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Massachusetts Replevin Bond

October 21, 2020

The Massachusetts replevin bond is required of a Plaintiff when ordered by the presiding court. Our agency offers this bond in whatever amount required; and up to a $50,000 limit, we also do so without a credit check inquiry. Please call us at 844-589-9732.

Massachusetts Replevin Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Replevin Surety Bond; Purpose and Amount

 

 

 

A replevin action occurs when a Plaintiff, in a civil litigation proceeding, is permitted to take possession of the property held by the Defendant, before a final judgment is given in the underlying case.

To protect the Defendant in case the property is subsequently determined to have been wrongly seized, the Plaintiff is required to obtain a surety bond.

In the Commonwealth of Massachusetts, the surety bond is determined by the presiding court and there is no preset amount (for example, some state statutes require the surety bond to be twice the value of the property). Instead, the bond is what the court determines will be a sufficient amount. This is according to Massachusetts Rule 65.2.

According to the same Rule, however, security of some type is required.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the Massachusetts replevin bond includes the following considerations:

  • If you require a replevin bond up to $50,000, our agency approves your without a credit check inquiry;
  • If you require a replevin bond greater than $50,000, approval is granted on the basis of good credit, and the appropriate requested documentation, if requested. Your application will be reviewed by a surety bond underwriter.

Regardless of your replevin surety bond amount, our agency will need the following from you:

  • A copy of the court order or minutes ordering a replevin surety bond;
  • A completed and signed surety bond application. The application can be sent to you via DocuSign for ease of completing;
  • Review of your application subject to the amounts discussed above;
  • Upon approval of your replevin bond, payment of at least the first annual premium.

Once the premium of your bond is received, our agency issues your bond to you immediately. We will sign your bond as Surety. Included with your replevin bond will be a Power of Attorney form.

Upon receipt you’ll sign your bond as Principal and then file it with the presiding court.

 

 

 

Annual Renewal of Your Premium

 

 

 

Your replevin bond’s premium renews annually on the anniversary of its issuance for as long as the court requires surety.

Premium paid are earned in full. There is no refunding or prorating of the premium earned.

 

 

 

About Us

 

 

 

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

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