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M

Molly

Guest
Why does a bail bondsman get to keep the bail when the charges were dropped? And can you get the money from the bail bondsman back?
 


I AM ALWAYS LIABLE

Senior Member
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Molly:
Why does a bail bondsman get to keep the bail when the charges were dropped? And can you get the money from the bail bondsman back?<HR></BLOCKQUOTE>

My response:

The bail money belongs to the bondsperson, that's why. It was the bondsperson's money that got you out of jail. If you are talking about the "premium" payment that you paid, that's how a bondsperson makes their income. It's very much like an automobile insurance policy. For example, let's say that the judge ordered a $10,000.00 bail to be paid in order to set you free prior to your trial. But, you don't have $10,000.00. So, in order to "buy" your freedom while awaiting trial, you see your friendly neighborhood bondsperson. He says, "Fine, I'll pay the $10,000.00 to the court, and you pay me 10% of that amount, or $1,000.00." The bail money is paid, and you're free, for now, and it's the only guarantee the court has that you will attend all of your appearances - - an insurance policy premium payment. In other words, if you pay auto insurance, and never get into an accident, you can't get your premium money back if you cancel your insurance. If you skip town while on bail, the Bondsperson pays the court, and Bounty Hunters come after you (that's a whole other story that's really interesting). In summary, the amount you pay to the Bondsperson is a small percentage of the actual bond amount, and that amount is a "premium payment" from which the Bondsperson derives his/her income.

IAAL



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