The process of being arrested is a stressful and confusing time. The individual being arrested and their families often have questions about how the process of bail bonds in Denver works and what outcomes they can expect. That’s why Express Bail Bonds put together this helpful list of frequently asked questions. Let us help you find the answers you need to put your mind at ease. If you don’t find the answer you’re looking for below, give us a call at 1-888-883-7336. We will be glad to answer your questions.
What is a Bail Bond?
A bail bond is also known as a surety bond. It is a financial guarantee that a defendant will appear before a court on the date that has been set for their trial, failing to appear in court results in the forfeiture of the bond (see more on this below).
How much does a Bail Bond cost?
The cost of a bail bond is dependent upon the bail amount that has been set. Bail bonds in Denver have a bail premium fee of 15% or a $50 minimum. Typically for a bond of $5000, we charge 10% of the full bail amount. If bail was set at $10,000 the premium charged would be $1,000. Most detention facilities also charge additional fees for bonding, booking and filing. These fees can range from $5 to $50 a piece.
Can I use collateral?
Unfortunately the premium amount must be paid. However, for larger bonds collateral may be required to ensure the bail bond agent can collect in the event the defended never appears in court. Collateral can be in the form of a motor vehicle, a property, or other items of verifiable value. When using collateral for bail bonds in Denver, it is important to note that collateral cannot be returned until the court finishes with the defendant’s case, exonerates the bail bonds, and all fees have been paid. Once this happens the bond release documents must be delivered to the bonding agent in order to have the collateral returned.
Do I get any money back after the trail?
The premium charged on the bond is nonrefundable. This is how the bail bond agent gets paid for their services. However, any collateral or money paid beyond the premium amount will be returned if the defendant appears in court.
Where can I get a bail bond?
You can get bail bonds in Denver from Express Bail Bonds by calling 1-888-883-7336. We can also help you get bail in any other county in Colorado. Give us a call for more information.
What if I don’t appear in court?
Not appearing in court at the appointed time means the bail agent must pay full amount of the bond. In some cases if the defendant was mistaken about the time of their court appearance, and cooperates with their bail bond agent, this can be cleared up. However, if a defendant is not cooperative or goes missing the bail agent must take immediate action by hiring a bail enforcement agent, or bounty hunter to track down the missing defendant.