New York Receiver Bond Guide
Bond Overview
- Purpose: To ensure proper handling of funds
- Who Needs It: Some court-appointed receivers in New York
- Regulating Body: The court overseeing the case
- Required Coverage: $1,000–$200,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a New York Receiver Bond?
A New York receiver bond is a type of court bond that protects property or business owners when facing financial distress or legal disputes in court.
The court will determine the mandatory bond coverage depending on the value of funds being handled.
How Much Do Receiver Bonds Cost?
New York receiver bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a New York receiver bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the court overseeing the case as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New York Receiver Bond Work?
A receiver bond creates a legal contract between these three parties:
- Principal: You, the appointed receiver filing the bond
- Obligee: The court overseeing the case requiring the bond
- Surety: The provider issuing the bond
If you fail to follow court orders or are negligent, a claim can be filed providing compensation to affected parties.
