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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.

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What is a Bail Bond | Bail Bond Process

  1. 1. www.mybailhotline.com
  2. 2. BAIL BONDS www.mybailhotline.com
  3. 3. What is a Bail? Bail is a cash deposit or pledge to a court to persuade it to release a suspect from jail, on the understanding that the suspect will return for trial or forfeit the bail (and possibly be brought up on charges of the crime of failure to appear). In some cases bail money may be returned at the end of the trial, if all court appearances are made, regardless of whether the person is found guilty or not guilty of the crime accused. www.mybailhotline.com
  4. 4. What is the Bail Bond Process? After an inmate has been fully booked, a bail amount will be determined for his or her release. After the bail amount has been determined you may then call one of our professional bail bond agents to start the bail bond process and help your friend or loved one post bail. A bail agent is a person permitted to solicit, negotiate, and effect undertakings of bail on behalf of any surety insurer. The bail bond process doesn't take long after the inmate has been fully booked. www.mybailhotline.com
  5. 5. 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. www.mybailhotline.com
  6. 6. 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 bail agent will confidentially discuss your individual situation and assist with all of your bail bond needs and will instruct you to start the bail bond process right away. www.mybailhotline.com
  7. 7. 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. www.mybailhotline.com
  8. 8. 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. www.mybailhotline.com
  9. 9. Who Is Liable For The Bail Bond? The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is limited to the full face value of the bail bond. www.mybailhotline.com
  10. 10. Who Is Liable For The Bail Bond? The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is 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 the full amount of the bail bond in the event the defendant fails to make a court appearance and cannot be returned to court. An Indemnitor is responsible for paying any bail bond costs incurred as a result of the defendant missing a court date. If there is more than one Indemnitor on a bail bond, they are jointly and severally liable. This means the money could be collected from one or both of them. www.mybailhotline.com
  11. 11. What Is The Premium? In Southern California, the cost of the bail bond which is called the Premium is generally 10% 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 for the full $10,000 so that your friend or family member can be released. You do not get this money back. The premium is fully earned upon the release of the accused. www.mybailhotline.com
  12. 12. 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. www.mybailhotline.com
  13. 13. What Is Collateral? Collateral is money, property, etc. that you deposit with the bail bond company. The collateral is held until the bond is exonerated and the premium has been paid in full. In many situations, we will not require collateral. Often times, people own homes but do not want to sign on them. We take a quick application to determine if we can do this for them. www.mybailhotline.com
  14. 14. What If I'm 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 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. Call us to discuss the best way to start the bail bond process based on your individual situation. www.mybailhotline.com
  15. 15. What Hours Do Bail Bond Agencies Operate? Because people are arrested both day and night, most bail bond agencies are open 24 hours a day, 7 days a week, 365 days a year ready to start the bail bond process to help your friend or loved one post bail. www.mybailhotline.com
  16. 16. www.mybailhotline.com

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