Q. What is a surety bail bond?
A. A bail bond is a three-party contract between the Courts, the Bondsman, and the Indemnitor.It is the Bondsman who guarantees to the Court that the accused - when released on bail - will be present for each and every court appearance in the future. In turn, the Indemnitor guarantees to the Bondsman that he/she will make sure that the Defendant goes to Court when required. For this "Bond Contract", the Bondsman charges a percentage of the total bond.
Q. How much does a bail bond cost?
A. In Florida state court the premium is10% of the bond value.
Q. Is the premium refundable?
A. No. The bail bond fee is fully earned once the bond is posted for the defendant and he/she is released or transported to another facility, as per Florida Law.
Q. What is collateral?
A. Collateral is anything of value that is provided to the bail agent as security for the bond.
Q. What can be used for collateral?
A. Collateral can be your property, land, or cash. In some instances, bank CDs, stocks, and bonds may be utilized.
Q. When is the collateral returned?
A. The collateral is returned once the bail agent receives a Bond Discharge from the court. A "Bond Discharge" is the document that officially releases the bail agent from any further responsibility on the bond. It usually takes 7-21 days for the bail agent to get the discharge once the case is over.
Q. How long does it take to get released from jail?
A. County jails usually release the defendant with 2-8 hours of the bond being posted. In some instances, due to volume it can take as long as 12-24 hours.
Q. How do I know when the Defendant has to go to Court?
A. All courts notify the defendant by mail of their court dates. As a courtesy, most jurisdictions also notify the bail agent of the court dates, too. This is done either by mail or by phone. However, It is your responsibility to make sure the defendant knows about the court date, and appears.
Q. Can I finance part of the bail bond fee?
A. Perhaps. Each circumstance is unique; therefore we will review with you your particular circumstances and then offer possible solutions.