Replevin Bond

A replevin bond is a bond required by the court for any party who is suing another party to secure possession of property that they believe they have a legal right to.  A replevin bond guarantees that, upon a court's rendering, that if the taking of possession was done in error and caused the other party damage, the bond will pay up to the penal sum of the bond.  The court complaint will dictate the amount of the bond. If not, the bond is usually set to an amount equal to 1.5 times the value of the property.