To Get A Bond, Do You Have To Pay Any Money That You Don't Get Back? Do You Have To Lay Out Any Of Your Own Money Upfront?
- July 22, 2016
- Posted by: Amir Ladan
- Category: Uncategorized
There Are Two Common Bond Options
Bonds have two general ways of being posted: (1) you pay a cash bond for the total amount of the bond in full or (2) you can pay a bondsman a fee to post the bond (usually 10% of the total or $4100.00, whichever is greater).
A cash bond is held by the Clerk of Court until the case is closed, at which time it is returned to the person who posted the bond, less a small transactional fee that the Clerk charges. In many cases where a plea is entered, the Clerk may opt to apply the bond towards court costs, fines and fees but this practice varies from county to county.
if you pay a bondsman to post the bond, the fee they charge you is a premium and you will not get that money back. The service that a bondsman provides is the payment of the entire bond via an insurance premium you pay for so that’s their fee and how they make money. It’s a perfectly acceptable way to post a bond and is used by many people who cannot be without the entire amount of the bond for the duration of the criminal case.