Rhode Island Order Setting Bond
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How to fill out Order Setting Bond?
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FAQ
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.
YOU GOT ARRESTED. NOW WHAT? Step 1: Call a bail bonds agent. If you or your loved one has been arrested, and you do not have the money or the assets to post bail, it's time to call a bail bond agent. ... Step 2: The paperwork. ... Step 3: Posting bail. ... Step 4: Release from jail.
Pursuant to G.L. 1956 § 2-13-10, any balance of bail funds available after the payment of restitution, fines, and costs, or any other assessments issued by any court within the Rhode Island Judiciary, must be refunded to the defendant or the individual who posted the money on behalf of the defendant.
At the end of the case, whoever posted the bail money gets it back. If bail is ordered in your case, you will not be released from custody until it is posted. You will be held at the county jail until the end of your case, or until the bail is posted.
In Rhode Island, defendants are required to 'Post' 10% of the total value of the bail set by the Judge. Therefore, if the Judge sets bail at $20,000 with surety on a case the defendant must post $2,000 to be granted his release from prison pending trial on the charge.
Rhode Island Bail Bonds Information A judge sets the bail amount of the defendant in Rhode Island. A Rhode Island bail bondsman will post the bailbond once the premium is paid by the defendant or co-signor. The premium fee is 10% of the total bail bond.
A court order to return the funds or to exonerate the bond is required to release the criminal bond. Unless otherwise ordered, the money will be returned to the person(s) named on the Affidavit of Owner of Cash Security at the time the money was posted.
