Tag Archives: surety bonds Indiana

Understanding The Different Types of Bonds Available for Release from Jail

Posted on by

When you or a loved one is arrested, getting out of jail as soon as possible is likely the top priority. But how do you go about doing that? One way is to post bail with a bond. are basically an agreement between the court and the person posting bail (the obligor) in which they promise to pay back some amount of money if the defendant fails to appear for their trial.

There are several types of bonds available for release from jail, including cash bonds, surety bonds, and bail bonds. Each type has its own advantages and disadvantages depending on your financial situation and other factors. In this blog post, we’ll take a look at all three different types of bonds so that you can make an informed decision when trying to get someone released from jail quickly and safely.

Bail Bondsman Hamilton County Indiana 317-919-2489
Bail Bondsman Hamilton County Indiana 317-919-2489

Common Types of Bail Bonds

Cash Bonds

A cash bond is the simplest type of bond and requires that the obligor post the full amount of bail upfront in cash. The money is then held by the court or jail until either the defendant appears for their trial or forfeits if they fail to do so. When used, this type of bond is usually very quick and efficient since there’s no need to contact a bondsman and wait for them to process paperwork and issue a check.

Surety Bonds

A surety bond is a more complicated type of bail bond that involves two parties: an obligor (the person posting bail) and a surety (a third party company). The surety will typically charge a fee for their services, which can range from 10-15% of the bail amount. The obligor is then responsible for any money that may be forfeited if the defendant fails to appear for their trial.

Bail Bonds

Bail bonds are issued by professional bail bond companies and require less up front money than a cash or surety bond. With this type of bond, the obligor pays a percentage (usually 10%) of the total bail amount as a non-refundable fee to the company who will then post the full bail amount on their behalf. However, if the defendant fails to appear at their court date, the obligor will be held liable for any money paid out by the company as part of posting bail.

Why are bail bonds the best choice for getting out of jail? The main advantage of a bail bond is that it releases the defendant from jail while allowing them to build their case from home. This is in contrast to a cash bond, which requires the full amount of bail to be paid to the court before being released. Additionally, with a bail bond, you do not have to liquidate your assets or incur financial strain, as the bondsman takes care of the full bail amount. Overall, opting for a bail bond is a logical choice for individuals who need assistance in securing their release from jail without breaking the bank.

Conclusion

When it comes to posting bail, it’s important to understand the different types of bonds that are available to you. Cash bonds are quick and efficient but require the full amount up front in cash. Surety bonds involve a third party company who may charge a fee for their services, while bail bonds require less upfront money but can hold the obligor responsible if the defendant fails to appear at their trial. No matter which type of bond you choose, understanding your options is key to ensuring that you or your loved one gets out of jail quickly and safely.

Are you looking for professional assistance from a licensed bail bonds company in Hamilton County? Contact Uptown Bail Bonds at 317-919-2489 for 24 hour emergency bail bonds in Noblesville, Indiana. We also provide prearranged bail services for arrest warrant surrenders.

Related Posts:

How Much Does a Bail Bond Cost in Indiana
What Is Bail Bond Revocation and How Does it Work?
What to Expect When You Post Bail in Hamilton County Indiana

6 Types of Bail Bonds in Indiana

Posted on by

If you are facing an arrest warrant, or your loved one has just been arrested, there are 7 options for getting a release from jail in Indiana, 6 of which are types of bail bonds. Whether you are surrendering to an arrest warrant, or bailing someone else out of jail, you need to know this information first.

Continue reading to learn the seven options for getting out of jail in Indiana, including the 6 primary types of bail bonds you can choose from upon qualification.

Noblesville Bail Bondsman 317-919-2489
Noblesville Bail Bondsman 317-919-2489

Here are the 6 types of Indiana bail bonds that may be available to you depending on your criminal history and eligibility:

➀ Cash Bond – A defendant has the option of paying the court directly, the full bond amount. So long as the defendant cooperates with all rules of the legal process, they receive their money back.

➁ Property Bond – A defendant has the option of placing their property up as collateral in place of cash for a release from jail. These bonds are generally offered by bail bond agents in the county of arrest.

➂ Surety Bond – A defendant who cannot afford, or does not want to, pay their bond amount in full to the courts, has the option of purchasing a bail bond through a bail bond agent in the county of arrest. The cost is a non-refundable fee, but it is much less than the total premium.

➃ XC Bond – This is a combination bond that best resembles a mix between a cash bond and surety bond. For example, a defendant might be ordered by a judge to pay a $1000 cash bond, and a $10,000 surety bond for a release from jail.

➄ PR Bond – In Indiana, a “Personal Recognizance” bond is sort of a mix between an OR release and a cash bond. A defendant would not be allowed by the court to post bail through a bail bond agent. Instead, the defendant’s friends or family must come up with 10% of their bond premium and pay it directly to the courts. This is done to encourage friends and family to ensure the defendant appears for all court dates, instead of a bail bond agent.

➅ XR Bond – This is another combination-type bond that mixes a surety bond with a PR bond. Just like an XC bond, a defendant in this scenario would have their bond premium divided into two parts, each assigned a particular type of payment obligation.

Own Recognizance Release (OR Release)

Aside from the six types of bail bonds available for obtaining a release from jail in Indiana, there is an option that some may be granted by the courts called an OR release. This stands for “Release on Your Own Recognizance”, and it involves the defendant signing a contract agreeing to appear for all scheduled court date in exchange for a release from jail. In this situation, no bail is set. This method is often used for first-time or minor offenses, and in counties where jail overcrowding is a problem.

Get Hamilton County Bail Bonds RIGHT NOW!

Hamilton County Bail Bonds 317-919-2489
24/7 Service

Call Uptown Bail Bonds at 317-919-2489 for fast and friendly Hamilton County bail bonds you can trust. We are a family-owned and operated bail bond company that offers friendly and fast bail bond services for all arrests and arrest warrants. You can count on us for friendly service and speedy release is from the Hamilton County jail. Call 317-919-2489 to request an estimate for Noblesville bail bonds, today.