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Can a cash bond be converted to a surety bond? Home For The Spring!
Can a cash bond be converted to a surety bond? Home For The Spring!
Location #1
Smith American Bail Bonds
8902 Otis Avenue Suite 123A
Indianapolis, IN, 46216
Location #2
Smith American Bail Bonds
55 S State Avenue Suite #355
Indianapolis, IN, 46201
If someone gets arrested in Indiana, they will be seen by a judge to determine if they will be released at their recognition or if they will have to pay a cash or surety bond. If the judge sets a cash bond, it means that the full amount must be paid directly to the jail and not to a bail bondsman. If the judge sets a surety bond, the bond can be paid to a licensed bail bonding agency.
For surety bonds, you must pay 8% or 10% of the bond's face value, depending on the case. For example, if the bond is set at $50,000.00, you must pay either $4,000.00 or $5,000.00 to a bail bondsman.
For cash bonds, you must pay the full or 10% of the cash bond amount if the judge decides to set a 10% cash bond. For instance, if the bond is set at $50,000.00, you must pay the full amount. If the judge sets the bond to a $50,000.00 10% cash bond, you must pay $5,000.00.
If the cash bond set by the judge is too expensive for you to pay, you can request a bail review hearing through the defendant's attorney. To switch a cash bond to a surety bond, you have to go through an attorney since a bail bondsman cannot do that.
Smith American Bail Bonds provides surety bail bonding services, 8% bail bonding services, online bail bonding services, cheap bail bonds, jail inmate search and locator, out-of-state bail bonds, commercial bonds, felony bonds, fast and friendly bail bonding services, holiday bail bonding services, and 24-hour bail bonding services.
