0
This depends on how you posted bail
A bail Bondsman wants 100% of the bail plus his service fees.
If the bailed person skips you can bet he wants extra and can collect or seize the property you put up.
Added: Yes. you (or a bailbondsman) forfeit the full amount of the bond. Why do you think that there are skip treacers and bounty-hunters?
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
If a person has a bail amount of 30 thousand dollars and a bond is 10 percent which is 3 thousand dollars how much does the person paying the bond get back if the acussed is found not guilty?
The person paying the bond does not get anything back. The purpose of paying a bond is so you don't have to come up with the full amount of the bail. The 10% that you pay a bondsman it what he earns for guarnteeing you will appear in court. If you don't appear then the bondsman loses the full amount of the bail.
Which bail system requires the defendant to pay a percentage of the bond to a bonding agent who then posts the full bail amount?
Surety bail system
If you sign a bond for someone to get out of jail can the bail bondsmen issue a warrant for you if they jump bail?
No, but you will become liable for the full amount of the bail jumpers bond.
How does a bail bondsman earn money?
In much the same way as an insurance company earns money. A bail bond is basically an insurance contract paid for by an arrested person to get out of jail before trial. The person pays a premium for the bond based on the amount of the bond. If the person shows up for trial, the bondsman keeps the premium. But, if the person skips town the bondsman will have to forfeit the entire amount of the bond to the state of federal government. It works like life insurance only instead of the insurer/bondsman paying the face amount of the policy on the death of the insured, the bondsman pays it on the faiure of the person to show for trial.
How do bail and bail bonds work?
You put up property or pay the amount of cash required. If you show up for your court date, you get your money returned to you. If you have to hire a bailbondsman, he keeps a certain percentage of the amount as his fee. If you do not appear your bail is forfeited and you are arrested.
Do you get your bail bond money back if no charges filed?
No. A bail bond is a form of insurance. The person posting the bond makes a payment to the bondsman, who then guarantees the full amount of the bail if the person bailed doesn't appear for court. The fee paid to the bondsman is like an insurance premium. It isn't returned, the same way that your auto insurance company doesn't give back your insurance premium if you go the term of the policy without having an accident. If you post the full amount of the bail in cash, the court returns that money (sometimes less any fines or court costs) when the case is concluded and the accused is no longer under the court's jurisdiction.
Is bail money returned when the accused turns up for trial?
if you use a bail bondsman no, if you posted the Full bail amount you will get your money back after the defendant is completed with all the court dates and when he is finally sentenced. The bond will be exonerated. no exon, no return of money.
What can help a person get out of jail before his or hers trial is held?
This depends on whether the person is being held in lieu of bail. If the person is being held on a serious charge for which there is no bail bond allowed, then there is not much that can be done to procure his release, except have his attorney filed a motion for a reduction of bond. Otherwise you can either post the bond in cash for the full amount - something that will be returned to you upon the conclusion of the court case, save any court costs - or you can have bail bondsman write out a bail surety bond, which will be discharged upon the conclusion of the case (acquittal or sentencing).
If you are given a set bail from court do you have to pay it in full to the court?
There can be exceptions, but most often, the court will customarily accept ten percent of the full amount as your bond to appear.
What does cash only bond mean?
It means that the arrested person may only bail themselves out with cash. They cannot seek a bondsmen to assist in their bail. In this situation the 10% option is discarded and bail will only happen if the defendant pays the full cash value of the bond.
Do you get your money back if the bail has been exonerated?
No, BAIL money is not returned, if you use a BAIL BONDSMAN, If you post the FULL BAIL AMOUNT with the clerk of the jail or court they will refund your money and proceedings are over and the defendant is finally sentenced. Paying a bondsman is usually ten percent of the bail money that the court sets. This is their fee that they charge in the event that you do not have the full amount of bail that the court sets. Bail is used to insure that someone will show up to their court hearing. If they show up and are there throughout the trial, at the end, whether they are guilty or innocent, the bail money is returned.
How much of the 10 percent does the bail agent give the bonding company?
There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.
