s statutes, under the section called Security, states that “…[the injunction bond is] for the payment of such costs and damages as may be incurred or suffered by any party who is found to have been wrongfully enjoined or restrained…” (italicize, ours).
About Us
AmeriPro Surety Bonds is a surety bond-only agency. Our agency provides injunction surety bonds wherever required nationwide.
We are also a provider of license and permit surety bonds in all 50 states.
Please call our agency today at:
844-589-9732
Or, you may fill out the form below and a Surety Agent will contact you…
