Third Party Claimant's Bond
Third Party Claimant's Bond: Where
a person not originally party to an action intervenes in the action and seeks
to obtain possession of property subject to the action, they must often post
a third party claimant's bond. The third party is usually a secured lender with
a perfected security interest in the property who intervenes to prevent the
security from being sold to pay the borrower's debt to a general creditor.
Attach a copy of the court order to a completed and signed general bond application.