Kentucky Sworn Schedule for Bail Bond Secured by Real Estate is a document that is submitted to the court when a person charged with a criminal offense is released on bail. The document is created by the person posting the bond (the “Bond Principal”) and is signed under oath. The Kentucky Sworn Schedule for Bail Bond Secured by Real Estate outlines the real estate being used to secure the bond, including the description, estimated value, and amount of the bond. It also includes the names of all persons and entities who have an interest in the real estate being used as security for the bond. There are two types of Kentucky Sworn Schedule for Bail Bond Secured by Real Estate: a cash bond and a surety bond. A cash bond requires the Bond Principal to post cash or other assets as security, whereas a surety bond requires the Bond Principal to obtain a bond guarantee from an approved bail bondsman.
Kentucky Sworn Schedule for Bail Bond Secured by Real Estate
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FAQ
In Kentucky, a judge ultimately has the final say on the exact dollar amount of a set bail. When a person is arrested, a judge immediately reviews the case file, taking into consideration the charges, citation narrative and the person's criminal history. They then determine the initial bail amount.
However, there are some factors that may help you determine how high or low it may be. KRS §431.510 makes it illegal to offer bail bonds in the state which means there is no formal fee structure like we see in other states.
BAIL BOND R ENACTED IN KENTUCKY AND OREGON ARE STUDIED WITH EMPHASIS ON THEIR VARYING APPROACHES. THE KENTUCKY LAW AIMS AT ABOLISHMENT OF BAIL WHILE THE OREGON LAW MODIFIES PRETRIAL RELEASE CONDITIONS.
The Kentucky Constitution guarantees bail for all crimes, except capital offenses.
?No Bond? Definition A no bond status signifies that an individual is not eligible for release from county jail through the payment of bail, as a judge has not set a bail amount. The arrested person will remain in custody until a judge potentially sets bail at a later hearing or the case concludes.
To post a bond with cash you must do the following: Go to the District Court Clerk's Office located at 330 York St. Newport, KY 41071 and post the bond. Bring your receipt to the Campbell County Detention Center located at ?601 Central Ave.
In 1976, Kentucky became the first of the four U.S, states that ban commercial bail bonds and bounty hunting. The law was passed because of the belief that commercial bail bond systems discriminate against the poor by punishes most those who are least able to pay.
Property Bond, is a bond in which the defendant or surety pledges real property located in Kentucky instead of cash to guarantee the defendant's appearance. The amount pledged must be twice the amount of the bond over and above any encumbrances or exemptions.