What are Ohio Court Bonds? 

Learn about each and determine which one you need! 

Ohio Court BondA  Court Bond is not a single bond. It is actually a generic term for several types of surety bonds that are used in court proceedings. 

The purpose of a Court Bond varies – from ensuring that the right people will be justifiably compensated to ensuring that the people who are appointed to carry out legally binding acts will do so properly.  

 

Judicial Bonds 

This is a type of Court Bond that is required of a defendant or a plaintiff by a statute for court proceedings.  It is an assurance that the individual will fulfill his obligations following a case.   

The coverage of the obligation can vary widely – from payment of damages to regaining a seized property.   

Below are the types of Judicial Bonds:    

Replevin Bond – Also known as Claim and Delivery Bond.  It  is  a  requirement  for a replevin  case  in  order  to  protect  the  defendant.    This  bond  will  assure the  defendant that  he  will  be compensated  from  losses  caused  by  the  seizure  of  the  property  in question by the plaintiff.   

Supersedeas Bond – A bond that will secure the appellee/respondent from any loss due to a stay of execution or a delay by suspending the winning party’s collection until after an appeal is over.    

Appeal Bond – A required bond for the   appellant/claimant by the Federal   Rules of Appellate    Procedure    as    an    assurance    that    the    appellee’s    court    costs    will    be paid in case the appeal was lost.    

Take  note  that  not  all  court  costs will  be  covered  by  this  bond.    The    examples    of    the covered court costs are, but not limited to, the following:   

  • Notice of appeal filing fee   
  • Preparation of record   
  • Supersedeas bond premium  

Injunction Bond – The purpose of such is to indemnify the defendant due to a wrongful injunction.   

 

Fiduciary Bonds 

Fiduciary Bonds are a type of Court Bond used in probate courts.  A  Probate Court is a tribunal that deals with certain proceedings such as:  

  • Trust Proceedings  
  • Conservatorship of Adults and Assets Proceedings  
  • Guardianship of Minors and Assets Proceedings   

This type of bond is furnished to guarantee that the executor of the property and finances will perform his duties accordingly.  

Alternatively, they can be referred to as a Guardianship Bond, Custodian Bond, or Executor Bond.    

 

What is the bond amount?   

This will vary per bond and subjected to the discretion of the court.  

 

How can I obtain this bond?  

The first step is to determine which type of Court Bond you need.  Once you’ve established that, you will need to submit an application for that specific bond.  

We will ask you some important information needed for the underwriting process such as the following: 

  • Your financial history 
  • Facts about your case 
  • Your job performance history 
  • Your credit score 

An underwriter will carefully evaluate the information you have given. You will be then asked to sign an indemnity agreement. 

Once done, we will immediately issue the bond and send it to you! 

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