Maine - The Way Life Should Be...
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.
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:
For an injunction surety bond greater than $25,000 --- even if by .01 --- the following are required:
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.
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.
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).
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:
Or, you may fill out the form below and a Surety Agent will contact you...