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Can I accept cash over $50,000 as collateral on a bail bond?

April 26, 2017BAIL Bond cash collateral

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Can I accept cash over $50,000 as collateral on a bail bond?

1 Answer

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Yes, but cash that is accepted in an amount over $50,000 must be made payable to the insurer and received in the form of a cashiers check, United States postal money order, certificate of deposit, or money wire.