Yes, in many cases, whether you are starting a new business, offering professional services, or engaging in projects that involve public works or construction, you may be required to secure a surety bond in Florida.
A surety is a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party. A surety is often used in contracts in which one party's financial holdings or well-being are in question and the other party wants a guarantor.
If you have no surety the court will issue warrant against you and arrest you. Thereafter will conduct trial .
Understanding the New Law: This means that judges are now required to consider alternatives such as pretrial supervision, electronic monitoring, or personal recognizance before resorting to monetary bail. The aim is to ensure that pretrial release decisions are based on risk assessment rather than financial ability.
In summary, "no surety bond" means that there is no financial guarantee in place to ensure the fulfillment of certain obligations, promises, or legal requirements.
These bonds are required by state or federal law for most public construction projects or by a private developer.
surety bail bond is a type of bail bond that does not require the defendant to provide collateral or a surety. The court grants nonsurety bail bonds based on trust that the defendant will commit to fulfilling their court obligations and may add certain conditions to help enforce compliance from the defendant.
Florida's new statewide bond schedule, introduced under House Bill 1627, is a significant reform aimed at standardizing bail practices across judicial circuits. Effective January 1, 2024, the law seeks to establish consistency and equity in pretrial release decisions.