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Although the charge can, and does, change from area to area and/or with the seriousness of the offense, or the size of the bond - "Bail Bondsmen" (as they are customarily known) USUALLY charge 10% of the bail amount set (i.e.- judge sets bail at $10,000. the bail would usually cost you $1,000.)
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoDepends upon your geographic location - the prevailing competition - the seriousness of the offense - the likliehood of the bondee's flight - etc. In my experience bail bondsmen usually charge the clients approximately 10% of the court ordered bail for the use of their services.
Wiki User
∙ 14y agoTheir usual and customary charge can vary from 10% to 20% of the bond money they are required to put up. The charge can vary according to the nature of the crime and how well you are perceioved to be a flight risk, or not.
Wiki User
∙ 10y agoIt really depends on the state that the bail bond company operates within and the crime that was committed. Typically rates can range from 3%-25%.
Added: A bailbondsman actually doesn't get ANY of the bond. What he gets in payment is an amount equal to a certain percentage of the bonds total amount. This amount, which is totally separate and apart from the bond, is to compensate him for putting his money at risk to bond the prisoner out.
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How much of the 10 percent does the bail agent give the bonding company?
There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.
If your bail is 100000 how much is the bond?
It really depends on what state you are in. Typically the bond premium (the amount you pay a bail agent) is between 10%-15% of the bond. So in the case of a $100,000 bond, you would pay somewhere between $10,000 - $15,000. In addition to the premium, you will most likely have to put up other assets equivalent to the total bond as collateral with the bail agent. Ultimately if the person fails to show up for court the bondsman is responsible for the full amount of the bond ($100,000). This is the value that bail agents bring to the criminal justice system. By letting someone out of jail pretrial, and financially binding them and others (family, friends, bail agent, etc.) the person is more likely to show up in court to have their case heard. Without this financial accountability and the bail agent to ensure their appearance, most people would never show up at court (much like they don't when released through government sponsored "free bail" programs).
How much is the income of bail bondsman?
They are genrally not on a salary but make a commission on the business they bring to the company. many are small companies that are essentially owned by the bondsman, who then makes a living on the profit of the bonds, minus expenses (which are numerous and include paying off on those that skip), he manages to write. There are two types of bail bond agents. One is the professional bonding company and the second are bail agents who work for a surety company. Bail agents can collect as much as 10% in most states. We sign a document guaranteeing the bail or the defendant Once defendant is sentenced the case is considered over. In PA Professional bail agents can only charge 5% and surety agents charge 7%. The surety company allow and agent to work in all counties and states while a professional agent must be licensed in each county. So in PA i am working on getting a surety license even though I am licensed as a professional agent in 5 counties. This will allow me to work state and nationwide. However the extra 2%in PA gets paid to the surety company. The surety company is similar to an insurance company they just insure bails. We get paid when we write bonds and collect our percentages. I have the defendant's family sign documents for collateral purposes I only accept collateral like homes or expensive cars if the bails are small enough. Once I put a lean on a person the bail is then 85% safe as most people will not sign for someone they do not trust and the fear of thinking they may lose their home is enough in 99% of the cases. So a good agent with a good system can make a lot of money but an agent that has a bad system can be broke and working another career fast.
How much is the average bail bond?
In most states Bail Bond agencies charge between 10% to 15%. In California the standard and published rates with the department of insurance are 10% for local bonds and 15% for federal bonds. Although these rates are published a bail agency could opt to rebate its clients a portion of its premium. This type of practice is common with defendants who are members of a union and/or a veteran. Also in today's modernized bail industry most agents provide in house financing for it's premiums. An agent might only require a client to pay a down payment of 3% of the bond amount and the rest over 24 months.
If a person has a bail amount of 30 thousand dollars and a bond is 10 percent which is 3 thousand dollars how much does the person paying the bond get back if the acussed is found not guilty?
The person paying the bond does not get anything back. The purpose of paying a bond is so you don't have to come up with the full amount of the bail. The 10% that you pay a bondsman it what he earns for guarnteeing you will appear in court. If you don't appear then the bondsman loses the full amount of the bail.
How much money do bounty hunters earn?
Generally, ten to fifty percent of the bail bond contract. Hence, with a $10,000 bail, the bounty hunter would get $1000 locally, but could charge up to 15% to 20% if they had to drive five or six states away. they make $50,000 - $90,000 in 2 years
How much do you pay on 15000 t dollars bail?
Usually, if you see a bails/bonds man they can reduce the bail to ten percent of whatever the bail/bond may be...in this case it would take 1500 to get whoever out of jail. not 100% but pretty sure
What can help a person get out of jail before his or hers trial is held?
This depends on whether the person is being held in lieu of bail. If the person is being held on a serious charge for which there is no bail bond allowed, then there is not much that can be done to procure his release, except have his attorney filed a motion for a reduction of bond. Otherwise you can either post the bond in cash for the full amount - something that will be returned to you upon the conclusion of the court case, save any court costs - or you can have bail bondsman write out a bail surety bond, which will be discharged upon the conclusion of the case (acquittal or sentencing).
How much do tracter pullers make?
a bail of hay a day
What is the role of a bail bond agent?
A bail bond agent is a person or corporation that will act as a surety and pledge for money or property as bail for the appearance of an accused person in court. However, this is a less common type of surety, banks and insurance companies usually play the role of sureties.
How does a bail bondsman earn money?
In much the same way as an insurance company earns money. A bail bond is basically an insurance contract paid for by an arrested person to get out of jail before trial. The person pays a premium for the bond based on the amount of the bond. If the person shows up for trial, the bondsman keeps the premium. But, if the person skips town the bondsman will have to forfeit the entire amount of the bond to the state of federal government. It works like life insurance only instead of the insurer/bondsman paying the face amount of the policy on the death of the insured, the bondsman pays it on the faiure of the person to show for trial.
How much do new york traffic enforcement agents make a week?
how much do traffic agents makes
