How bail bonds work? Are bail bonds open 24 hours? 317-531-5447
Are bail bonds open 24 hours? – Smith American Bail Bonds of Indiana 317-531-5447 operates bail bonding services 24 hours including all holidays.
Surety Bonds - Surety bonds are 8 or 10 percent of the total bond ordered in a case and must be posted with a licensed bail agent. The bondsman then posts bail with the court on your behalf. This type of bond is not refundable. Example: Judge Jill orders a $1,000 surety bond.
Cash Bonds - So, what is a cash bond? Unlike a bail bond, what a cash bond means is you can pay the full bail amount, upfront in cash. You do not have to qualify for a bond through a bondsman or put-up collateral to pay for the bond. In many courts, cash bonds are the only acceptable form of payment.
Who is an Indemnitor on a surety bond?
An Indemnitor is a company or person agreeing to take on the obligation that would typically be placed on a surety if an individual defaults on a bond issued to him. If the applicant doesn't qualify for reasons of risk by the standards of the surety, an Indemnitor might be necessary for the bond process.
Step 1. – When someone is arrested in Indiana the first step is being booked and processed into the jail of whatever county the crime was committed in Indiana.
Step 2. – Once the individual also known as the defendant has been processed, they will then see a judge for an arraignment and receive bail.
Step 3. – The judge will notify the defendant of his charges along with going analyzing the bail matrix to determine his or her bail bond amount. Based on the bail bond matrix the judge will determine if the defendant receives a cash bond or surety bond.
Step 4. – If the defendant was given a cash bond that means they must pay the full 10% of the bond to the jail or clerk directly. With a cash bond in Indiana, the defendant can be entitled to receive the 10% money-back once the case has been completed. However, in some cases, the bond money can also be applied to court fees which means you may not get all the money back. If given a cash bond remember you cannot use a bail bondsman.
Step 5. – If the defendant was given a surety bond by the judge that means the defendant is required to go through a licensed bail bondsman. If given a surety bond this means the Indemnitor will pay either an 8% or 10% premium of the bond including a $5.00 bail bond processing fee. In some cases, If the defendant poses to be a flight risk the bail bondsman may also collect collateral from the Indemnitor to ensure that the defendant will show up for court. Remember the surety bail is non-refundable.