Bail Payment Procedures
First, the defendant pays a nonrefundable premium, often 10 % of the bail quantity set. Second, the defendant or a celebration acting on behalf of the defendant must put down collateral for the entire bond.
The indemnitor can be financially liable for paying the bail bond company’s charges for the bond, no matter any aspect agreement the indemnitor might have with the defendant to be reimbursed. The bail bond firm indicators a contract, often known as a surety bond, by which it agrees to be answerable for the complete bail amount if the defendant fails to appear in courtroom or in any other case forfeits his or her bail. Since the bail bond firm is probably on the hook for a large sum of money, it could require the defendant to examine in frequently, and even consent to be monitored by the corporate. The subsequent step for a bail bond firm, if the defendant fails to appear in court, may be to retain the companies of a bail recovery agent, generally known as a bounty hunter. ail Bond is forfeited and the court requires the remaining ninety% of the bail to be paid.
The bail bond agent has an agreement with an insurance company that can pay the court docket if the defendant skips a court date. The indemnitor—typically referred to as the co-signer—is the one who enters into an agreement with the bail bond agent on behalf of the defendant.
The defendant is the one that … Read More