Bail Bond Rate
The bail bond rate is a premium that is charged for the service of posting bail for someone who has been arrested. It is usually around 10% of the bond amount set by the court. It is a non-refundable fee that goes towards the cost of the bondsman’s services. There are additional fees that may also be applied, but they are disclosed up front before the bail bond is purchased. These are usually for legal expenses, insurance company fees, or victim funds.
A person who is arrested can’t work or otherwise make money while they are in jail, which makes it hard for them to get out. Bail bond companies can help alleviate this financial burden by posting a bail bond for a small percentage of the full bond amount. This is a great way for people to get out of jail and continue to support their families while they await their trial.
When a judge sets bail, they take a variety of factors into consideration. The type of crime, the location, and the criminal record of the accused are all important factors. In addition, many jurisdictions have standardized schedules that apply to certain crimes. This can lead to large differences in bail amounts for similar charges across different jurisdictions.
For example, assault charges can range in bail amounts from $10,000 to $200,000 depending on where the crime took place and the severity of the crime. In addition, the court may take into account whether or not the defendant is a flight risk, whether they are a repeat offender, and their relationship with family members.
What is the Bail Bond Rate?
Most courts will try to keep bail as low as possible, so that it is affordable for most people. This is especially true if the defendant has no prior criminal history or a very light one. However, a judge will look at all of these factors when setting bail and will determine what they consider to be the best course of action.
In addition, the judge will typically require some form of collateral in order to secure the bail bond. This can be in the form of a home, car, cash, or even jewelry. This is to ensure that the defendant will attend their court dates and not leave town before their trial takes place. The bail bond agency will hold this collateral, and will often call the defendant before each court date to make sure they are coming.
If the defendant does not appear in court, the bail bond agency will be required to surrender the collateral back to the courts. This is a huge reason that it is so important to hire a professional bail bondsman. The bail agent will make sure that the defendant appears for each of their court dates and will help them navigate any additional processes if needed.
If you are in need of a bail bondsman, call Justice bail bonds today to see how we can help you. We have over 20 years of experience helping people get out of jail. Our team is always available and ready to assist you.