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Ohio Injunction Bond

October 19, 2020

The Ohio injunction bond can be required of certain Plaintiffs in a civil litigation proceeding. Our agency offers you this bond in any amount that the court requires; and up to a $25,000 requirement, we also do so without a credit check inquiry. Please call AmeriPro Surety Bonds at 844-589-9732.

Ohio Injunction Bond

AmeriPro Surety Bonds | 844-589-9732

 

Our agency's minimum requirement for an Ohio injunction surety bond is $50,000. 

Surety Bond; Purpose

 

 

 

An injunction, “temporary restraining order”, or preliminary injunction takes place during a civil litigation proceeding.

By order of the court, the Defendant is required to desist from acting in some capacity until a final judgment is given in the underlying court decision.

As a prerequisite for obtaining the injunction, the Ohio court will require that the Plaintiff obtain an injunction surety bond. The amount of surety, according to Ohio Revised Statutes, 3767.04, as amended, will be according to assessed costs and at least the value of the underlying property; or its equivalent value.

While the injunction bond is required of the Plaintiff, its potential benefit is for the adverse party. That is, if the court subsequently determines that the injunction was wrongly issued, the adverse party (i.e. the Defendant) may be compensated for the loss, harm, and damages caused as a result of the (now later discovered, wrongful) issuance of the injunction.

Ultimately, the amount of surety will be decided in an amount deemed sufficient by the presiding court.

 

 

 

Qualifying and the Premium

 

 

 

Our agency provides an Ohio injunction bond in whatever amount required; and up to a $25,000 surety bond requirement, we also do so without a credit check inquiry.

An injunction surety bond requirement greater than $25,000 will require an under writer review and, in some cases, requests for supporting documentation. There will also be a credit inquiry. To be approved, good credit will need to be demonstrated.

Regardless of the amount of your injunction bond required, however, our agency will need the following from you:

  • A copy of the court minutes or court order which states that an injunction is required. This order will also provide our agency with a summation of the underlying. Just as importantly, the order provides us with all of the information to be included on your surety bond;
  • A completed application. The application can be sent to you via DocuSign;
  • Upon approval of your bond, payment of at least the first annual premium.

Once your premium is paid, our agency issues your surety bond and a Power of Attorney form. We will sign your bond as Surety; you will sign it as Principal.

It will then be your responsibility to file the completed surety bond documents with the respective court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your Ohio injunction bond renews annually on the anniversary of the bond’s issuance for as long as the court requires surety.

We ask you to prepare to pay your surety bond premium at least twice: Once when your bond is first issued, and a second time 1 year later.

Premiums paid are earned in full. We don’t offer refunds, either in full or prorated.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, and other surety bonds in Ohio 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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