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Herdo
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Post subject: Question about bailing someone out of jail Posted: Wed 11 Jan 2012 02:40 |
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Junior Poster |
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Joined: Fri 06 Jan 2012 15:49 Posts: 11 Location: Glendale, AZ
FRN Agency ID #: 0
Experience: None
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I have a question about the bail bond process that I just can't seem to get a straight answer for. I know someone here will have the answer.
Let's say I bail someone out that has had their bail set at $50,000. I charge them an upfront non refundable fee of $5,000 (10%) for bailing them out. I understand all of this just fine, but what I don't understand is, do I need to pay the courts the $50,000 upfront, or is that the reason behind being insured? To say, if the defendant doesn't show up, then the bail will be paid.
I'm curious because if the entire bail amount needs to be paid upfront, it sounds like one would need quite a bit of money to get started as a bondsman.
_________________ Andrew Harrison Phoenix, Arizona No experience currently, but looking to get my feet wet
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KARMA
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Post subject: Re: Question about bailing someone out of jail Posted: Wed 11 Jan 2012 07:37 |
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Joined: Mon 14 Feb 2005 10:59 Posts: 7563 Location: Arkansas
FRN Agency ID #: 340
Experience: More than 10 years
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When a Bond is written you are technically writing . . . a Post Dated Check TO the Court.
That check WILL be cashed should the Defendant FTA and you FAIL to produce him in the time that your State has allocated.
_________________
Do not consider anything for your interest which makes you break your word, quit your modesty, or inclines you to any practice which will not bear the light, or look the world in the face .... Marcus Antonius I AM Some Folks "KARMA" and A MODERATOR @ FRN
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speezack
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Post subject: Re: Question about bailing someone out of jail Posted: Wed 11 Jan 2012 08:26 |
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in memoriam |
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Joined: Fri 02 Mar 2007 10:51 Posts: 5055 Location: South Central Virginia
FRN Agency ID #: 1474
Experience: More than 10 years
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Allow me to add just a bit more, although LuVonda's answer is the bottom line... if you are a Surety agent with full liability you issue a "power of attorney" issued by your surety for the amount of the bond. The face amount is not payable unless the court orders it due to a "forfeiture" which can basically be for any reason the court deems. FTA is usually the case but not always... I personally have had courts forfeit the bond for reasons other than appearance, which is totally against the wording on most powers... since you as a bonding agent are issuing an "appearance bond" only... you are not guaranteeing compliance with any other conditions, but courts do what they want, period and the can and sometimes do hold the bondsman liable for the defendant violating other conditions.... like "conduct".
If you are a posting agent, you are not liable for anything, period... you write the paper, collect the fee from your surety or general agent and that's that.
The "check to the court" is actually from the surety down to you. Property bondsmen are fully liable also and in fact do write a check (not literally) which is held by the courts until adjudication. If a surety bond forfeits, the surety is the first one to suffer... they can in turn hit you for the face amount but they can be terminated in that jurisdiction or the entire state depending on the rules of that state and the bondsman may be out of business but liability for payment of the bond is on both shoulders, surety and bondsman.
I will say this... if a bond forfeits and the bondsman for whatever reason, does not pay the forfeiture... you can rest assured that the surety will pay it... because they ultimately stand to be shut down and they more than likely will not let that happen... they may go after the bondsman but that will be after the fact.
Some bondsmen are both surety and property, giving them a wider range of capabilities.
Note that I am in Virginia, so my answer is coming from that state and may differ in yours.
_________________ Bill Marx, Sr. "FREE STATE BAIL BONDS" "FREE STATE INVESTIGATIONS" DCJS: 99-176979 Cell: 434-294-0222
"Endeavor to Persevere" "Lone Watie"
"Good judgment comes from experience, and a lot of that , comes from bad judgment" "Will Rogers"
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B Williams
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Post subject: Re: Question about bailing someone out of jail Posted: Wed 11 Jan 2012 12:37 |
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Advanced Poster |
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Joined: Wed 20 Apr 2011 14:25 Posts: 1351
FRN Agency ID #: 3902
Experience: More than 10 years
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Bill M is right on with his explanation in my state as well. I'm PMing you a number to call, The guy is a Bondsman out of AZ his name is Bill. Might be good to talk with him .
_________________ Bill Williams Bail Agent Eagle Bonding Services Asheville NC 28804 828-777-8667 Lic # NC10013561 Lic # TN 2033018
Never be haughty to the humble or humble to the haughty - Jefferson Davis
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