Replevin Bonds

These bonds help conclude the rightful owner of personal property during the course of a lawsuit.

What is a Replevin Bond?

A Replevin Bond, used in legal actions to recover property wrongfully held or possessed by another party, is also known by several other names or can be associated with similar types of judicial bonds. Here are some alternative names or closely related terms: Claim and Delivery Bond, Detinue Bond, Sequestration Bond, Recovery Bond, or Possessory Bond.

While the names may vary, the purpose of these bonds remains fundamentally the same: to guarantee the plaintiff’s intention of pursuing a claim to recover property is genuine, to ensure the return of the property if the court decides against the plaintiff, and to cover any damages or costs that the defendant incurs due to the temporary loss of the property if the plaintiff’s action is found to be wrongful.

Now offering three ways to post collateral (only on required court bonds):

1. Morgan Stanley Account: We partner with Morgan Stanley to provide clients with the opportunity to generate interest on their collateral, which effectively covers the bond as annual premium payments.

2. Wire Transfer: A Wire Transfer is an electronic transfer of funds from one party to another, typically initiated by a bank or other financial institution.

3. Letter of Credit: A Letter of Credit is a document issued by a bank or other financial institution to guarantee payment from one party to another.

Watch our video to learn why you may need this bond: