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Louisiana
Bail Bond Agreement

Louisiana Bail Bond Agreement

Category:

Criminal - Bail

State:

Multi-State

Control #:

US-00006DR

Format:

Instant download

Description

A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to ensure the appearance of the defendant in court at the scheduled time. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court. The bail bond company usually charges 10 percent of the amount of the bond and often requires the defendant to put up some collateral like a seconded of trust or mortgage on one's house.

When the case is concluded, the bail bond is "exonerated" and returned to the insurance company. If the defendant disappears and fails to appearing court (skips bail), the bond money will be forfeited unless the defendants found and returned. The bond may be forfeited, by order of the court, upon the partys failure to appear or to comply with the conditions of the bond. If the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.

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How to fill out Bail Bond Agreement?

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FAQ

If the accused cannot afford to pay the full bail amount set by the court, they can hire a bail bondsman who charges a non-refundable fee, usually 10 percent of the bond. If the accused fails to appear in court, the bondsman is responsible for the full bond amount.

A bail bondsman can pay the amount of the bail to the courts in exchange for a payment of 10% the bail amount, and the courts hold the money until their court date arrives. If the defendant shows up for their court date, the bondsman gets back the entire amount of the bail.

You can contact a licensed bail bondsman to post a commercial surety bond, more commonly known as a bail bond. This service is helpful if you cannot afford to post the entire amount of the bond in cash. For a fee (usually around 13% of the total bond), a bail bondsman will post the total amount of the bond for you.

A secured bond is the only type of bond that will require full payment. With a secured bond, the defendant will give a signed document of a security interest to an asset that is worth the total amount of the bail.

The bail bond serves as surety that the defendant will appear for trial. Judges typically have wide latitude in setting bail amounts. Bail bondsmen generally charge 10% of the bail amount up front in return for their service and may charge additional fees. Some states have put a cap of 8% on the amount charged.

A bail bondsman can pay the amount of the bail to the courts in exchange for a payment of 10% the bail amount, and the courts hold the money until their court date arrives. If the defendant shows up for their court date, the bondsman gets back the entire amount of the bail.

The charge for Bonds in the State of Louisiana is 12% except in Orleans Parish which is 13% or Jefferson Parish which is 12.5%. In addition there are release and processing fees which vary from jurisdiction to jurisdiction.

If a bond is accepted by the judge, he sets the bail amount within 72 hours in which the defendant is expected to pay. He can decide to hire a bail bondsman if he doesn't have enough funds for the bail.

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