Frequently
Asked Questions………
Q: When do I get my Premium back?
A: Premium for a Bond represents a fee
for services rendered in securing release of
the defendant from custody and
is Non-refundable.
Q: Do I have to tell my Bondsman if I move?
A: Yes,
the Bondsman needs to be aware of Any address or telephone numbers
that have changed.
Q: Bondsman can decide what to charge for the Bonds right?
A: No,
the Bondsman and All matters of the Bond Process are regulated by the
state’s
Department of Insurance.
Q: My Bond was only $1,000, why did I have to pay $200 to get out?
A: If
you had a total Bond amount of $1,000 but you had two charges (2 Bonds) and
they were each $500 for example,
each of those Bonds are Automatically $100 not
10%. Any Bond with a face value of $0 to $1,000 automatically
has an individual fee
of $100 per Bond.
Q: What is Failure to Appear?
A: This
is when the defendant does not go to court (appear) on the date and time
ordered
by the court.
Q: Will I get a Warrant for my arrest if I miss court?
A: Yes,
a warrant will be issued for Failure to Appear. (In some instances the Bondsman
can
have a court date re-scheduled.)
Q: What does 10% of the Bond mean?
A: 10% percent of the face value of each Bond
over the amount of $1,000. Any Bond with
a
face value of $0 to $1,000 automatically
has an individual fee of $100 per Bond. This is
called Premium payment.
Q: What is Collateral?
A: Something
of value either pledged as security or turned over to the bail agent to hold
until the Bond has been completely
discharged by the court.
Q: What is a Co-Signer (Indemnitor)?
A: One
or more people who sign a Contract with the Bondsman stating they will pay any
and
all expenses the bondsman incurs returning the defendant to court if the
defendant
Fails to Appear.
Q: What is a Surrender?
A: Returning
somebody to the custody of the court (jail).
Q: What is Premium?
A: The
fee paid to the Bondsman for posting the bail bond and assuming physical and
financial responsibility for the Defendant
to Appear in Court.
Q: Who regulates Bail
Bonds?
A: The state’s Department of Insurance.
Q: My family member lives in another state,
can they post my Bond?
A: Yes, in most cases the Bond process and
Payment of Premium can be made over the
phone.
Q: I Co-signed for a Bond and the Defendant Failed to Appear, now
what?
A: Firstly,
cooperate with the Bondsman. Provide them with as much information as you
have to the fugitive’s whereabouts. If
the Defendant makes contact with you encourage
them to surrender to the Bondsman
or law enforcement. If a fugitive does not surrender
by the Due Date established by
the Court, the Bondsman must remit the entire Face Value
Amount of the Bond to the
court and will proceed to liquidate collateral. You are therefore
Financially Responsible for
this total Amount (per contract).
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