Legal Question in Criminal Law in Florida
bailbonds
what is the meaning of a surety bailbond
2 Answers from Attorneys
Re: bailbonds
I bonding company pledges the bond for you and you pay them 10% of the bond amount which you don't get back. The bonding company is on the hook if the defendant does not appear back in court and the bondsman cannot find him/her.
*If money is a concern it is worth considering hiring an attorney before posting a bond. The first thing the attorney can do is file for a bond hearing and attempt to lower the bond amount.
Re: bailbonds
There are surety bonds and cash bonds. A surety bond is done with a bondsman. Normally he charges 10% of the bond ( ie. 500 dollars for a 5000 dollar bond plus collateral. Once the defendant finishes the cases with no failure to appears he keeps the 500 as his fee but returns the collateral. A cash bond is a bond paid in full by the defendant and returned in full once the case is closed with no failures to appear.
Related Questions & Answers
-
What Legal form is needed Need to know in Florida what legal form is needed to file... Asked 6/18/07, 12:05 am in United States Florida Criminal Law
-
Can i have my record changed i was arrested and convicted of possesion of marijuana... Asked 6/17/07, 11:11 pm in United States Florida Criminal Law
-
Entrapment do Florida have an entrapment law? Asked 6/16/07, 9:27 pm in United States Florida Criminal Law
-
Checks? I worked for a pest control company for 2 years. I did several side jobs... Asked 6/16/07, 4:41 pm in United States Florida Criminal Law