An injunction bond is typically required of a Plaintiff, on behalf of a Defendant(s), by order of a civil court in a non-criminal proceeding. The bond is required as a condition of obtaining a temporary restraining order.
The purpose of the injunction is that if the Court subsequently determines that the Plaintiff’s legal actions against the Defendant(s) were without merit (which Is what, in turn, led to the temporary restraining order), the Defendant(s) may be financially compensated for the loss and harm which has occurred to them as a result of the injunction.
The court will determine the amount of a South Dakota injunction bond required.
On our end, for any amount, up to and including a $25,000 surety bond requirement, we provide the injunction bond to you immediately, and without a credit inquiry. The premium will be 2% of the amount required, or $100, whichever amount is greater
In all cases, and regardless of the amount required, we’ll need the following:
For amounts greater than $25,000, in addition to an application, a credit check is required. To be approved, good credit will be required; it is typically difficult to obtain an injunction surety bond with poorer credit scores.
Once your injunction surety bond is approved by our underwriters (if greater than a $25,000 amount) and the premium is paid, our agency issues this bond to you immediately. Upon receipt, you’ll file your bond and Power of Attorney form with the respective court.
The premium associated with your South Dakota injunction bond is not a onetime payment, but renews annually.
Options exist to prepay your surety bond up to 3 years. Choosing this option will save you over annual renewals and extend the length of time between renewals.
However, please keep in mind that if your bond is exonerated (that is, no longer required by the court) within that active period, no refunds will be offered.
Candidates may typically expect to pay the premium for an injunction at least twice.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide injunction surety bonds nationwide.
Our agency is also a provider of license and permit, probate, and other court-related surety bonds in all 50 states.
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