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Bail Bonds FAQ
What is a bail bond in Orlando?
A bail bond is a financial agreement between the bail bond company and the court offering a financial guarantee that a defendant will appear in court.
What is the difference between bail and bond?
When a judge establishes the defendants risk to appear in court, they will set an amount for bail and a bond. Bail is a refundable cash deposit made by an individual with the agreement to appear in court on the scheduled date. A bond is an insurance company backed vehicle that can be purchased for a fee. Setting a bond amount provides defendants with a more affordable and realistic alternative when paying bail is not an option.
How does the bond process work?
The first step toward getting someone released from jail is to pay all necessary premiums and or collateral as well as completing all the required paperwork. The bond is then taken to the court for a judge to review and sign off on. The signed bond is taken to the jail and the defendant is released pending appearance to their scheduled court hearing.
How long does bonding out take?
The entire bail bond process is dependent on many factors, including the availability of a judge and court, but typically the process can be completed in a matter of hours.
How much is bail bond?
The Florida judicial system determines the cost for bail bonds, with the typical cost standing at roughly 10 percent of the total bond amount. In addition to the Florida state premium for a bail bond, additional collateral may be required to secure a defendant's release
Can I make payments to bail someone out of jail?
Cash collateral might be required to secure the bail bond and there is an option to pay the full amount in payments on a case by case basis by means of a promissory note.
What is collateral and when is it required?
Collateral is a deposit made to secure the bond and ensure the appearance of a defendant in court. Collateral is fully refundable when a defendant makes all required court appearances. Collateral requirements can consist of cash deposits, signatures of family or friends with a financial guarantee of the defendant, real estate property, vehicles, tangible items of value, and in some instances promissory notes.
When do I get my collateral back?
When the case is entirely closed and all fines are paid, collateral will be released within two weeks from exoneration, and checks will be issued within 60 days. However, if a defendant fails to appear for court, collateral may by forfeited.
What are the requirements to sign for a bond?
In order to sign for a bond, the individual must be at least 18 years of age or older and have some form of steady employment. A valid photo ID and current pay-stub or proof of income is also required. The length of tenure at a job and their weekly salary are factors that determine how if additional co-signers will be required for the bond.
What are the requirements to use property as collateral for a bail bond?
Bail bonds companies will determine the amount of equity in the property and decide if the property can be used solely to secure a bail bond. If the property lacks sufficient equity, other forms of additional collateral may be used. A copy of the property deed along with a current property tax or utility bill are also required. All people listed on the deed will be required to sign forms to use property as collateral.
A bail bond is a financial agreement between the bail bond company and the court offering a financial guarantee that a defendant will appear in court.
What is the difference between bail and bond?
When a judge establishes the defendants risk to appear in court, they will set an amount for bail and a bond. Bail is a refundable cash deposit made by an individual with the agreement to appear in court on the scheduled date. A bond is an insurance company backed vehicle that can be purchased for a fee. Setting a bond amount provides defendants with a more affordable and realistic alternative when paying bail is not an option.
How does the bond process work?
The first step toward getting someone released from jail is to pay all necessary premiums and or collateral as well as completing all the required paperwork. The bond is then taken to the court for a judge to review and sign off on. The signed bond is taken to the jail and the defendant is released pending appearance to their scheduled court hearing.
How long does bonding out take?
The entire bail bond process is dependent on many factors, including the availability of a judge and court, but typically the process can be completed in a matter of hours.
How much is bail bond?
The Florida judicial system determines the cost for bail bonds, with the typical cost standing at roughly 10 percent of the total bond amount. In addition to the Florida state premium for a bail bond, additional collateral may be required to secure a defendant's release
Can I make payments to bail someone out of jail?
Cash collateral might be required to secure the bail bond and there is an option to pay the full amount in payments on a case by case basis by means of a promissory note.
What is collateral and when is it required?
Collateral is a deposit made to secure the bond and ensure the appearance of a defendant in court. Collateral is fully refundable when a defendant makes all required court appearances. Collateral requirements can consist of cash deposits, signatures of family or friends with a financial guarantee of the defendant, real estate property, vehicles, tangible items of value, and in some instances promissory notes.
When do I get my collateral back?
When the case is entirely closed and all fines are paid, collateral will be released within two weeks from exoneration, and checks will be issued within 60 days. However, if a defendant fails to appear for court, collateral may by forfeited.
What are the requirements to sign for a bond?
In order to sign for a bond, the individual must be at least 18 years of age or older and have some form of steady employment. A valid photo ID and current pay-stub or proof of income is also required. The length of tenure at a job and their weekly salary are factors that determine how if additional co-signers will be required for the bond.
What are the requirements to use property as collateral for a bail bond?
Bail bonds companies will determine the amount of equity in the property and decide if the property can be used solely to secure a bail bond. If the property lacks sufficient equity, other forms of additional collateral may be used. A copy of the property deed along with a current property tax or utility bill are also required. All people listed on the deed will be required to sign forms to use property as collateral.
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