Bail is a process in which a defendant is released in exchange for money. This money is a type of “insurance” that the defendant will show up for his or her court dates. Bail bonds exist because trails can take weeks or months to work their way through the court system and bail permits a defendant – who may be innocent – to wait for their trial at home, while pursuing normal activities.
The two options to go about bailing out are as follows:
1. The defendant or someone other than the defendant will post cash bail at the jail.
- This dollar amount is 100% of the set bail for the defendant’s offense.
- If the set bail is $5000, then $5000 cash will need to be posted.
- When the defendant has fulfilled all of his/her obligations by appearing in court in all matters until the case is resolved the cash posted for his or her release will then be returned to the party who posted it.
2. If neither the defendant nor any family members or friends have access to the entire bail bond amount. They can call a Licensed Bail Agent and arrange to post a Bail Bond.
- To post a Bail Bond, typically you would need two things, PREMIUM & COLLATERAL.
- Premium is 10% of the set bai, (Bail equals $5000, premium would be $500), and is considered earned once the defendant is released on said bond and at that time is nonrefundable.