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What is a Bail Bond | Bail Bond Process
 

What is a Bail Bond | Bail Bond Process

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http://www.mybailhotline.com Learn what is a bail bond, the steps of the bail bond process and other answers to many common bail bonds questions.

http://www.mybailhotline.com Learn what is a bail bond, the steps of the bail bond process and other answers to many common bail bonds questions.

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    What is a Bail Bond | Bail Bond Process What is a Bail Bond | Bail Bond Process Presentation Transcript

    • www.mybailhotline.com
    • BAIL BONDS www.mybailhotline.com
    • What is a Bail?Bail is a cash deposit or pledge to a court to persuade it to release a suspect fromjail, on the understanding that the suspect will return for trial or forfeit the bail (andpossibly be brought up on charges of the crime of failure to appear). In some cases bailmoney may be returned at the end of the trial, if all court appearances aremade, regardless of whether the person is found guilty or not guilty of the crimeaccused. www.mybailhotline.com
    • What is the Bail Bond Process?After an inmate has been fully booked, a bail amount will be determined for his or herrelease. After the bail amount has been determined you may then call one of ourprofessional bail bond agents to start the bail bond process and help your friend or lovedone post bail. A bail agent is a person permitted to solicit, negotiate, and effectundertakings of bail on behalf of any surety insurer. The bail bond process doesnt takelong after the inmate has been fully booked. www.mybailhotline.com
    • What is a Bail Bond?A bail bond (surety bond) is a financial guarantee to the court that the defendant willappear in each and every court appearance as the court directs. Failure of the defendantto comply with the conditions of the court could result in warrants issued and bail bondsforfeited. www.mybailhotline.com
    • Where Can I Get a Bail Bond?You can get a bail bond by calling our toll free number at 1-888-438-2245. A licensed bailagent will confidentially discuss your individual situation and assist with all of your bailbond needs and will instruct you to start the bail bond process right away. www.mybailhotline.com
    • How Much Does a Bail Bond Cost?Most bail bond premiums are ten percent of the full bail amount. For example, if the fullbail amount is $10,000.00, the premium (fee) for the bail bond is $1,000.00. These feesare established by the surety companies and regulated by the Department of Insurance. www.mybailhotline.com
    • 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 premiummust be paid again in order to keep the bail bond current. www.mybailhotline.com
    • Who Is Liable For The Bail Bond?The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liabilityis limited to the full face value of the bail bond. www.mybailhotline.com
    • Who Is Liable For The Bail Bond?The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liabilityis limited to the full face value of the bail bond. What Is An Indemnitor or Cosigner?An Indemnitor or Cosigner is a person who agrees to be financially responsible for thefull amount of the bail bond in the event the defendant fails to make a court appearanceand cannot be returned to court. An Indemnitor is responsible for paying any bail bondcosts incurred as a result of the defendant missing a court date. If there is more thanone Indemnitor on a bail bond, they are jointly and severally liable. This means themoney could be collected from one or both of them. www.mybailhotline.com
    • What Is The Premium?In Southern California, the cost of the bail bond which is called the Premium is generally10% of the total bail amount. For example, if bail is set at $10,000 the premium would be$1,000. This is the amount charged by the bail bond company to put up the bail bond forthe full $10,000 so that your friend or family member can be released. You do not getthis money back. The premium is fully earned upon the release of the accused. www.mybailhotline.com
    • Is The Bail Bond Premium Refundable?Once the bail bond is posted and accepted by a court or jail, liability is taken on the bailbond. At that point the bail bond premium is fully earned and is not refundable. www.mybailhotline.com
    • What Is Collateral?Collateral is money, property, etc. that you deposit with the bail bond company. Thecollateral is held until the bond is exonerated and the premium has been paid in full. Inmany situations, we will not require collateral. Often times, people own homes but do notwant to sign on them. We take a quick application to determine if we can do this forthem. www.mybailhotline.com
    • What If Im Calling From Out of The State?If you are out of the area or live in another state and you have a friend or family memberin custody, it is still possible to obtain a bail bond. The bail bond contract can be faxed toyou and payment can be received by credit card or wire transfer. Call us to discuss thebest way to start the bail bond process based on your individual situation. www.mybailhotline.com
    • What Hours Do Bail Bond Agencies Operate?Because people are arrested both day and night, most bail bond agencies are open 24hours a day, 7 days a week, 365 days a year ready to start the bail bond process to helpyour friend or loved one post bail. www.mybailhotline.com
    • www.mybailhotline.com