A bail bond is a written agreement to secure the release of a defendant, promising to pay a certain amount to a court if the defendant fails to appear in that court at a scheduled time with regard to the charges for which the bond was written. If the defendant fails to appear and is not present in court within a certain time period, the full amount of the bond is paid to the court. In turn, the bail agent or any surety company through which the bond is written, will look to any indemnitor(s), collateral, and/or defendant for payment of the bond and reimbursement of costs incurred.
You will need to know the full legal name of the person you are calling about as well as the jail in which they are being held. It is also helpful if you know their date of birth and what they have been charged with. The agent on call will ask you some questions and if he/she is able to write the bond, he/she will meet you at the jail, the courthouse, or another designated location to complete paperwork and collect premium and any collateral.
The premium charged for a bail bond typically is 10% of the bond amount. In other words, if a bond is a secured or surety bond set at $5000, $500 premium is paid for the bond. The premium can be paid with cash. In some cases, arrangements for a payment plan may be acceptable. The premium is not refundable.
In addition to premium, collateral may need to be pledged for the bond. This might include cash, real property, personal property, an assignment of an interest, etc. Collateral is not returned until the bond is exonerated and all liabilities associated with the bond are satisfied. For additional information regarding A-1 Bail Bonds or our rates contact us at 563-326-5365.
If the defendant fails to appear in court the bail bond may be forfeited. In turn, the cosigner may owe the bonding company the full amount of the bond.