Replevin Bond
What is a Replevin Bond?
A Replevin Bond is a type of Court & Fiduciary bond that ensures that the plaintiff in a replevin action (a legal action to recover personal property) pays any damages suffered by the defendant if the court later determines that the property was wrongfully taken.
Protects the defendant in a replevin action from financial loss if the property is wrongfully taken.
Required by courts when a plaintiff files a replevin action to ensure the financial interests of the defendant are protected.
Applicant’s personal information, credit history, bond amount (usually twice the value of the property), and case details.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
