Kentucky Authorization to increase bonded indebtedness
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FAQ
By posting a bond you are promising that the defendant will appear for all of their court appearances and obey all bond conditions. If the defendant fails to appear or breaks the conditions, you may lose any cash or property posted.
How Do I Get a Surety Bond in Kentucky? The principal researches the type of bond needed, and applies for that kind of bond with a surety company. The surety company prepares an agreement of indemnity and returns it to the principal.
To obtain a bond withdrawal, the surety must file a motion to be heard before the judge. THE JUDGE WILL ISSUE A WARRANT FOR THE DEFENDANT'S ARREST, AND THE DEFENDANT MUST BE IN CUSTODY BEFORE THE SURETY IS RELEASED FROM RESPONSIBILITY.
What Do Kentucky Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).
