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Thread: FAQ's about Bail Bonds

  1. #1
    Omar Castro's Avatar
    Omar Castro is offline ** Certified

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    FAQ's about Bail Bonds

    Some common questions and there answers!

    • What is a bail bond?
      Where can a bail bond be posted?
      Where can I get a bail bond?
      What hours do bail agencies operate?
      What if I am calling from out of the area or another state?
      How much does a bail bond cost?
      Is the bail bond premium refundable?
      How long is a bail bond good for?
      Who is liable for the bail bond?
      What if I have additional questions?
      What is a bail bond?


    A 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.

    Where can a bail bond be posted?

    A bail bond can be posted at most courts and jails. Most jails accept bail bonds 24 hours a day, 7 days a week, 365 of the year.

    Where can I get a bail bond?

    You can get a bail bond by calling your local area or yellow pages. A licensed bail agent will confidentially discuss your individual situation and assist with all of your bail bond needs.

    What hours do bail agencies operate?

    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 if I am calling from out of the area or another state?

    If you are out of the area or live in another state and you have a friend or family member in custody, it is still possible to obtain a bail bond. The bail bond contract can be faxed to you and payment can be received by credit card or wire transfer.

    How much does a bail bond cost?

    Most bail bond premiums are ten percent of the full bail amount. For example, if the full bail amount is $10,000.00, the premium (fee) for the bail bond is $1,000.00. These fees are established by the surety companies and regulated by the Department of Insurance.

    Is the bail bond premium refundable?

    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 indemnitorís liability is limited to the full face value of the bail bond.

    Well hope this helps out some.
    O.A.C.V. Sr.

  2. #2
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    Thank you very much for this information because so many people are are mislead and believe that once a person shows up for court that their bond will be refunded.

  3. #3
    Flora Porter's Avatar
    Flora Porter is offline * Certified SPI
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    Thumbs up

    Thanks Omar

  4. #4
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    That answers alot of questions..Thank You .

  5. #5
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    Thanks for the info.

  6. #6
    Chaquetta Kane's Avatar
    Chaquetta Kane is offline Private Investigator Forum Member

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    Re: FAQ's about Bail Bonds

    Omar,

    This is a lot of information that left virtually no stone unturned. I'm gong to bookmark this so I can read it again and refer to it.

    Thanks
    Chaquetta

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