1 (844) 589-9732

Texas Sequestration Bond

A Texas sequestration bond may seem unusual and confusing, but it serves a good purpose. AmeriPro Surety Bonds will help you to obtain the sequestration bond you require at a fair price. 844-589-9732.

Texas Sequestration Bond | AmeriPro Surety Bonds | 844-589-9732

 

 

 

Texas Sequestration Bond: Mandated by Texas Law

 

 

 

The Texas Rules of Civil Procedure, Section 8  outlines the conditions under which one is required to obtain a sequestration bond.

 

 

 

First, What is a Sequestration Bond?

 

 

 

A Texas sequestration bond is a surety bond, obtained by the plaintiff, in a dispute regarding property held by a defendant, which allows a Texas Sheriff or Marshall to remove the property from the defendant before a judgment is given in a case.

Removal of the property from the possession of the defendant prevents the defendant from disposing of the property.

If the defendant were able to dispose of the property, doing so would thereby remove the property from the court’s reach and authority.

HOWEVER,

The surety bond guarantees that if it is subsequently discovered that the property were wrongly seized from the defendant, the defendant will receive the property’s full monetary value back, if not the property itself.

 

 

 

The Texas Sequestraton Bond: Fully Collateralized

 

 

 

An important point to remember about a Texas sequestration bond is that the bond is fully collateralized.

This means that in addition to the purchase of the bond itself, the amount required is at least in the full cash amount or some other equivalent.

 

 

 

Texas Sequestration Bond: In Addition to Being Fully Collateralized: Premium

 

 

 

Besides the Texas sequestration bond being fully collateralized, there is the bond’s premium—the price the plaintiff will pay for obtaining the bond.

Applicants should know the following about the sequestration bond’s premium:

  • The amount will be a percentage of the bond itself, subject to an applicant’s credit score;
  • The premium renews and is payable on an annual basis for as long as the underlying court case remains active.

 

 

Texas Sequestration Bond: Amount Required

 

 

 

According to Texas state law, the amount of the surety bond required will be in an amount to cover all damages and costs that may be incurred against the defendant.

The law also permits the defendant to request an increase or decrease in the amount of the bond required.

 

 

 

AmeriPro Surety Bonds

 

 

 

AmeriPro Surety Bonds will help you successfully navigate any complexities involved in obtaining your sequestration bond.

Despite its seemingly exotic nature, the bond itself is rather simple and straightforward.

The principal — or legal counsel — may call our agency today.

We’ll walk you through understanding the steps and, with your cooperation, we’ll get you bonded.

 

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

 

 

844-589-9732.

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.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)