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Archive for the ‘Nationwide Bail Bond News’ Category
Tuesday, September 22nd, 2009
Federal bail bonds work differently to standard bail bonds; there are a few main differences and knowing them will help you if you are ever in a situation where you need to know them. Federal bail bonds are of a higher risk and generally of a higher price than standard bail bonds, therefore most bail bond agencies will ask for a higher deposit. This deposit will usually be around the region of 15%, slightly more than the 10% asked for when dealing with state or country bail bonds.
When dealing with a federal arrestee, you can use the Federal Inmate Lookup Service, which has details about the arrestee and their circumstances. This is a useful database but most bail bond agencies will also be able to use their own databases to find information about an arrestee. The co-signer of the bail bond will also usually have to attend a nebbia hearing when dealing with a federal bail bond. This is to ensure that sufficient collateral can be raised by the co-signer to cover the amount of the bond.
Dealing with federal bond cases will generally take a little longer than when dealing with county or state bail bonds; more details need to be gathered and, because of the higher risk, the bail bond agency will want to make sure they know exactly what they are dealing with. It is extremely risky unless all parties concerned can be absolutely sure that the defendant will appear in court when summoned, since federal cases are highly serious and potentially dangerous if the defendant cannot be found. This is why federal bail bonds are usually much higher than standard bail bonds, because the risk of the defendant not appearing in court when summoned is very high.
Tags: federal bail bonds
Posted in Bail Bond Tips, Nationwide Bail Bond News | No Comments »
Wednesday, July 15th, 2009
How does a bail bond work?
The court system will set the amount of bail required for the defendant’s release. Under state law, a surety company can provide a type of insurance policy or “bond” that guarantees payment of the full bail amount to the court if the defendant does not show up for all scheduled appearances. These bonds are offered by licensed bail bond agencies. For supplying these bonds, bail agencies charge a premium – a percentage of the total bond amount, typically 10%. By way of example, for a bond amount set at $50,000, the premium would be about $5,000 plus any additional fees required by the state. The bail agency must charge the premium rate it has filed with the Department of Insurance and the premium is not refundable once the defendant is released. See the rest of Hanks Bail Bonds
Posted in Nationwide Bail Bond News | 6 Comments »
Tuesday, March 24th, 2009
Pasco County Florida – Sheriff Bob White is doing away with requests for Pre trial services. During these hard times, the money is better spent elsewhere. Since December 2008, the pre trial unit has been keeping tabs on 659 defendants. 399 defendants have been unsupervised since that time. Some think the jails are going to get jammed. “These are difficult times and difficult decisions have to be made,” White said, referring to his efforts to rein in Sheriff’s Office spending as the county grapples with tight budgets. In recent months, White has even grounded the air unit. Time for Pasco County Bondsman to take this opportunity and show our communities we save them tax payer dollars. Read the full story
Tags: pasco county, pretrial services
Posted in Florida Bail Bond Laws, Nationwide Bail Bond News | 2 Comments »
Friday, March 20th, 2009
In this rough economy, all industries of business are suffering; even Bail Bondsman. Generally when post bail for a friend or family member, collateral is required. However in the current economic state that we are in, many people are coming up short with cash and assets to post bail bonds. Many people have resulted to pawning their power tools, jewelry, even their 401K’s to get a loved one out of jail. “They’re just frustrated in general trying to pay for bonds, legal fees and attorneys and housing. It’s just hard for everyone right now,” said the manager of Hometown Bail Bonds Jackie Hamilton.
Because of this turn down in available cash and assets, more defendants are having to stay in jail causing much overcrowding. In fact, many defendants are going to their arraignment and pleading guilty just to get it over with even when pleading guilty may not be in their best interests.
So what to do about getting someone out of jail when your at your wits end? Talk to your bail bondsman. If one is not working out, another may have different options for you. Have them discuss all possible options and let the bail bonds company work through it. Read the full story
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Tags: bail bond collateral, bail bondsman
Posted in Nationwide Bail Bond News | 1 Comment »
Thursday, March 12th, 2009
An interesting article rel;eased today by the Washington Examiner. Finally we have news articles that defend our industry. Just to start, here are some interesting Data: 30% of defendants released on Government bail (or pretrial release) fail to appear for their courts date. Only 19% fail to appear with commercial bail bondsman. i Philadelphia alone, the government ran bail program has cost the city over $1 billion dollars.
