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What is a bail bond?
A bail bond is a financial guarantee assuring that a legal defendant will appear at all court dates through the end of their trial following release from custody. Should the defendant fail to attend their scheduled court dates, the bond will be forfeited.
How does a bail bond work?
After the court system determines the amount of bail required for the defendant’s release, state law permits a surety company to provide the bond amount. These bonds are usually offered by state licensed and regulated bail bond agencies who charge a 10% premium of the total bond amount for their services. For example, a bond set at $60,000 would have a premium of approximately $6,000 plus any additional state-mandated fees. The bail agency is required to charge the premium rate it has filed with the Department of Insurance, and the premium cannot be refunded upon the defendant’s release.
How much does it cost to bail someone out of jail?
It depends - your fully licensed bail bond agent at 1st Class Bail Bonds Agency, Inc. are on hand to help with this question, 24 hour per day, 7 days per week.
What is the difference between bond amount and bond premium?
The premium owed to a bail bond agency represents 10% of the total bond amount charged by the courts.
Who is an indemnitor/guarantor?
An indemnitor/guarantor is an individual willing to supervise the defendant while they are out on bail and to co-assume the liability to guarantee the full bond amount.
When does a bail bond forfeiture take place?
This results from a defendant’s missed court appearances. After the court date is missed, a bench warrant is issued for their arrest, and the court sets a date for either the defendant’s location and return to custody or that the bail bond is “reinstated.”
When do I get my money back?
If you posted the full bail amount yourself and the defendant appeared at all required court dates, money will be released to you at the finish of the court process. If you used bail bond services, the agency is initially responsible to the court for the bond amount, while the defendant and indemnitors are beholden to the bail agency for premium payments, as well as any fees, and additional expenses incurred. Because these monies are earned at the time the defendant is released from custody, it is not subject to return even if the defendant is found innocent, the case is dismissed or the defendant reenters custody for a separate offense.
This website may contain general information on legal matters that should NOT be treated or relied upon as legal advice, or as an alternative to your own attorney or other legal service provider. 1st Class Bail Bonds, Inc. does not make any representations or warranties, express or implied, with regard to any general legal information provided. For any questions or advice on legal matters, 1st Class Bail Bonds, Inc. urges that you seek your own independent counsel or other professional legal service provider.
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