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Bail Bonds

About Bail Bonds
A bail bond (surety bond) is a financial guarantee to the court that the defendant will appear in each and every court appearance as the court directs. Failure of the defendant to comply with the conditions of the court could result in warrants issued and bail bonds forfeited.

 
Who is liable for the bail bond?
The indemnitor (co-signer) is financially liable for the bail bond. The indemnitor’s liability is limited to the full face value of the bail bond and any expense incurred by the bail agent in order to return the defendant to custody.

How long is a bail bond good for?
The bond is good until the case is closed or the charges are dropped.

Is the bail bond premium refundable?
Once the bail bond is posted and accepted by a court or jail, liability is taken on the bail bond. At that point the bail bond premium is fully earned and is not refundable.

How much does a bail bond cost?
Most bail bond premiums are ten percent of the full bail amount. For example, if the full bail amount is $10,000.00, the premium (fee) for the bail bond is $1,000.00. These fees are established and regulated by the Department of Financial Services or Department of Insurance depending on the State.

What hours do bail agencies operate?
Because people are arrested both day and night, most bond agencies are open 24 hours a day, 7 days a week, 365 days a year.

Where can I get a bail bond?
A bail bond can only be issued by a licensed bail agent who will confidentially discuss your individual situation and assist with all of your bail bond needs.

Where can a bail bond be posted?
In New York State a bail bond can only be posted in courts by a licensed bail bond agent. Cash bail may be posted in court or jails by anyone. Most jails accept cash bail 24 hours a day, 7 days a week, 365 of the year.

What is collateral?
Collateral describes the assets you pledge in order to secure a bail bond. Collateral may include business or personal assets, such as the equity in your home or car. The assets can then be seized by the bail agent if the defendant fails to appear in court on his court date and the bond becomes forfeited.

 
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Bronx Office
909 Sheridan Ave. #5
Bronx, NY 10541
718-681-1000, 718-575-2663

Brooklyn Office
75 Smith St.
Brooklyn, NY 11201
718-681-1100

New York Office
81 Baxter St.
New York, NY 10013
212-274-1414

Yonkers Office
5 Palidoes Ave.
Yonkers, NY 10701

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