Pennsylvania Writ of Seizure Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Amount and Purpose
A Pennsylvania writ of seizure bond allows you as plaintiff in a civil litigation proceeding, to seize and take possession of the disputed property of the defendant, prejudgment.
According to commonwealth law as detailed in 231 Pa. Code Rule 1075.3, the amount of the surety bond should be double the value of the property to be seized. The court will – or has – determined the exact amount of surety required.
While the bond is required of you (or, for legal counsel, your client), its benefit is for the defendant, in case the court later determines that the writ of seizure was wrongly issued.
If such is the subsequent determination of the court, the surety bond guarantees that the defendant can be compensated for the loss and harm caused as a result of the wrongly issued writ of seizure.
In other states, this court action is more commonly referred to as an ‘attachment’, ‘writ of attachment’, or ‘plaintiff’s attachment bond’.
Qualifying and the Premium
Our agency offers you the Pennsylvania writ of seizure bond in the amount required. Up to a $100,000 surety bond requirement, we also do so without a credit check inquiry.
A writ of seizure bond greater than $100,000 is subject to a further underwriter review of your application. This review will include a credit check inquiry. And to be approved, good credit will be required.
For amounts greater than $100,000 you may also be asked to provide supporting documentation or information as a condition of approval.
For any writ of seizure bond, our agency will need the following from you:
- A copy of the Pennsylvania order stating that a writ of seizure bond is required;
- A completed surety bond application. The application can be completed by you via Docusign. This will allow you to complete, sign, and return the application to our agency electronically;
- Review of your completed application;
- Upon approval, payment of the premium.
Issuing Your Writ of Seizure Bond
Our agency issues your bond and a Power of Attorney form to you immediately upon payment of the premium.
These items are then mailed to you. You will sign your bond as Principal. Thereafter, along with the POA form, you’ll need to file it with the PA civil court.
Annual Renewal of the Premium
The premium associated with your writ of seizure bond renews annually on the anniversary of its issuance for as long as the court requires surety.
Premiums paid are earned in full; refunds are not offered.
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