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Is the collateral that a bonding company collects refundable?

April 26, 2017bonding collateral COMPANY refundable

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Is the collateral that a bonding company collects refundable?

2 Answers

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A. Yes. The collateral a bondsman collects is fully refundabl provided that the bondsman is not required to pay a bond forfeiture as the result of the defendant failure to appear in court. The moment at which the bondsman pays the forfeiture for an absconder, the collateral is transferred to the possession of the surety.

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A. Yes. The collateral a bondsman collects is fully refundable provided that the bondsman is not required to pay a bond forfeiture as the result of the defendant failure to appear in court.