What exactly is a bond?
A bail bond is ordered by the judge to guarantee the defendant adheres to all conditions set upon him or her. It also ensures that the defendant appears in court, thus permitting release from jail. Only the judge determines and sets the amount of the bond. The following are definitions of the various types of bonds we handle.
This bond is mandated by the court ordering the defendant to pay all monies directly to the court. Once all matters are satisfied, a percentage of the money paid is returned.
This type of bond is also known as a surety bond. It basically is a contract by which one party agrees to make good on the default or debt of another. This is often obtained through a bonding company, such as Chuck Brown II Bail Bonds. The bonding company guarantees the entire amount of the bond to the court and ensures the defendant is present at all of the court dates. If the defendant fails to adhere to the court’s instructions or fails to appear, the bonding company then apprehends the defendant or pays the court the entire bond.
(O/R) Bond: This applies when a defendant is released on their own recognizance. The defendant signs a written promise to appear in court, and no bail money is required.
This type of bond involves putting up real estate as collateral and can take several weeks. Equity in the property has to be equal to 150% of the total bond amount. In addition, fees on the property bond are likened to escrow fees, as well as appraisal and title search fees. Note: If the defendant fails to complete court requirements, the court can foreclose on the property.
What is the cost of a bail bond?
The cost of a bail bond is ten percent (10%) of the bail premium. As this is set by the State of Ohio, this amount is non-negotiable. For example, if a bond is set for $25,000, your cost would be 10% or $2,500.
Can the bail premium be altered or changed?
No bail agent in the State of Ohio is permitted to negotiate bail premiums legally. There may be some bail bond companies or agents that try to get your business by offering a discount or cheaper rate, but it is illegal to charge any more or less than the state-approved rate. This is important to keep in mind, especially if you are using your house as collateral. You don’t want to engage with a bonding company that operates unethically. Chuck Brown II Bail Bonds always operates within the state-approved rates.
Can I pay the full amount of the bail set by the court?
Yes, you can. The money needs to be paid directly to the Clerk of Courts in the relative jurisdiction. Courts throughout the state may differ in the process and requirements. Contact them to be certain of your options and restrictions.
How do I post bond for someone?
If it is regarding a bail bond (aka surety), contact one of the area’s surety bond companies, such as Chuck Brown II Bail Bonds. You will be instructed to complete an application in person, by phone, fax, or email. A consultation then takes place. During the consultation, you will be advised of the risk involved and obligation of the bond. Once all of the information is processed and you are approved, the paperwork needs to be finalized for the acceptance of payment, after which the licensed bail agent posts bond.
Can Chuck Brown II Bail Bonds write a bond anywhere in the United States?
We provide our bail bond service throughout all counties in the State of Ohio and many counties throughout the United States. Please contact our office if you need bond services outside of the State of Ohio.
Do you offer financing or payment options?
We do offer financing for qualified applicants. Payment options can also be worked out in such a way that meets your current budget. There are no fees for financing and cosigners are accepted if needed.
What type of collateral is required?
Collateral is something of value that is used to secure a debt or ensure payment. Once the defendant has met all of the court’s requirements and appeared for all ordered court hearings, the bail bond company must return all collateral that was received and accepted. Some forms of collateral accepted are real estate and cash.