Bail In Court Meaning
Description
How to fill out Louisiana Judgment Of Release From Bail Bond Obligation?
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FAQ
It is common practice for bonding companies to charge applicants with bad credit a higher bond rate as a way to mitigate this associated risk. These rates often fall between 5% and 10%. Therefore, in the case of a $50,000 surety bond, applicants with bad credit might expect to pay between $2,500 and $5,000.
Example: If your bond is $5,000, $5000 would need to be paid. Percentage Bond = Is the set percentage that would need to be paid of the bond amount. Example: If your bond amount is $5000 @ 10%, $500.00 would need to be paid.
Cash Bail is money that you pay as a deposit for the release of a person who has been arrested (also known as a defendant). The Department of Finance holds the money to help guarantee that the defendant will return to court for their trial.
The Meaning of ?Bail? As the defendant, you agree to post a specific amount of money in exchange for the assurance that you'll return to court for your scheduled court date. Upon appearing in court as scheduled, and as stated in the bail bond agreement, you get your money back.
If the bail amount is set at $5,000, the defendant will pay the 10% premium ($500) to the bail bondsman and put up collateral that covers the value of the total bond amount. One example of this might be a used car with an approximate value of $5,000.
