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In what instance is cash bond returned to the defendant?
Cash bonds are returned to the one who posted them when the Court orders the bond exonerated or when the case has been completed. Cash bonds may not be returned if the Court forfeits the bond for payment of fines or if the defendant Failed to Appear to his hearing. For a complete discussion of cash bonds and Frequently Asked Questions see http://cashonlybailbonds.com/faqs.html
What does bond status INACTIVE mean?
Bond status INACTIVE typically refers to a bond that is no longer active or functional. This could be due to various reasons such as reaching maturity, being redeemed by the issuer, or the bond defaulting. An inactive bond generally does not pay interest or provide any value to the holder.
Does a bail bondsman pay the entire bond amount?
The bail bondsmand does not pay the full amount unless the defendant fails to appear at trial or any hearings that require his appearance. A licensed bail bond company enters into an agreement with the defendant and the court. The defendant pays the bail bond company a fee, usually 10--15% of the bond amount set by the court. The bail bond company agrees to pay the court the amount of the bond if the defendant fails to appear for trial at any point that he is out on bail. The bail bond company does not actually provide the bond amount unless the defendant fails to appear.Sometimes the court will require that a defendant obtain a corporate surety bail bond even if he has the assets to put up for bail. This is usually done when the defendant has access to a considerable amount of assets, say proceeds from an illegal activity, and the court wants a third party to guarantee the defendant's appearance. Bail bond companies don't like to pay bonds when their clients "skip" trial, and will pursue the defendant relentlessly. For that reason, some judges will order a defendant held pending establishment of a corporate surety bond.Also, most bail bond companies don't actually have the funds on hand. They are financed by finance companies who specialize in providing such bonds. If the defendant fails to appear and is declared a fugitive, the financing company is the one who actually provides the funds. However, the bail bond company is still obligated to the financing company. If the amount of bond is high, most bail bondsmen will require the defendant, or someone willing to assist the defendant, to put up an asset as collateral. This quite often is real estate, in which case the defendant mortgages his property to the bail bondsman.In some jurisdiction, the court will allow the defendant to pay to the court the usual percentage in lieu of obtaining a bond. So, if the court sets the bond amount at, say, $10,000, the defendant can pay the court $1000 cash in lieu of obtaining the bond. In most cases, the defendant receives a refund of the cash amount once his case has been adjudicated. This usually only happens when the risk-of-flight of the defendant is considered minimal
Can you Pay traffic fines with promissory notes?
No, traffic fines typically require payment in the form of cash, credit/debit card, check, or online payments. Promissory notes are not accepted as a form of payment for traffic fines.
What is the role of a bail bondsman?
A bail bondsman or bail bond company is an individual or company that is licensed by the state to provide corporate surety bail bonds in criminal cases. A licensed bail bond company enters into an agreement with the defendant and the court. The defendant pays the bail bond company a fee, usually 10--15% of the bond amount set by the court. The bail bond company agrees to pay the court the amount of the bond if the defendant fails to appear for trial at any point that he is out on bail. The bail bond company does not actually provide the bond amount unless the defendant fails to appear. Sometimes the court will require that a defendant obtain a corporate surety bail bond even if he has the assets to put up for bail. This is usually done when the defendant has access to a considerable amount of assets, say proceeds from an illegal activity, and the court wants a third party to guarantee the defendant's appearance. Bail bond companies don't like to pay bonds when their clients "skip" trial, and will pursue the defendant relentlessly. For that reason, some judges will order a defendant held pending establishment of a corporate surety bond. Also, most bail bond companies don't actually have the funds on hand. They are financed by finance companies who specialize in providing such bonds. If the defendant fails to appear and is declared a fugitive, the financing company is the one who actually provides the funds. However, the bail bond company is still obligated to the financing company. If the amount of bond is high, most bail bondsmen will require the defendant, or someone willing to assist the defendant, to put up an asset as collateral. This quite often is real estate, in which case the defendant mortgages his property to the bail bondsman. In some jurisdiction, the court will allow the defendant to pay to the court the usual percentage in lieu of obtaining a bond. So, if the court sets the bond amount at, say, $10,000, the defendant can pay the court $1000 cash in lieu of obtaining the bond. In most cases, the defendant receives a refund of the cash amount once his case has been adjudicated. This usually only happens when the risk-of-flight of the defendant is considered minimal.
Where can you cash a Seafirst Savings Bond?
Where can I cash in a Seafirst savings bond
Where to cash a US savings bond?
Cash a savings bond at any bank.
What do you do to get a signature bond for Missouri?
You can pay cash in order to get a signature bond for Missouri.who do I pay cash to?
Can a spouse cash in a savings bond?
Yes, a spouse can cash in a savings bond, but it depends on the ownership type of the bond. If the bond is solely in one spouse's name, that spouse must be present to cash it in. However, if the bond is co-owned or registered in both names, either spouse can cash it in without the other's consent. It's important to check the specific terms and conditions associated with the bond.
How much cash bond is 50000 dollars if charge with a crime?
The exact amount of cash bond needed for a $50,000 charge would depend on the specific circumstances of the case and the court's determination. Typically, the cash bond required is a percentage of the total bond amount, which can range from 10% to 20%. So, the cash bond could be between $5,000 and $10,000 in this scenario.
How can I cash in my birth certificate bond?
You cannot cash in your birth certificate bond. Birth certificate bonds do not exist, and there is no legitimate way to cash in a birth certificate for money.
What does th XC stand for on a 5500XC bond?
XC is a designation of a split bond used by the Marion County Indiana Superior Courts. The XC designation means the bond is composed of a cash bond and a surety bond. The cash bond component may be posted by anyone in the entire cash bond amount ordered by the court. The surety bond is posted by a commercial bail bondsman. The bail bondsman charges 10% of the surety bond amount set by the court. All or a portion of the cash bond deposit can be refunded by the court. By law, the amount paid to the bail bondsman may not be refunded. In this instance of a $5500 XC bond, the cash bond is $500 dollars and the surety bond is $5000. The total paid to post the bond would be $1000: $500 cash and $500 dollars to a commercial bail bondsman.
What does post bond mean?
Answer If you are asked to post bond and as far as I know this only happens in the US, then that bond is paid for out of cash. There are people in the bond business that post bonds at a rate to be paid back when the person returns to court.
What is the difference between the judge giving a surety bond or cash surety?
A surety bond can be supplied by a bailbondsman who only puts up a percentage of the amount of money needed, but is liable for the whole amount if the defendant absconds. Cash surety is the ENTIRE amount of the bond must be posted, not just a percentage of it, as in the previous example.
What does "cash offers only" mean when buying a house?
"Cash offers only" means that the seller of the house will only consider offers from buyers who can pay for the house in cash, without needing a mortgage or other financing.
Can you have someone else cash US Savings bond?
No. The only person who can cash the bond is the person who's name is on it. Even if you sign the bond no one else can cash it but you. The one exception would be if you were to pass away and your kids were to inherit the bonds. However, within that exception the bonds can not be signed. So for future reference if anyone is planning to leave an inheritance that includes bonds please make sure they are not signed.
Can you cash a savings bond for someone who is deceased if you have power of attorney?
Power of attorney is not valid after the death of the principle. You will have to be appointed executor to cash a savings bond.
