What is a Cost Bond?
A plaintiff bond that covers court costs when a party attempts to file action within a state without having residence. Not all states require this surety bond however, when they do it normally is under $2,000.
Bond Premiums and Bond Amounts:
Premium is 1% of the bond amount.
Minimum of $100.
If bond is for use in Florida there will be a 1.3% tax of the PREMIUM.
Bond amount will be set by court order or statute.
List of states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
FAQ:
Why Is A Cost Bond Required?
Courts require a cost bond to insure the party attempting a legal action will pay litigation expenses and court fees. When the plaintiff filing the action does not have residence in the court’s jurisdiction (i.e. they live in a different state or country) they usually have to post a cost bond.
What Is The Average Amount For A Cost Bond?
The cost bond is normally under $2,000 depending on the state. This amount may be higher due to other circumstances such as bad credit and the type of legal action. After filling out a cost bond application a member of the Jurisco team can give you a price quote.
Click on the application to download the cost bond form or call the Jurisco team for immediate service.
Review the Cost Bond rates from the rates section, fill out the PDF application form, and submit through your email client.
Jurisco will contact you to confirm receipt of the application then begin work immediately.
Jurisco offers competitive rates for Cost Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their bond rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply email us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.