(844) 589-9732

New Jersey Replevin Bond

November 3, 2020

The New Jersey replevin bond is required pursuant to Rule 4-61. Up to a $50,000 requirement, our agency offers this bond to you without a prior credit check inquiry. Please call AmeriPro Surety Bonds at 844-589-9732.

New Jersey Replevin Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Replevin bond; Amount and Purpose

 

 

 

An action of replevin and the accompanying order for a replevin surety bond occurs in a civil litigation proceeding.

The Plaintiff, by order of the court, is permitted to seize the disputed property of the Defendant, prior to the final judgment in the underlying case.  

New Jersey statute 4:61-1, as amended, requires the Plaintiff, as a condition of having the ordered implemented, provide a surety bond in the amount that the correct directs.

The purpose of the surety bond, while required of the Plaintiff, is to protect the Defendant from a wrongly issued replevin order, in case such is subsequently decided by the court.  The surety bond also guarantees that any property will be returned, if such is ordered by the court; and that, barring a return, the Defendant can be compensated for the loss and harm caused by a wrongly issued replevin order.

 

 

 

Qualifying and the Premium 

 

 

 

Our agency provides you with the New Jersey replevin bond in the amount that the court requires of you.  

  • If you require a replevin bond up to a $50,000 amount, our agency can typically have you approved without a credit check inquiry;
  • If you require a NJ replevin bond greater than $50,000, a surety bond underwriter review will be required.  This review includes a credit check inquiry.  To be approved at these higher amounts, good credit is also required.  Additional information may also be required as individual applications may warrant.

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

  • A copy of the court order or minutes stating the replevin surety bond requirement.  This order will provide our agency with all of the information needed to be included on your surety bond form;
  • A surety bond application.  The application can be sent to you via DocuSign to facilitate ease of completing;
  • Upon approval of your replevin surety bond, payment of the first annual premium.

Once your replevin surety bond is approved and payment is received, our agency issues your bond to you immediately.  Included with your surety bond will be a Power of Attorney form. We will sign your bond as Surety; you will sign it as Principal.

It will be your duty to file the bond with the respective court (or any legal counsel may do it on your behalf).

 

 

 

Annual Renewal of the Premium

 

 

 

The premium for your New Jersey replevin bond renews annually on the anniversary of your bond’s issuance for as long as the court requires surety.

Premiums paid are earned in full, and no refunds, in full or in part (prorated) are offered.

 

 

 

About Our Agency

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in New Jersey and all 50 states.

Please call our agency today at:

844-589-9732

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