Oregon Order Setting Bond
Description
How to fill out Order Setting Bond?
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FAQ
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.
SB48 becomes effective July 1, 2022. The law is codified in Oregon Revised Statute 135.233, and by order of the Chief Justice of the Oregon Supreme Court, requires release from custody those suspected of committing certain classifications of crimes without security (bail).
By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
In exchange for the capital, the company pays an interest coupon, which is the annual interest rate paid on a bond expressed as a percentage of the face value. The company pays the interest at predetermined intervals (usually annually or semiannually) and returns the principal on the maturity date, ending the loan.
If you violate any terms of the release agreement, the court may order the security deposit amount forfeited to the government. Any refund will be made payable to the person who posted the money (unless otherwise ordered by the court).
A bail bondsman will want to make sure they're getting the most for their money. To do this they will charge a bail bond bond premium fee that is usually 10-20% of your bail bond amount. This fee is normally not refundable.
Oregon has their own state run bail bond program. This means that if you need to bail someone out of jail in the state of Oregon you must go directly to the jail where they are being detained. In the State of Oregon you will pay cash for the full amount of the bail at the jail in person.
Refunds are disbursed to the person posting the bail once the case is closed or exonerated and will be mailed to the address listed on the bail receipt. If a change of address is needed, a written request must be submitted to the court by the person posting the bail.
