(844) 589-9732

New York Garnishment Bond

March 29, 2021

A New York garnishment bond allows a plaintiff to seize the bank account, assets, or wages of a defendant, prejudgment, to be held by a third party. AmeriPro Surety Bonds offers this bond up to a $100,000 without a credit check. Please call us today at
844-589-9732.

New York Garnishment Bond | AmeriPro Surety Bonds

844-589-9732

 

Surety Bond; Amount and Purpose

 

A New York garnishment bond is a court-ordered surety bond required of a plaintiff in a civil litigation proceeding.

It is like a writ of attachment in that procurement of the garnishment surety bond allows you to seize the defendant, prejudgment.

These items may be the property, assets, accounts, or wages of the adverse party.

The main distinction between a garnishment bond and a writ of attachment is that with the former, the seized assets are held by a third party; an attachment allows you as plaintiff to take possession of the same.

The New York Consolidated Practice Laws and Rules (CPLR) §6201 requires that this bond will be no less than $500; though in the practical order, it will likely be much higher.  The court will determine the amount of surety bond required of you.

 

Qualifying and the Premium

 

Our agency offers you the New York garnishment bond up to a $100,000 surety bond requirement without a credit check.

A garnishment bond with a requirement greater than $100,000 is subject to review by a surety bond underwriter.  This review will include a credit inquiry (good credit will be required).

Additionally, you may also be asked to provide supporting information or documentation as requested for underwriting purposes. 

For any NY state garnishment bond, our agency will need the following from you:

  • A copy of the court order stating that a garnishment surety bond is required; 
  • A completed surety bond application.  Typically, we’ll provide this application to you via Docusign.  This will allow you to complete, sign, and return the application to our agency electronically;
  • Review and underwriting of your completed application;
  • Upon approval, payment of the premium.

 

Issuing Your Garnishment Bond

 

Our agency issues your garnishment bond immediately upon payment of the premium.  The original documents are then mailed to you for signing and filing with the New York court.

Included with your surety bond will be a Power of Attorney form which you’ll also file.

 

Annual Renewal of the Premium

 

The premium for your garnishment bond is subject to annual renewals for as long as the court requires surety.  Premiums renew on the anniversary of your bond’s issuance.

Premiums paid are earned in full and are not subject to refunds.

 

About Us

 

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

 

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

BE IN TOUCH

CONTACT US