What is a Bail Bond?
A Bail Bond is the legal instrument or contract which releases an individual from custody. The Bail Bond also ties contractually, the state, the bail bondsman and the defendant together. HOW DOES A BONDSMAN GET PAID? The bail bondsman is paid a regulated fee not to exceed 15% maximum by the individual or someone on his behalf. DO I GET THE PREMIUM (BOND FEE) BACK? The only money returned is collateral when required by the bondsman in certain cases. HOW WILL I KNOW WHEN THE CASE IS OVER AND MY LIABILITY ENDS? Your liability ends when a final disposition is entered by the state and no appeal is pending. WHAT IS COLLATERAL? Collateral may be required when someone has few ties if any to the area which he is required to appear in court, or has a past record of missing court. WHEN IS THE COLLATERAL RETURNED? After we have received written notification from the court that the case is over and the bond is no longer in effect. CAN BAIL BOND COMPANIES USE MY COLLATERAL? No, The collateral has to
A bail bond can be described the same as a promissory note that has the same face value of the bail set forth by the court pertaining to the charges of the alleged crime. This bond is an instrument that ensures the courts that the individual in which the bond was posted on behalf for will appear at all the mandated court dates that the court requests of that individual until such time the case is over.
