We did a post recently about finding a bondsman and since then we have been contacted by a few individuals that wanted to know more about exactly how bail bonds work.
It definitely can be a scary experience when someone calls you and says they are in jail and need you to post bail for them and you have no idea what to expect. So we did a little research and found some great information across the web about bail bonds. Now you need to keep in mind that it does vary a little from state to state, especially the fee charged by the bondsman that you will NOT get back.
This article we found written by Christopher Reinhart on Connecticut’s General Assembly website has a lot of good information that explains more about the fees from all the different states –
You asked what fees other states allow bail bondsman to charge on bonds.
We compiled information on 27 states based on a search of statutes and contacting state agencies. We found 14 states where a statute or rule sets the fee or a fee range. Of these 14: (1) four set a required fee with the lowest at 10% and the highest at 15% and (2) 10 set a range with a maximum fee, with the lowest limit set at 10% and the highest limit at 20%.
We found four states (Illinois, Kentucky, Oregon, and Wisconsin) that do not have commercial bail bondsmen and five states (Hawaii, Kansas, Minnesota, Missouri, and Oklahoma) that do not regulate fees.
In five states (including Oklahoma), we found information on fees typically charged by bondsmen which indicates that fees are usually around 10%.
STATES WITH STATUTE OR RULE SETTING RATES OR PREMIUMS
The table below displays the information on the 14 states where we found a statute or rule setting the fee or a fee range.
States with a Statute or Rule Setting Bail Rates or Premiums
So with that information if you know how much their bail amount is you can figure out roughly what it will cost you to get them out of jail. REMEMBER – you will not get the money back that you pay a bondsman. That is how they make their money and how they put food on the table.
Then you have all the different types of bonds, Surety, Cash and Property Bonds. EHow.com has a great article describing the difference in these bonds and how they work –
When people are arrested, bail bonds are used to get them out of jail. Once they’re out, a bail bond is motivation for the accused to show up for all scheduled court dates, as failure to appear can result in the forfeiture of the money that has been deposited or property that has been pledged.
If a bail bond company was hired to post bail, a defendant who doesn’t show up for an appearance may be apprehended and dragged back to court by a bail enforcement agent, also called a “bounty hunter,” to prevent forfeiture of the company’s money. On the flip side, at the close of a case during which the accused appeared at all required hearings, money may be refunded and property returned, depending on the type of bond that was used.
Surety bonds are posted by state-licensed bail bond companies that can be hired by the defendant, a friend or a family member. With a surety bond, the company guarantees that it will forfeit the full bail amount if the accused does not return for required court appearances. Generally speaking, bail bond companies charge a fee of 10 percent of the full amount of bond, which becomes nonrefundable once the person is released from jail. Compared to other alternatives, paying this fee may be the least expensive option for posting bail. A defendant who does not return is considered a fugitive; a warrant for her arrest will be issued and the bail bond company can hire a bounty hunter to find and capture her and return her to court.
Click Here To Continue Reading – http://www.ehow.com/how-does_4567851_do-bail-bonds-work_.html
So there you have it. If you are looking for even more information about bail bonds then have a look at this WordPress Blog Here from Get Outta Jail GA.We also added a short video that describes a little about the process for those of you that don’t like to read and would rather watch a video. We hope all this information helps!