PLEASE BE SURE TO READ OUR OVERVIEW OF 'HOW A BAIL BOND WORKS'
What Is 'Bail Amount' And 'Bail Premium'?
The bond amount is the full amount of the bail that was set by the court either directly or through a bail schedule. The premium is the dollar amount owed to the bail agency for posting the bond. Usually this premium is 10% of the bond amount. For example, if the bond amount is $50,000, the premium owed would be $5,000.
What Are The Bail Bond Premium Rates For El Don Bail Bonds
The law in California says that all bail bond companies post their rates publically. This is to prevent fraud against families in difficult situations. However, the rates are standard for most California bail. El Don Bail Bonds charges the state mandated 10% of the face value of the bond (payment plans are available). In situations where a private attorney, union membership, military (current or veteran) or AARP is involved El Don Bail Bonds is one of the few companies that can offer a 20% discount and charge 8% as opposed to 10%.
Will The Bail Bond Premium Be Returned To Me When The Court Case Has Concluded?
No.The bail bond premium is the fee for services rendered to secure the release of an inmate.If no charges are filed, or different charges filed, the money paid and/or pledged for the bail bond premium is retained/owed to the bail company. Once the bail bond is posted and accepted by a court or jail, liability is taken on the bail bond. At that point the bail bond premium is fully earned and is not refundable. El Don Bail Bonds can offer an 8% in most situations, please call immediately to see if you qualify.
As An Indemnitor (Co-Signer) When Does My Obligation End?
Quite simply, when all monies for bail premium are paid, and the bond has been exonerated.If the defendant's case is settled, through sentencing, a plea bargain or other means, the court will exonerate the bail bond.That means that the bail company is no longer liable for the bond and future appearances; which, in turn, means that the co-signer is no longer liable as well.Once a defendant is sentenced, the bond no longer guarantees appearance.
What Is A Bond Forfeiture?
Bail bond forfeiture results when a scheduled court appearance is missed. If a defendant misses a court date, the court will issue a bench warrant for their arrest. The court also sets a deadline for when either the defendant must be located/returned to custody -- in California 180 days, less the full face value of the bail bond be paid to the court.Obviously, that is the worse case scenario, and the indemnitor and bail company need work hand in hand to return the defendant to the jurisdiction of the court.