Let us Answer your Questions:
Q. What is a Bail Bond?
A. Many people accused of a crime need to post bail in order to obtain their freedom. This can be done by the detainee’s family or friends paying the full bail amount directly to the jail. If the money is unavailable a bail bond company can post the bail amount for the detainee. This is known as a surety bail bond and it will guarantee the defendants freedom while attending their court proceedings. When a bail bond company agrees to post bail, they are assuming responsibility for the defendant and are insuring the courts that he/she will appear at each and every court date that the courts direct.
Because of this responsibility and the cost involved the bail bond company receives ten percent of the total bail amount as payment. This is a standardized fee and is a State regulated amount.
Q.Is there a difference between bail bond companies?
A. Absolutely, although there are many bail bond companies, it takes years of experience to understand the complexities of the legal system. At Milano Bail Bonds we have been involved in all aspects of the criminal process and know the ins and out of the system better than anyone.
Q. What is an indemnitor or cosigner?
A. An indemnitor which is also known as a cosigner is a person who agrees to be financially responsible for the full amount of the bail bond and for insuring that the defendant appears to all court dates. As long as the person you bail out attends all their court appearances, the indemnitor will not be responsible to pay any money in addition to the bail bond premium. If there is more than one indemnitor on a bail bond, they are jointly and severally liable. In addition to the bail bond premium the indemnitor will need to provide proper identification and verification of employment.
Q. Is the bail bond premium refundable?
A. The bail bond premium is a standardized fee and is established and regulated by the State. Once the bail bond is posted and accepted by the court or jail, liability is taken by the bail bond company. At that point, the bail bond premium is fully earned and is not refundable.
Q. What will I need in order to secure a bail bond?
A. In addition to the required bail bond premium, you will need proper identification. The bail bond agent will also need personal information from you such as your social security number, birth date, driver’s license number, address, phone numbers, employer’s name, address and phone, and any other information deemed necessary to help determine whether you qualify as an indemnitor (co-signer).
Q. How long does it take for a defendant to be release from jail?
A. After all the paperwork is completed, the bail agent will present the bail bond to the court or jail. The amount of time it takes the court or jail to process the bail bond varies based on the work loads and size of the facility. Once the bail bond is presented to the court or jail, the bail bond agent will contact the indemnitor to advise the timeline for the defendant’s release.
Q. How long is a bail bond good for?
A. A bail bond is valid up to 3 years. If the case goes beyond the 3 years, the premium must be repaid in order to keep the bail bond current.
Q. How much does a bail bond cost?
A. In the state of Florida the bail premium rate is ten percent. For example, if a bail bond amount is $25,000.00, the premium for the bail bond is $2,500.00. These are standardized fees and they are established and regulated by the State.
Q. Where can a bail bond be posted?
A bail bond can be posted at most courts, police stations, and jails. Most jails accept bail bonds 24 hours a day, 7 days a week. Milano Bail Bonds is open 24/7/365 Please feel free to call us anytime at 772-220-BAIL. One of our licensed bail agents will confidentially assist you with all your bail bond needs.
Q. What is collateral?
Collateral is something that has value equal to the bail bond amount. It can be in the form of cash, vehicles or property. The collateral is held until the case is completed. The collateral will be returned when the defendant has completed his court appearances and has received a disposition.
Q. Is collateral needed to secure a bail bond?
A. At Milano Bail Bonds collateral is rarely needed. The vast majority of cases will not require collateral. In most cases your signature will be the only guarantee necessary.