In order to financially secure a bail, bond a collateral is something that is used. Collateral can be anything such as houses, cars, boats, cash, credit/debit cards, checks, jewelry, and electronic equipment. When the court discharges the bail bond your Collateral must be returned immediately. Though you do not need collateral to bail someone out in most cases. For any questions please call us at 860-339-6967. We will always be there for you.
Collateral can come in the form of Real Estate, Cash, or other forms. If the bond is a large or high risk, the bail bondsman may require collateral to secure the bond. Factors such as the defendant’s past history of arrest, their credit, employment or residence history or how long the Indemnitor has known the arrestee will all play into the underwriting of the bond. A lien will be taken on property or cash will be deposited into an escrow account and held until the bond has been exonerated and the premium and all fees have been paid in full.
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