Arkansas Notice of Satisfaction of Bail Bond Lien on Real Estate
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How to fill out Notice Of Satisfaction Of Bail Bond Lien On Real Estate?
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FAQ
Signature bond: The defendant signs his/her promise to return to court. Co-signature bond: The defendant and another person signs the promise to return to court.
If the bondee skips the court date, the bond is forfeited and the surety must pay the principal the total amount of the bond.
[Provided that where such penalty is not paid and cannot be recovered in the manner aforesaid, the person so bound as surety shall be liable, by order of the Court ordering the recovery of the penalty, to imprisonment in civil jail for a term which may extend to six months.]
Arkansas Law requires bail bond companies to charge and collect a ten percent premium on all bonds. It also provides there will be a $50.00 minimum on premium for any bond of $500.00 or less. The law also requires certain fees to be collected with every bond posted.
The Court shall record the grounds of such proof, and may call upon any person bound by such bond to pay the penalty thereof or to show cause why it should not be paid.
If the bondee skips the court date, the bond is forfeited and the surety must pay the principal the total amount of the bond.
If you use bail bond company, you will not get your money back or have what you paid the company credit toward your fines and fees. Additionally, bail bondspersons are not bound by the same rules as the police. For example, they might enter your home without a warrant if you fail to appear in court.
Bail forfeiture means that the accused loses any cash paid for their bail and they will be returned to jail to await trial. Bond forfeiture means that the person loses the guarantee made by the bail bond company on their behalf.
