South Carolina Attachment Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose and Amount
An attachment order allows a Plaintiff in a civil litigation proceeding to seize and take possession of the disputed assets of the adverse party (i.e. the Defendant), before a final judgment is given in the underlying case.
A condition for the attachment order to take effect is that you as Plaintiff (or, for legal counsel, your client), obtain a surety bond in the amount ordered by the court.
While required of the Plaintiff, the attachment surety bond serves as a financial guarantee for the Defendant that if the court subsequently determines that the the attachment order was wrongly issued, the property will be returned in good order; and that, moreover, the Defendant can be compensated for the loss and harm caused by a wrongly issued attachment order.
South Carolina statutes concerning the attachment bond do not stipulate the amount of the attachment order or a mathematical formula; however, according to regulations, the amount will not be more than the amount of the “undertaking”.
Qualifying and the Premium
Our agency offers the South Carolina attachment bond in the amount that the court has ordered. Up to a $100,000 surety bond requirement, we also provide this bond without a credit check inquiry.
An amount greater than $100,000 will require an underwriter review of your completed application, along with a credit check inquiry. To be approved, good credit will be required.
For any attachment bond amount, however, our agency will need the following from you:
- A copy of the South Carolina order stating that an attachment bond is required and the amount of the bond. In lieu of the same, a letter from legal counsel which contains essentially all of the items that a court order would have;
- A completed surety bond application from the Plaintiff;
- Review of the completed application;
- Upon approval, payment of the annual premium.
Issuance of Your Attachment Bond
Upon approval of your attachment surety bond application, and payment of the premium, our agency issues the bond immediately and mails it to the Plaintiff for filing.
The Plaintiff will need to sign the bond and have it filed with the court. Our agency does not need a copy of the filed surety bond.
Annual Renewal of the Premium
Your attachment surety bond is subject to annual renewals of the premium for as long as the court requires surety.
When the court no longer requires your bond (i.e. releases liability) we ask that you provide us with documents demonstrating the same.
Premiums paid are earned in full and are nonrefundable.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in South Carolina and all 50 states.
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