What is a bail bond?
It is a monetary guarantee to the court that a defendant will appear every time the defendant is ordered while the case is pending using collateral to secure the bond.
How long is the bond good for?
A bail bond is normally active for the entire length of the case and expires after 3 years in Florida. At that time a Judge may or may not require a new bond.
How much does a bail bond cost?
The cost of a bail bond is 10% when the bond exceeds $1000. If the bond is less than $1000, our minimum fee is $100. The fee for Federal Bonds is $15%.
What is an Indemnitor?
A co-signer for the inmate who needs a bail bond. They are held financially responsible if the defendant fails to appear for the full amount of the bond. It is important that the co-signer remains in contact with the defendant until the case is resolved.
What is collateral?
Collateral is an asset offered by the indemnitor to secure the bond so the defendant appears in court. After the court date the collateral is returned to the indemnitors. If the defendant fails to appear the collateral (assets) is converted to cash to pay the bond to the courts.
What can be used as collateral and how can it be used?
Collateral may take different forms from promissory notes and indemnity agreements to automobiles titles, real estate deeds, cash or anything of value. Once a defendant completes their court appearances the collateral is returned.
What happens if a defendant fails to appear?
We will assist you in either reinstating the bail with the court or surrendering the person back into custody. If we are unsuccessful, the court will demand the full amount of the bail paid in full and convert the collateral to cash to pay the courts.