What is Bail Bond and how does it work?
Is a standing security agreement that Bail Agents have with local court officials, in which by virtue of posting a Bond guarantees payment of the bail amount in the event the defendant fails appear in court for further proceedings.
Do I have options?
Yes. There are five release options:
An individual can post with the court the total amount of bail in cash to secure his return to court until the case is concluded. If the defendant shows up for all of the scheduled court appearances, the cash will be returned. However, if the defendant fails to appear, the cash bond is forfeited.
An alternative to Cash Bail is posting of a Surety Bond. For this service, the defendant is charged a premium. Standard for California is set at 10% of the bail amount.
Defendant may obtain release from custody by means of posting a property bond. If the court accepts, a lien is recorded against the defendant’s property to secure the bail amount. Should defendant fail to appear at the scheduled court date, the court may institute foreclosure proceedings to obtain the forfeited bail amount.
A method of release pending trial by a county or law enforcement administered pre-trial release program. There is no financial security requirement to insure the detainee’s return to court.
Usually occurs immediately after an individual is arrested. The arresting officer issues a citation and informs the arrestee that he must appear at the appointed court date.
How much is the cost of a Bail Bond?
California is among the states where the Department of Insurance set and regulate the rates charged by bail bond companies. The premium for California is set at 10% of the bail bond. As an example, on a bail bond amount of $10,000.00 dollars the bond company will charge $1,000.00. However, certain individual may qualify for a special 8% bond rate. Call to find out if you qualify.
Is the premium refundable?
In most cases the cost of the bond is non-refundable. The fee is earned once the bond is posted and the defendant is released on the bail.
What form of collateral is accepted?
All personal property having monetary value is acceptable form of collateral. Other common types of instrument used are real estate, vehicle without lien, stocks, bonds and jewelry.
Could a portion of the bond premium be financed?
Yes. A written agreement can be reached if you qualify based on your specific situation. Call us for a review of payment options.