Appeal bonds require full collateral in the amount of the bond. Cashier’s Check or Irrevocable Letter of Credit accepted.
Premium amount is 1% with collateral or 2% without collateral.
Minimum of $250.
Bond amount will be set by state statute.
Florida requires two years of statutory interest to be added to the bond amount.
STATES SERVED
Jurisco serves all 50 states. The lawyer-trained staff at Jurisco is ready to help you with an appeal bond or supersedeas bond in any state. Contact Jursico to learn more.
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Appeal Bond FAQ
What is an appeal bond?
An appeal bond is a surety bond that suspends the execution of a money judgment during the appeal process. Seizure of property can also be stayed using this type of surety bond.
What is a supersedeas bond?
A supersedeas bond is the same as an appeal bond. The only difference between the two is the name. For example, it is known as a supersedeas bond in Texas and an appeal bond in Illinois.
Are appeal bonds required for every appeal involving money judgments?
Supersedeas bonds are not always required, but they are the best way to save money during an appeal. New Jersey and Delaware are the only two states that do not require an appeal bond or supersedeas bond during a money judgment appeal. All other states require a surety bond or full payment of the awarded amount while the appeal process runs its course.
How much does an appeal bond cost?
Appeal bond cost depends on the total value of the money judgment, state ordinances, and court fees. The credit score of the applicant may also impact the cost. State ordinances vary, as do court fees.
At a minimum, an appeal bond costs $250. The premium amount is 1% with collateral or 2% without collateral.
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