What is 10% of a $15000 bond?

There should be a letter code following the dollar amount. So if the judge at bond court set bond at "$15,000 D", the "D" is the letter code that tells you you have to post 10 percent of that amount in order to get out of jail. So $1,500.00.

US Legal Forms
Bail Bond Agreement

Bond For Crime In Phoenix

Q: Do you need a job to bail someone out of jail?

No - if you signed the bond it doesn&#039;t matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.

Category:

Criminal - Bail

State:

Multi-State

City:

Phoenix

Control #:

US-00006DR

Format:

Instant download

Description

The Bond for crime in Phoenix is a legal agreement designed for individuals seeking a bail bond to secure the release of a defendant from custody. It is crucial for attorneys, paralegals, and legal assistants to understand the important aspects of this form, including its procedures for filling out necessary information such as the applicant's details, the bail bonding company, and the surety. The document outlines key responsibilities, including payment of the bail premium, indemnification of the bonding company, and complying with court demands. It also requires cooperation in securing the defendant's release and reimbursement of any expenses incurred during the bail process. Legal professionals need to be aware of the financial obligations tied to the bond, including interest on late payments and attorney's fees if disputes arise. This form is primarily utilized by attorneys representing defendants, bonding agents, and individuals involved in criminal cases as it addresses liabilities and conditions surrounding bail agreements. Knowing how to effectively complete this form can facilitate a smoother process for their clients seeking bail in Phoenix.

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FAQ

No - if you signed the bond it doesn't matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.

There should be a letter code following the dollar amount. So if the judge at bond court set bond at "$15,000 D", the "D" is the letter code that tells you you have to post 10 percent of that amount in order to get out of jail. So $1,500.00.

Reimbursement vs. Indemnity: Surety bonds provide reimbursement to the oblige (typically the owner of the job) by the surety, whereas crime insurance policies indemnify the insured for direct losses incurred due to covered criminal acts.

Is Crime the Same as Fidelity? No, crime and fidelity are not the same, although they are closely related. Fidelity bonds specifically protect a business from losses caused by fraudulent acts committed by its employees.