North Carolina Garnishment Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
A North Carolina garnishment bond allows you, as plaintiff, prejudgement, to seize the accounts, assets or wages of a Defendant in a civil litigation proceeding.
Unlike a related attachment order, however, when such items are seized, they are held by a third party, not directly by the garnishee (i.e. you, the Plaintiff).
A condition of a garnishment order taking effecting is that you obtain a garnishment surety bond in accordance with North Carolina garnishment law, and as ordered by the presiding court.
While required of you as Plaintiff, the garnishment bond protects the Defendant from the loss and harm caused by a garnishment order in cases where the court either dismisses the garnishment or you lose the final disposition of your case.
Qualifying and the Premium
Our agency offers you the North Carolina garnishment bond in the amount required by the court. Up to a $100,000 surety bond amount, we also do so without a credit check inquiry.
A garnishment bond requirement greater than $100,000 is subject to a further underwriter review of your application. This review process will include a credit check inquiry. To be approved by our agency at an amount greater than $100,000, good credit will be required.
For any garnishment bond in North Carolina, our agency will need the following:
- A copy of the court order stating that a garnishment bond is required and the amount required of you;
- A completed application. Our agency will usually offer you an application via Docusign. This will allow you to complete, sign, and return your application to our agency electronically;
- Review of your completed application, and upon approval, payment of the premium.
Our agency issues your garnishment bond immediately upon receipt of the premium. Accompanying your garnishment surety bond will be a Power of Attorney attorney form which you’ll have the responsibility of filing with the presiding court.
Annual Renewal of the Premium
The premium for your garnishment bond is subject to annual renewals on the anniversary of your bond’s issuance. This may occur for as long as the presiding court requires surety.
Premiums paid are earned in full and are not subject to refunds, either in whole or in part.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, noncontract construction surety, probate, and other surety bonds in North Carolina and all 50 states.
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