When a person is arrested, they have to go before a magistrate. The magistrate sets the amount of their bond. This is usually done very shortly after the person is brought to the jail and booked. If you call us as soon as they are arrested, we can have them out very quickly.
A bail bond is contractual arrangement where in exchange for a fee, a bondsman pledges the entire amount required for bail to secure the release of the person in custody.
Surety Bonds are contracts guaranteeing that specific obligations will be fulfilled. The obligation may involve meeting a contractual commitment, paying a debt or performing certain duties. Under the terms of a bond, one party becomes answerable to a third party for the acts or non-performance of a second party.
The cosigner to the bail bond is the person who is held financially responsible if the individual fails to show up for their court dates. The bondsman and the court will require this person to pay all court costs and forfeit any collateral that is agreed to in the bail contract.
Al cosigners must bring a valid drivers license, a current bill with their name and address, and the fee for the bond.
In the State of North Carolina, the regulatory bond fee limit set by the North Carolina Department of Insurance is 15%. The Bond Fee is the charge for services and IS NOT refundable. For example, the maximum fee charged for a $1000.00 bond would be $150.00. DJ's Bail Bonds offers the most competitive rates and flexible payment arrangements. Exact figures and terms are determined on a case by case basis.
Collateral related to a bail bond is the pledge of specific money or property to secure the fulfillment financial obligation in addition to the 15%. Collateral is separate from, and in excess of the 15% bond fee but IS returned or discharged upon fulfillment of the obligation. The most common form of collateral used is a signed Indemnity Agreement. In certain situations collateral may be real property (and typically must equal the full amount of the bond set forth by the magistrate). The important distinction to make is that Collateral is returned after the case is disposed, the Bond Fee is not.
Yes, with limitations. Bondsmen may only re-arrest their principal, a process known as a “bond revocation”.