TYPES OF BAIL
BAIL BOND TERMINOLOGY/DEFINITIONS EXPLAINED:
BAIL BOND- (surety bond) is a financial guarantee to the court that the defendant will appear in each and every court appearance as the court directs. Failure of the defendant to comply with the conditions of the court could result in warrants issued and bail bonds forfeited.
TANGIBLE/REAL ESTATE COLLATERAL-A form of personal property placed within the fiduciary control of the bondsman, which may be sold in the event the defendant does not appear for his/her scheduled court proceedings. The bondsman can then sell the property to cover the amount of bail posted on behalf of the defendant. Collateral is a way of insuring the defendant will appear in court and complete his/her obligation to the court.
BAIL BOND POSTING
A bail bond can be at regional or sheriff's office run jail. Most jails accept bail bonds 24 hours a day, 7 days a week, 365 of the year.
HOW CAN A SURETY BAIL BOND BE OBTAINED
You can obtail a surety bail bond by calling us at (866) 639-9338 A licensed bail agent will confidentially discuss your individual situation and assist with all of your bail bond needs.
BAIL AGENCY OPERATING HOURS
Because people are arrested both day and night, most bond agencies are open 24 hours a day, 7 days a week, 365 days a year.
WHAT ARE THE COSTS OF OBTAINING A SURETY BAIL BOND
Most bail bond premiums are ten percent (10%) of the full bail amount. For example, if the full bail amount is $5,000.00 the premium (fee) for the bail bond is $500.00. These fees are established by the state and regulated by the Department of Insurance.
CAN I GET A BAIL BOND PREMIUM REFUND
Once the bail bond is posted and accepted by a court or jail, liability is taken on the bail bond. At that point the bail bond premium is fully earned and is not refundable.
How long is a bail bond good for?
A bail bond is good for one year. If the case goes beyond the one year, the premium must be paid again in order to keep the bail bond current.
Who is liable for the bail bond?
The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is limited to the full face value of the bail bond.
What if I have additional questions?
If you have additional questions not answered in and on this page or if you want to obtain a bail bond, please feel free to call us anytime day or night. State licensed Surety Bail Agent Vince Rera,will be happy to answer all of your questions and assist with all of your bail bond needs.