As Plaintiff or legal counsel in a Commonwealth of Massachusetts civil court matter, you may have recently been informed of the need to obtain an injunction bond as a prerequisite for the continuance of your legal proceedings.
Typically, the terms “preliminary injunction”, and “temporary restraining order” are frequently used in connection with this court-mandated requirement.
The idea behind the injunction bond is that since you, as Plaintiff, are enjoining a Defendant(s) from some act, the court wishes to protect the Defendant(s) in case it is later determined that your injunction (that is, the restraining order) against them was without merit.
Therefore, while this bond is required of you as Plaintiff, its benefit is for the loss or harm to any Defendant(s) should that be subsequently determined during the court proceeding. Rule 65 will provide more detail as to the legal justifications for this surety requirement.
The court will determine the amount of injunction surety bond required; there is no specific formula of which our agency is aware.
Our agency can provide you with the Massachusetts injunction bond in any amount required. Up to and inclusive of a $25,000 surety bond amount, we offer you the additional advantage of obtaining this bond without a credit inquiry.
Regardless, however, of the amount required, we’ll always need the following:
To be approved for injunction surety bond greater than $25,000, good credit is required.
Approval for your injunction bond will have a premium of 2%, or $100, whichever amount is greater. Upon payment of the premium, your bond and a Power of Attorney form are issued to you for signing and filing with your respective court.
The premium associated with your Massachusetts injunction bond is not a onetime payment. The premium will renew on the anniversary of your bond’s issuance, and must be paid to remain in compliance with the Court Order for as long as this is required.
Options exist to prepay your bond up to 3 years (plan to pay for it at least twice --- once upon the initial purchase; and then again after the first year).
Prepayment offers you a savings over annual renewals. However, should your case be resolved within the bond term, neither a full or prorated premium is offered.
Temporary Restraining Order Surety Bond
In case your case requires a TRO surety bond, know that we offer this bond for Plaintiffs as well, subject to the same underwriting procedures mentioned above.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide Court surety bonds throughout the Commonwealth of Massachusetts.
As an online provider and aggregator of surety bonds, we also provide surety bonds nationwide.
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