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What Is A Writ of Certiorari Bond?

By Rick Marsland on Jun 30, 2017 1:35:00 PM in

Court Bonds

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What is a Writ of Certiorari?

A writ of certiorari is a way to have a higher court review the outcome of a lower court's proceedings. The word 'certioari' means "to be more fully informed". In this sense, a writ of cetiorari orders a lower court to deliver its record in a case so the higher court may review it.

Often times, a writ of cetiorari is a last resort for a defendant to have his or her case reviewed when it does not qualify for an appeal.

These writs are usually held in higher scrutiny than appeals. Many times they are only granted if:

  • The case could have national significance
  • The writ might harmonize conflicting decisions in the federal Circuit courts or
  • The case could have precedential value

Before a writ can be issued, a Writ of Certiorari Bond might need to be issued.

 

What is a Writ of Certiorari Bond?

A Writ of Certiorari Bond is  a type of surety bond that accompanies the writ of certiorari and promises the defendant will pay for all costs associate with petitioning that writ.  

If the defendant fails to pay the costs, the court can make a claim against the bond and be compensated.

 

How Much Does a Certiorari Bond Cost?

The Certiorari Bond amount will vary by state and the amount of money owed. The defendant does not need to pay the full bond amount to get bonded.

The amount paid for the bond (called the bond premium) is calculated based personal credit score. Generally, applicants with good credit (over 700) can secure their bond at a rate of 1-4% of the total bond amount. Applicants with not-so-great credit will have to pay a higher rate. 

Generally, 100% collateral is required in addition to the cost of the bond.

 

Do You Need a Certiorari Bond?

Want to know what you would pay for your Certiorari Bond? Surety Solutions offers free quotes for court bonds at no charge and with no obligation to buy. 

The underwriting for Certiorari Bonds makes getting approved for them more difficult than other bonds, but with a reliable and experienced surety bond company, it can be done.

 

To get a free Certiorari Bond quote, just give us a call at: 866-722-9239

 

We might any or all of the following to provide you with a Writ of Certiorari Bond quote:

  • Copy of court documentation
  • Bond requirement documentation
  • Business and/or personal financial statements
  • Current bank statements
  • Completed court bond application

 

Related Links:

What is a Court Bond?

Understanding Underwriting for Court Bonds