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What is the purpose of a Bail Bond?
The purpose of a Bail Bond is to guarantee to the court that the
person being released on the bail bond will make all of their
required court appearances.
What is the Premium?
In California, the cost of the bail bond which is called the Premium
is generally 10% of the total bail amount.
For example, if bail is set at $10,000 the premium would be $1,000.
This is the amount charged by the bail bond company to put up the
bail bond for the full $10,000 so that your friend or family member
can be released. You do not get this money back. The premium is
fully earned upon the release of the accused.
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What is Collateral?
As Indemnitor, you are financially responsible for the bail bond.
As long as the person you bail out makes all of their court appearances,
you will not have to pay any money in addition to the premium.
If the person is simply late to court or has a valid reason for
not being there, we can usually get them back into court without
additional expense to you. If the person skips bail and we are
not able to return that person to court, you will be required
to pay the full amount of the bail. If we are able to return
them to court, you will be required to reimburse us for actual
expenses incurred. Collateral is money, property, etc. that you
deposit with the bail bond company. The collateral is held until
the bond is exonerated and the premium has been paid in full.
In many situations, we will not require collateral. Often times,
people own homes but do not want to sign on them. We take a quick
application to determine if we can do this for them.
Other factors may determine if collateral will be required:
1. Accused person's past arrest history
2. Whether or not accused person is local
3. If Indemnitor is employed
4. How Indemnitor is related to the accused
5. How long Indemnitor and accused have they known each other
What is an Indemnitor or Cosigner?
An Indemnitor or Cosigner is a person who agrees to be financially
responsible for the full amount of the bail bond in the event
the defendant fails to make a court appearance and cannot be
returned to court. An Indemnitor is responsible for paying any
costs incurred as a result of the defendant missing a court date.
If there is more than one Indemnitor on a bail bond, they are
jointly and severally liable. This means the money could be collected
from one or both of them.
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Who regulates 1st Class
Bail Bonds?
The Department of
Insurance is responsible for the regulation of bail agents
in California.
What are 1st Class Bail Bonds business
hours?
We are open 24 hours a day, 7 days a week including holidays. We
are always happy to take your call and assist you in any way
we can.
What areas does 1st Class Bail Bonds serve?
1st Class Bail Bonds is a 24-hour bail bond service provider to
Southern California and to individuals outside California seeking
to help friends and family who are incarcerated in California.
We primarily serve Orange County, Los Angeles County, Inland
Empire, Riverside County, San Bernardino and Ventura County.
We serve other areas of California and other states on a limited
basis. Call for availability of bail bond service in your area.
What is the largest bond 1st Class Bail
Bonds can do?
We specialize in large Bail Bonds from $100,000
to several million. We have the knowledge and expertise to put
these transactions together. Arranging complex transactions with
multiple properties and indemnitors is our specialty. You can have
up to a year or more to pay the premium as long as you have sufficient
equity in real property to secure the collateral.
Can 1st Class Bail Bonds post bail for
my family member who was arrested in another state?
We have bail bond agents in most states that allow bail bonds.
Call for availability in a particular area.
We do not have bail bond agents in the following states; Kentucky,
Illinois, Wisconsin, Oregon and Massachussetts.
I'm in another state. Can 1st Class Bail
Bonds post bail for my family member who was arrested in California?
We usually are able to, but we will need more information from
you to determine if we can help you. Please call for a free bail
consultation.
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