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A bail bond is a contract between a bail bonds company, the defendant, and the court. We, as the bail bonds company, act as a surety to the court, guaranteeing that the defendant will appear for all their scheduled court dates. In exchange for this guarantee, a non-refundable fee is paid to our company.
In Virginia, the fee for a bail bond is regulated by state law and is a non-refundable premium for our services. The fee is set between 10% and up to 15% of the total bail amount. For example, on a $10,000 bond, the fee could range from $1,000 to $1,500, and is non-refundable.
By signing the bail bond contract, you (the indemnitor or co-signer) are taking on significant responsibility. Your primary obligations include:
If the defendant misses a court date, the court will forfeit the bond, and the full bail amount becomes due. As the indemnitor or co-signer, you would be legally responsible for paying the entire amount of the forfeited bond, as outlined in the bail bond agreement. This could result in a lien on any property used as collateral.
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