Getting out of pretrial jail is the main desire of everybody who gets arrested. Quick-release only happens for people who are released on their own recognizance (OR’d). Everyone else must sit in jail or secure a bail bond. Bail bonds company in Peoria AZ, cost money that many people don’t always have. Luckily, viable collateral and a co-signer can greatly improve one’s chances of bonding out in record time.
Bail Bond Collateral
A bail bond costs percent of full court-imposed bail. This cost is the bond agent’s premium, a fee that is nonrefundable. The bail bond is a promise to the court of full bail payment should the defendant flee before or during the trial.
Defendants with limited funds are welcome to have any third party pay on their behalf. This third party can also be the defendant’s co-signer, a gainfully employed individual with decent credit who signs a form making them responsible for payment of bail in full if the defendant flees.
Collateral adds another layer of financial security for the bond agent and the court. It refers to an item of value presented to the bond agent and/or the court. The item guarantees the defendant’s return to court, but it may also be liquidated and used as payment of full bail in the event of pretrial flight.
Acceptable Forms of Collateral
Acceptable forms of collateral differ between agents, but the basic list is consistent across agencies and states. For bail bonds in Peoria, AZ, the list of acceptable collateral usually includes vehicles with titles, boats, airplanes, houses, and guns. Some agents even accept jewelry and high-end electronics.
