BAIL BOND FAQ's
HOW MUCH DOES A BAIL BOND COST ?
Typically you pay 10% of the face amount of the bail, this is called the bond premium.
Bond premiums for federal and immigration court bails run between 15% to 20%.
WHAT IS CONSIDERED ACCEPTABLE COLLATERAL ?
Most bonds for minor traffic or misdemeanor cases a signature is all that is required.
When collateral is necessary the bail company will typically accept anything of real value, like a home, car or boat.
WHEN DO I GET MY COLLATERAL BACK ?
In the State of Florida collateral must be returned within 21 days of you providing the bail bond company with proof that the bond is discharged and/or the case is over.
WHAT HAPPENS IF THE DEFENDANT FAILS TO GO TO COURT ?
As an indemnitor (co-signer), if the defendant fails to go to court your options are:
1. Quickly locate the defendant and advise the bail bond company where he/she is, in-order to have them returned to the jail by the bondsman.
2. Make arrangements with the bail company to payoff the bond.
3. Forfeit your collateral. Note; that forfeiting your collateral does not release you of your responsibility or any deficiency debt that may exist. You are responsible for all costs, attorney fees, interest, investigations, recovery agent fees, court costs and more. Before signing on a bond be sure you understand everything your signing and that you are certain the defendant will go to court..
Call us toll free at 1-800-224-5937. We will be happy to answer your questions.