Collateral

by WebMaster on June 17, 2011

Collateral

Something of value the indemnitor has a financial interest (real estate, personal property, stocks, bonds, etc.) which might be required to be held or a lien placed against by the bail agency as “security” for the bail bond pledged to the court. If collateral was pledged to the bail bond company it will be returned per contract after the bail bond(s) is/are official exonerated by the court.

Not all bail bonds require collateral be taken as security and each bond is different based on a case by case situation. Here are a few factors to whether collateral might be required: the “high” dollar amount of the bail bond, the defendant’s prior conviction record, the likelihood the defendant will appear and resolve the case in court.

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