This Supersedeas Bond is an official form used by the Commonwealth of Kentucky in a civil action, and it complies with all applicable state and Federal codes and statutes. USLF updates all state and Federal forms as is required by state and Federal statutes and law.
Kentucky Supersedeas Bond
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FAQ
A surety bond protects the obligee (the party to whom the bond is paid to in the event of a default) against losses, up to the limit of the bond, that result from the principal's (the party with the guaranteed obligation) failure to perform its obligation.
A replevin bond permits the plaintiff to take possession the property withheld by the defended prior to a hearing. Replevin bonds make sure that if the defendant wins the case, the plaintiff will forfeit the property to them.The court will habitually set the bond amount.
A supersedeas bond in Texas covers the cost of a money judgment and court fees, in order to stay a judgment during an appeal process. Without using a surety bond, a defendant is required to immediately settle the judgment with the plaintiff.
A Florida supersedeas bond is a legal mechanism available to plaintiffs and defendants that have sustained a monetary judgment and wish to stay collection pending hearing of further pleadings. Rule 9.310(b) addresses the amount in which the appeal bond must be executed.
The purpose of a Supersedeas Bond is to hold the defendant liable for court costs should their appeal be unsuccessful. If the higher court upholds the lower court's decision, the Appeal Bond guarantees the defendant will pay the judgment, interest, court costs, and attorney fees.
You will generally pay 1-15% of the total bond amount. Your rate is often based off your personal credit score. For example, if you need a $10,000 surety bond and you get quoted at a 1% rate, you will pay $100 for your surety bond. Higher risk bonds, like construction bonds, may cost 10% or more of the bond's value.
A: The cost of your surety bond will vary depending on the type of bond and the amount of bond coverage you need. Surety bond premiums usually range from 1-15% of the total bond amount. For example, if you get quoted a 2% rate on a $50,000 bond, you will pay $1,000 for your surety bond.
State laws determine the amount of the bond, which is generally based on the estimated amount of the estate or assets being managed. The cost of an Appeal/Supersedeas Bond is usually 1.5 to 5 percent of the bond amount.