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Is the person who hires a bail bondsman responsible for the whole bail amount if the defendant fails their obligation?
Wiki User
∙ 10y ago
When a Bail Bond Company writes a bond, they are responsible for the bond amount if the defendant fails to appear. The indemnitor (person who gives collateral for the bond) is responsible to the extent that they will lose whatever they gave the bondsman for collateral if the bond is forfeited. That is why bond agencies try to find the defendant and bring him to jail before the bond forfeiture hearing, so they do not have to pay the courts the amount of the bond. Bond companies pay the courts in CASH regardless of what type of collateral was used for the bond.
Wiki User
∙ 10y ago
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What if bail bondsman charging you another fee?
A bailbondsman is simply a money-lender authorized to post bond money with the court. First and foremost, he is a businessman. Just ask him what the extra fees are for.A bail agent or bondsman can charge a set premium fee for the release of someone in custody. Most charge between 8 to 15% of the total bail amount. ( 15 to 20% for federal immigration bonds. )In addition, a bondsman can charge the defendant for collect phone calls, toll bridge charges and mileage if the jail is outside his or her normal area of operation. If the defendant is incustody in another state, the bondsman can charge the defendant a "posting fee." That is the fee charged for having a bail bondsman in the other state to actually post the bond at the jail holding the defendant.Other charges could include finance fees on unpaid bail bond premium balances, posting fees charged by the jail or court and electronic monitoring devices.More importantly, the bondsman is now the "jailer" for the defendant. It is the bondsman responsibilty to make sure the defendant appears for all ordered court dates. If the defendant misses any court dates, the bondsman has to locate and return that defendant to court or he or she will have to pay the full amount of that bail bond to the court.In the event of a failure to appear, all recovery and court costs will be charged to the defendant and or the cosigner.
If the defendant is being held in Texas can he post bond on a out of state charge and how?
Yes, it is possible for a defendant in Texas to post bond for an out-of-state charge. The process would involve coordinating with the relevant authorities in both Texas and the state where the charge was filed. Typically, the defendant or their representative would work with a bail bondsman to handle the necessary paperwork and payment of the bond amount.
Is bondsman responsible for refunding your money if person to be released is not?
Bondsmen do not return your funds. Bond, or bail, is a sum of money put up to secure a person's appearance in court. Often if a person does not have adequate funds to put up the full amount of bond, a person will hire a bondsman. The bondsman will require the person to pay a small portion of the bond (usually about 10%), and the bondsman will guarantee the appearance for the court, and will put up the full sum of the bond. When the person appears for trial, the bond is returned to the bondsman. The bondsman then retains the percentage collected as payment. If you retained the services of a bondsman instead of posting the full bond, you are not due anything returned when the defendant appears.
In VA if the amount being sued exceeds the amount the auto insurance covers what will the defendant be responsible for paying if the defendant owns no real propery and has no assets but is employed?
Wages will be garnished.
What happens to the bail bondsman when a person jumps bail?
The bail bond company (bail bondsman) will have to pay the amount of the bond. Bail bond companies don't actually post the full amount of the bond with the court officials. Instead, they agree to pay the bond amount if the defendant "jumps" bond and does not appear for trial or other court hearings. Once the defendant is returned to the jurisdiction of the court, some or all of the money is refunded to the bail bond company. In some jurisdictions, the bail bond company is given a reasonable amount of time to apprehend the defendant before being required to pay the bond amount. Added: In Texas, If a bondsman has reason to suspect that the defendant is not following conditions of bond, he will often file an affidavit to go off the bond, thereby resulting in a warrant for the defendant's arrest, and reduced liability on the part of the bondsman. I believe bond works differently in other states, however, because in other states bondsmen are known to actually facilitate arrests of their clients in order to get their money back. Regardless, however, if a felony defendant leaves the state and fails to report as required, it WILL result in a warrant, and once that individual is arrested in the other state, he/she will likely be returned to the state that issued the warrant.
How much is the lowest amount is 32000 with bail bondsman?
Usually the defendant must put up at least 10% in cash of the total bail amount. For $32,000 bail that would be $3,200 in cash or possibly some form of collateral.
How do you bail someone out of Riker's Island?
The first thing to do is contact a bail bondsman to find out the amount that is needed for bail. Once done, you must pay that amount to the bondsman and the bondsman will go to jail, pay the amount and that person will be released.
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.
Do you get money back from bail bondsman?
No. When posting bail (bond) you pay a bondsman an amount negotiated usually 10% of the total bail amount. Example $50,000 bail, you pay the bondsman $5,000 then put up co-lateral worth $50,000 and the bondsman is the one to pay the State/Court the balance. If the person on bail forfeits (skips out) on the bail then the collateral becomes property of the bondsman. The original $5,000 is how the bondsman earns his living.
Does a bail bondsman pay the entire bond amount?
No, a bail bondsman typically charges a fee, usually around 10-15% of the total bond amount, to post bail on behalf of the defendant. The defendant or their co-signer is responsible for paying this fee, not the full bond amount.
What is the role of a bail bondsman?
A bail bondsman is responsible for posting bail on behalf of an individual who has been arrested. They charge a non-refundable fee to provide the financial guarantee to the court that the individual will appear for their scheduled court dates. If the individual fails to appear, the bail bondsman may be required to pay the remaining bail amount.
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.
