Texas Replevin Bond |AmeriPro Surety Bonds
Surety Bond; Amount and Purpose
The Plaintiff, by order of the court, is permitted to both seize and take possession of the disputed property of the Defendant.
A condition of the action of replevin taking effect is that you (or, for legal counsel, your client) obtains a surety bond in the amount that the court requires. According to the Texas Civil Practice and Remedies Code, §61.023, as amended, the amount of the surety bond is whatever the court orders.
While required of the Plaintiff, the purpose of the surety bond is for the benefit of the Defendant in case the court subsequently determines that the action of replevin was wrongly issued. The harm caused by a wrongfully issued writ can be recompensed by means of the surety bond.
Qualifying and the Premium
Our agency offers you the Texas replevin bond in the amount that the court requires of you. Up to a $100,000 surety bond requirement, we also do so without a credit check inquiry.
If you require a replevin surety bond greater than $100,000, a signed application and a review by a surety underwriter are required before approval. Additionally, good credit will be required for approval.
Qualifying for the Texas replevin bond in any amount will include the following:
- A copy of the court order or the court minutes stating that you require a replevin surety bond;
- A completed application. To facilitate ease and timeliness of completing, the surety bond application can be sent to you via DocuSign;
- Review of your completed application, subject, in part, to the dollar thresholds discussed above;
- Upon approval of your bond, payment of the first annual premium.
Our agency issues your replevin bond to you immediately upon payment of the premium. A Power of Attorney form is also included.
Upon receipt by mail, you’ll your surety bond and then file it and the POA form to the presiding Texas court.
Annual Renewal of the Premium
The premium for your Texas replevin surety bond renews annually on the anniversary of your bond’s issuance for as long as the court requires surety.
Premiums paid are earned in full, and are non-refundable, either in whole or in part.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in Texas and all 50 states.
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