How Do Bail Bondsmen Get Paid?
- Bail bonds are designed to get a friend or relative released from jail without having to pay the entire bail amount, according to BailYes.com. Bail bonds are written contracts between the defendant or co-signer and the bail bondsman. The bondsman guarantees, by posting bail, that the defendant will appear in court on the appointed date.
- A bail bondsman loans people money to pay their bail, according to the Just Cause Law Collective website. The bail bondsman will then give the court a bond and secure the release of the criminal suspect.
- In most states, the bail amount is set by a judge. A bail bondsman typically charges a fee of 10 percent of the entire amount of bail, and this fee is non-refundable. So, if your bail is $20,000, the fee paid to the bail bondsman would be $2,000.
- Bail bondsmen often charge additional fees if they have to renew a defendant's surety bond. This means you will pay the bail bondsman an additional percentage of the bail amount. This typically happens when cases take longer than one year.
- A bail bondsman may require collateral before posting the bail bond. Bail bondsman require collateral to make sure you appear in court; and if you do not appear, they can sell the collateral. Collateral can be property, cars, stocks, bonds or personal credit.
Bail Bonds
Bail Bondsman
Bondsman Fee
Additional Fees
Collateral
Source...