Oregon Indemnity to Sheriff Bond

An Oregon Indemnity to Sheriff Bond is a type of court bond required in certain legal situations in the state of Oregon. It’s essentially a financial guarantee issued by a surety company to protect the sheriff from any potential legal or financial harm that might arise from seizing property during a court-ordered execution.

According to Oregon Rules of Civil Procedure,  the bond amount should be double the estimated value of the property to be seized. This serves as a baseline for determining the bond amount in most cases. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Oregon Indemnity to Sheriff Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application.
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Oregon Indemnity to Sheriff Bond will be shipped to the bond applicant.

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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When is the surety bond required?

An Oregon Indemnity to Sheriff Bond is typically required when a judgment creditor (the person who won a lawsuit and is owed money) wants the sheriff to seize the debtor’s (the person who lost the lawsuit and owes money) property to satisfy the debt. This could involve things like cars, furniture, or even real estate.

The sheriff may require the creditor to post an Indemnity to Sheriff Bond before carrying out the seizure, especially if there’s any risk of the debtor claiming wrongful seizure or damage to the property during the process.

What does the bond cover?

The bond protects the sheriff from the following:

• Legal costs: If the debtor sues the sheriff for wrongful seizure or other damages related to the property seizure, the bond will cover the sheriff’s legal defense costs.
• Financial losses: If the debtor can’t pay the judgment and the seized property doesn’t cover the full amount owed, the bond will reimburse the creditor for the remaining debt.
• Expenses: The bond can also cover any expenses incurred by the sheriff during the seizure process, such as storage fees or towing costs.