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Rhode Island Injunction Bond

Up to and inclusive of a $25,000 requirement, our agency offers you the Rhode Island injunction bond for 2% (min. $100) without a credit inquiry. We also offer this court bond in higher amounts. Please call AmeriPro Surety Bonds at 844-589-9732.

Rhode Island Injunction Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Injunction Surety Bond – Plaintiff Requirement

 

 

 

An injunction bond is a court order which requires a Plaintiff, to obtain a surety bond with the court as the obligee (that is, the entity requiring the bond), on behalf of at least one Defendant.

The surety bond is for the benefit of the Defendant(s) in case the court subsequently determines that the Plaintiff’s cause of action was without merit. In such a case, the bond guarantees that the Defendant(s)  will be able to be compensated for harm, loss, or damages, caused by the Plaintiff’s (now subsequently determined) unwarranted legal proceedings.

 

 

 

Qualifying and the Premium

 

 

 

For any surety bond amount up to and including a $25,000 requirement, you are automatically approved for the Rhode Island injunction bond. What this means is that the bond issued to you for 2% annually, and with no credit inquiry.

In all cases, to obtain your injunction bond, we’ll need the following:

  • A copy of the court order which states that you are required to obtain an injunction surety bond, along with the amount of the surety bond requirement;
  • The address of the court which requires the bond (this is likely found on the court order);
  • A complete surety bond application. The application will need to be signed and witnessed; however, it does not need to be notarized;
  • Payment of the premium, which is 2% of the surety bond or a minimum of $100, whichever amount is greater.

Amounts Greater than $25,000

For an injunction surety bond greater than $25,000, the major difference is that a credit inquiry (business or personal) and an underwriter review of your application are required for your injunction surety bond’s approval.

Good credit is required for approval through our agency; the premium rate is at 2% annually.

Once your injunction bond is approved, and the premium is paid, the bond will be issued to you immediately, along with a Power of Attorney (POA) form.  Upon receipt, you will sign your bond as Principal, filing it along with the POA form to the appropriate court or Clerk of the Court.

 

 

 

Annual Renewal Of Your Premium; Premium Prepayment Options; No Refunds

 

 

 

The premium associated with your Rhode Island injunction bond is not a onetime payment, but renews annually on the anniversary of the issuance of your surety bond.

Candidates for the injunction bond should realistically plan to pay the premium at least twice.

Options exist to prepay your bond premium up to 3 years; however, should your case be resolved before the conclusion of your bond term, refunds are not offered.

 

 

 

More On The Purpose of the Surety Requirement

 

 

 

“Temporary restraining order” is a term frequently referred to where an injunction bond is concerned. As the Plaintiff in a civil proceedings, you are likely attempting to prohibit the defendant from acting in some manner.

The court wishes to hold you accountable should your actions be later determined unwarranted. Rule 65 of Rhode Island’s legislation details injunctions.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides court injunction surety bonds (with the Plaintiff as the Principal) nationwide.

Our agency also provides license and permit, probate, and other court surety bonds nationwide.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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