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A bail bond agent is a person or corporation that will act as a surety and pledge for money or property as bail for the appearance of an accused person in court. However, this is a less common type of surety, banks and insurance companies usually play the role of sureties.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoWhen a person has been arrested for a crime, a bail bondsman offers money to the court so that the defendant can remain free until their trial. A bail bondsman will often charge a percentage of the bail. Not all who have been arrested will require bail, as some are deemed too dangerous or too much of a flight risk.
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Can a bail bondsman kept the bond for their fee?
When someone gets a bail bond, they pay a non refundable fee to the bail bond agent. This is called a premium. It is similar to any other insurance product that you purchase that involves the payment of a premium to the insurance company (in this case the bail agent...who is actually an independent contractor of an insurance company). Other than this payment, the bail bond agent does not receive any additonal fees on a straight bail bond transaction. There are some very good videos explaining the process at ExpertBail's website under the Video FAQ section.
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
How does one become a professional bail bond agent?
To become a professional bail bond agent, one first has to become licensed. This requires a felony free background along with three named people as referees.
If a bail bond is exonerated do you get a refund from the bail company where you posted bail with?
Exoneration of a bail bond simply means that the defendant has been adjudicated and the bail liability has been released from the bail bond agent.When a bail bond is posted and a fee is charged by the bail agent that fee is non-refundable no matter if the charges are never filed, the defendant gets parole revoked and put back into custody, or the defendant is adjudicated.
Automobile as collateral for bail bond?
Based on the bail bond agent that you are working with, they may or may not accept your automobile as collateral. That is typically up to the individual agent. Determining factors typically will include the size of the bond, the condition and market value of the car, etc.
Where can one get immigration bail bonds?
"A person can find out about immigration bail bonds from an immigration bail bond company,from a bail bond agent, from a courthouse or from a government office."
Who is the largest bail bond company in the US?
The largest branded network of bail bond agents in the country is ExpertBail. Founded by AIA, the nation's oldest and largest underwriter of bail in the country, the ExpertBail Network is comprised of over 5000 verified and trusted bail bond agents. Anywhere in the 46 states that allow commercial bail, there is an ExpertBail agent there to help you.
What is bond revocation?
A bail bond can be revoked by the bondsperson, for a violation of the terms of bail IE: possession of drugs, firearms or lying on your application. It can also be revoked by a court. Hope this helps. - SoCal Recovery Agent
What kind of activity is bail bonding?
Bail bonding occurs when a bail bond agent pledges money as bail for an individual who is accused of a crime. While this is a common practice in the United States, it does not occur in most other countries.
If your bail is 100000 how much is the bond?
It really depends on what state you are in. Typically the bond premium (the amount you pay a bail agent) is between 10%-15% of the bond. So in the case of a $100,000 bond, you would pay somewhere between $10,000 - $15,000. In addition to the premium, you will most likely have to put up other assets equivalent to the total bond as collateral with the bail agent. Ultimately if the person fails to show up for court the bondsman is responsible for the full amount of the bond ($100,000). This is the value that bail agents bring to the criminal justice system. By letting someone out of jail pretrial, and financially binding them and others (family, friends, bail agent, etc.) the person is more likely to show up in court to have their case heard. Without this financial accountability and the bail agent to ensure their appearance, most people would never show up at court (much like they don't when released through government sponsored "free bail" programs).
Money to guarantee appearance in court?
Bail bond Surety bond. Bail
Commission rates for bail bonds?
General commission rates for a bail bonds company is 10% depending on the rate set by your state. However most bonds are backed by a surety company or a general bail bond agents property. Therefore an individual Missouri Bail Bonds agent can expect to earn anywhere from 2%-7% on each bond as they must pay their GA or Surety on each bond executed.
