Paying the full bond will ensure that you can be released from custody until your court date. Some bonds, however, do not require payment. An unsecured or signature bond happens when the court holds a bond hearing and imposes the bail amount, but it is determined that you will not be required to pay that full amount to be released.
Form bonding is similar, but it has a defendant signing an agreement that if they cannot show up in a court of law, they will be required to surrender the total value of the bond.
A secured bond is the only type of bond that will require full payment. With a secured bond, you will give a signed document of a security interest to an asset that is worth the total amount of the bail. A security interest works similarly to a deed, and the person that holds the interest will have the legal right to possess these items, sell the piece of property, and more. It is similar to the agreement that is made with a mortgage lender with the agreement of foreclosure.
A security interest or the full dollar amount of the bail can be paid should the defendant fail to appear in court; this could lead to the bail being taken by the court to recover.
Surety bonds are some of the most common types of bonds that people will post. This type of bond works with a bail bonds company. Bail bond companies will pay bail for a loved one or for yourself using someone as your representative. If you post a bail of $25,000, for example, the bail bonds company can post bail for you if you pay 10% of the fee or $2,500.
As long as you plan on attending court and following up with their agreement, you won’t be responsible for paying the full cost of the bail, risking your assets, and more.
So, No, you Do Yot Have To Pay The Full Bail Bond
No, you do not have to pay the full bail bond amount. The normal fee for a bail bond company is a non-refundable premium, which is typically around 10% of the total bail amount. So for a $20,000 bail, the premium would be $2,000. This fee is paid to the bail bond company in exchange for their service of posting the bond and ensuring that the defendant attends all required court appearances. The premium is non-refundable, regardless of the outcome of the case.
Additionally, some bail bond companies may require collateral, such as property or a cosigner, to secure the bond, but this is not always the case.
If you fail to appear in court or violate the bond terms, the bail bond company may forfeit the bond to the court and require the cosigner or collateral to cover the full bail amount.
