Just what "premium"?
A "premium" is the amount paid to some Bail bonds company for that many services and financial risks assumed by the Bail Bond Company, with respect to the defendant. The quantity of this premium I usually 10% from the quantity of the bail, even though some bail bond companies offer discounts of up to 2% under special circumstances. This really is similar to payment of any premium for an insurance policy.
Are Bail Bond Agents licensed and registered?
Yes, Bail Bond Agents must undergo a criminal record check, pass a 4-hour examination, and acquire a license in the California Department of Insurance. To keep the license, agents must attend 8 hours annually of continuing education.
How much does a Bail Agent Charge?
A bail agent charges the amount of the premium.
Just what Bail Contract and do you know the main terms?
A Bail Contract spells the relationship and obligations from the defendant, a legal court, the bail bonds company, the surety insurance company behind the bond, and the indemnitors of the bond.
What is the duration of a bond?
A bond is within effect before defendant completes his obligations to the court. This results in it ends once the defendant appears in the court when scheduled.
What does a bail agent do for that consumer?
Together with his/her cash on the line, a bail agent has a financial interest in supervising bailees, and making certain they appear for trial. If a defendant "skips," the bail agent has time and the financial incentive to find him/her and bring him/her in. Significantly, commercial bail bond agents profit only when the defendant turns up for trial.
What's "collateral"?
Collateral is usually given by relatives and friends of the defendant and provides added financial security to ensure that the defendant appears in court when he or she is designed to. Collateral can be in the form of anything of financial value that's legally pledged to back up the promise that the defendant will appear on his / her appointed court date.
What happens if the defendant fails to appear?
This really is considered a "forfeiture."
Exactly what does "forfeiture" mean?
A forfeiture occurs if your defendant fails to appear in court as scheduled. On this event, the bail bonds company has approximately 6 months to "surrender" the defendant towards the court without any financial consequences. If the does not happen, the text is payable to the court through the Bail Bonds Company.
May be the premium paid refundable?
No - the premium amount is for the many service supplied by the Bail Bonds Company to release the defendant from jail and make sure he appears in court. The premium is not refunded when the defendant appears in the court - whether or not the charges are dropped.
When do I get my collateral back?
Collateral is returned to its owners immediately following the payment of all premiums and the "exoneration" from the bond through the court. If your forfeiture occurs, collateral may be lost.
What does "exoneration" mean?
A bond is "exonerated" when the defendant appears in the court as scheduled. Which means that neither the people who supplied collateral or the Bail Bonds Company has any further indebtedness towards the court in mention of the the defendant's case.
A "premium" is the amount paid to some Bail bonds company for that many services and financial risks assumed by the Bail Bond Company, with respect to the defendant. The quantity of this premium I usually 10% from the quantity of the bail, even though some bail bond companies offer discounts of up to 2% under special circumstances. This really is similar to payment of any premium for an insurance policy.
Are Bail Bond Agents licensed and registered?
Yes, Bail Bond Agents must undergo a criminal record check, pass a 4-hour examination, and acquire a license in the California Department of Insurance. To keep the license, agents must attend 8 hours annually of continuing education.
How much does a Bail Agent Charge?
A bail agent charges the amount of the premium.
Just what Bail Contract and do you know the main terms?
A Bail Contract spells the relationship and obligations from the defendant, a legal court, the bail bonds company, the surety insurance company behind the bond, and the indemnitors of the bond.
What is the duration of a bond?
A bond is within effect before defendant completes his obligations to the court. This results in it ends once the defendant appears in the court when scheduled.
What does a bail agent do for that consumer?
Together with his/her cash on the line, a bail agent has a financial interest in supervising bailees, and making certain they appear for trial. If a defendant "skips," the bail agent has time and the financial incentive to find him/her and bring him/her in. Significantly, commercial bail bond agents profit only when the defendant turns up for trial.
What's "collateral"?
Collateral is usually given by relatives and friends of the defendant and provides added financial security to ensure that the defendant appears in court when he or she is designed to. Collateral can be in the form of anything of financial value that's legally pledged to back up the promise that the defendant will appear on his / her appointed court date.
What happens if the defendant fails to appear?
This really is considered a "forfeiture."
Exactly what does "forfeiture" mean?
A forfeiture occurs if your defendant fails to appear in court as scheduled. On this event, the bail bonds company has approximately 6 months to "surrender" the defendant towards the court without any financial consequences. If the does not happen, the text is payable to the court through the Bail Bonds Company.
May be the premium paid refundable?
No - the premium amount is for the many service supplied by the Bail Bonds Company to release the defendant from jail and make sure he appears in court. The premium is not refunded when the defendant appears in the court - whether or not the charges are dropped.
When do I get my collateral back?
Collateral is returned to its owners immediately following the payment of all premiums and the "exoneration" from the bond through the court. If your forfeiture occurs, collateral may be lost.
What does "exoneration" mean?
A bond is "exonerated" when the defendant appears in the court as scheduled. Which means that neither the people who supplied collateral or the Bail Bonds Company has any further indebtedness towards the court in mention of the the defendant's case.