The government has proven ineffectively to control and regulate the bail industry costing taxpayers million of dollars a year. More importantly, too many criminals are set free too early and without any incentive to answer for their charges. With commercial bail, the defendant, bail bondsman, and an Indemnitor are held financially responsible to ensure his/her appearance in court.
Oregon District Attorney Joshua Marquis says, “[T]he failure-to-appear rate has skyrocketed,”. Oregon did away with the commercial bail industry back in 1978. the cost to rearrange court dates, find the fugitive, and a number of other reasons that would cost the taxpayers more money is just a few items that make commercial bail bondsman more important.
It is a defendants right to bail, not a privilege. However releasing someone with a hefty criminal background on their own recognizance is ridiculous. Someone need to be held responsible for their release from jail. Commercial bail bondsman, all around, have a much lower failure to appear rate than government ran pretrial release programs. This cost the taxpayers less money and keeps our judicial system running a little smoother.
Florida Bail Bondsman and the Florida public have begun to experience the problems with pretrial release programs. The failure to appear rate is also begining to rise at an increasing rate. If something is not done to stop government ran bail programs, we will find ourselves in the same mess as other states who have no commercial bail. With the economic times that we are in now, it just makes sense to keep this industry private and save the taxpayer money for more important programs. Read the full story here.
Tags: Florida Bail Bondsman, pretrial release
Posted in Nationwide Bail Bond News | 2 Comments »
Monday, March 9th, 2009
Broward County Florida – Broward County has always been know for its overcrowding of local jail. In recent years, the induction of Pretrial services has seem to reduce the overcrowding problem. Or has it? Both local Bail bondsman and the County commission may be working together to kill this program. Recent talk about what would be more cost effective. The cost of the program as compared to the $1,000 a day fine that would be assessed as a result of willfully terminating the federal court order program. Broward County Commissioner Ilene Lieberman said, “When I look at what we would pay if the jail were overcapacity versus what we’re paying for the program, we’re probably better off letting the jail be overcapacity, and we’ll save more money that way,”. By ending the pretrial intervention program would most likely increase the overcrowding and force Broward County to build new jail facilities.
The local bail bond association in Broward county have hired Ron Book to lobby for the termination of the pretrial release program. Book’s proposal would preclude non-indigent inmates from participating in the program. Non-indigent inmates make up about 40 percent of the program. A second version has been hammered out that singles out only non-indigent inmates who have committed dangerous crimes or have a history of missing court dates. Read full story
I’ll tell you what good pretrial release does for the community, nothing. Leaving the responsibility of a defendants appearance in court to private bail bond business ultimately reduces the failure to appear rate not to mention saving the taxpayers millions of dollars. the failure to appear rate dramatically increases with the implementation of these pretrial services. However going through a bail bond agency holds the contacted parties financially responsible to that defendants appearance, ultimately reducing the number of “no shows” to court. Not only does pretrial services increase the FTA (failure to appear), and increase tax payer money, but also puts local bonding agencies out of business. Tell us what you think?
Tags: broward county bail bonds, pretrial release
Posted in Nationwide Bail Bond News | 3 Comments »
Thursday, March 5th, 2009
The state of Connecticut is taking new measures to better regulate the bail bond industry. Concerns about bail bondsman not charging the full premium on bail bonds is becoming a large problem for the Insurance companies and the public. A Bail bond premium is the percentage fee charged to the defendant to be released form jail. For instance if a bail bond is $10,000, in Florida, a fee of $1,000 must be paid for the defendants release through a bonding agency. Many bondsman in Connecticut are asking for less in the hope to gain more business. This sort of business practice is what damages the reputation and integrity of bail bond industry. House Bill 6354 will regulate this type of practice. This Bill allows the insurance company to collect the entire premium form the bonding agency and then issue the commission to the bondman minus any fees due to the insurance company. Do you think this type of regulation will help or hurt the industry. Read the full article here.
Tags: bail bond regulation, Bail Bonds, Bill 6354
Posted in Nationwide Bail Bond News | 4 Comments »
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